Grocery-anchored

Northeast-Heights
Grocery-anchoredInvestment salesNew YorkNews

Cedar Realty Trust Sells Grocery-Anchored Shopping Center Portfolio for $879 Million

by Katie Sloan

Port Washington, N.Y. — Cedar Realty Trust has sold a portfolio of 33 grocery-anchored shopping centers for $879 million, inclusive of existing debt. The names and addresses of the centers were not disclosed, but the properties are primarily located in high-density markets throughout the Northeast and Mid-Atlantic regions. The buyer was a joint venture between two New York City-based firms, DRA Advisors and KPR Centers. The sale, which was first announced in March, comes as part of the New York-based REIT’s plan to divest of its assets prior to being …

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Franklin-Towne-Center
Grocery-anchoredInvestment salesNew JerseyNews

Stan Johnson Co. Arranges $56 Million Sale of 138,000-Square-Foot Shopping Center in Franklin Park, New Jersey

by Katie Sloan

Franklin Park, N.J. — Stan Johnson Co. has arranged the $56 million sale of Franklin Towne Center, a 138,000-square-foot shopping center located in Franklin Park. Stop & Shop anchors the property, which was developed in 1990. Isaiah Harf of Stan Johnson represented the seller, a New York-based developer, in the disposition of the center to an investment firm based in New Jersey. 

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Grocery-anchoredInvestment salesNew YorkNews

JLL Brokers $26.5 Million Sale of Stop & Shop Anchored Retail Center in West Haverstraw, New York

by Katie Sloan

West Haverstraw, N.Y. — JLL Capital Markets has brokered the $26.5 million sale of Samsondale Plaza, a 156,185-square-foot retail center located in the Rockland County community of West Haverstraw. Stop & Shop anchors the property, which was 91 percent leased at the time of sale to tenants including the New York State Department of Motor Vehicles, Dollar Tree, Advance Auto, Sports Clips, Sally Beauty Supply and Mandee. Jose Cruz, J.B. Bruno, Steve Simonelli, Michael Oliver, Kevin O’Hearn, Austin Pierce and Andrew Scandalios of JLL represented the seller, a joint venture …

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Crossings at Wildlight
DevelopmentFloridaGrocery-anchoredNews

Sleiman Breaks Ground on 90,000-Square-Foot Publix-Anchored Shopping Center in Metro Jacksonville

by Julia Sanders

Yulee, Fla. — Sleiman Enterprises has broken ground on Crossings at Wildlight, a Publix-anchored shopping center located roughly 25 miles outside Jacksonville in Yulee. The retail center will offer the first grocery store in the community. Designed by Cuhaci & Peterson, the 90,000-square-foot project will include five single- or multi-tenant buildings and up to three outparcels. Sleiman is planning a grand opening for spring 2022. The shopping center will serve as a retail component within Wildlight, a master-planned development in Nassau County by Raydient Places + Properties.

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Alpharetta Commons
GeorgiaGrocery-anchoredInvestment salesNews

Hanley Investment Group Arranges $24.6 Million Sale of Publix-Anchored Shopping Center in Metro Atlanta

by Julia Sanders

Alpharetta, Ga. — Hanley Investment Group Real Estate Advisors has arranged the $24.6 million sale of Alpharetta Commons, a 94,500-square-foot shopping center located in the Atlanta suburb of Alpharetta. Publix anchors the property, which is 98.7 percent occupied by tenants including Sports Clips, T-Mobile, a nail salon, dry cleaners, a liquor store and food and beverage outlets. Ed Hanley and Kevin Fryman of Hanley Investment Group, along with ParaSell Inc., represented the 1031 exchange buyer, a private investor based in Southern California. Chris Decouflé, Kevin Hurley and Matt Karempelis of …

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Cofer Crossing
GeorgiaGrocery-anchoredInvestment salesNews

JLL Arranges $20 Million Sale of Kroger-Anchored Shopping Center in Metro Atlanta

by Julia Sanders

Tucker, GA. — JLL Capital Markets has arranged the $20 million sale of Cofer Crossing, a 136,139-square-foot shopping center located 20 miles outside Atlanta in Tucker. Jim Hamilton, Brad Buchanan and Taylor Callaway of JLL represented the seller, a partnership between SITE Centers Corp. and Madison International Realty. A private buyer based in Ontario, California, acquired the asset in a 1031 exchange and was represented by Hanley Investment Group’s Ed Hanley and Kevin Fryman, along with ParaSell Inc. Kroger and HomeGoods anchor the fully leased center.

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Center of Bonita Springs
FloridaGrocery-anchoredInvestment salesNews

Cushman & Wakefield Arranges Sale of Publix-Anchored Shopping Center in Bonita Springs, Florida

by Julia Sanders

Bonita Springs, Fla. — Cushman & Wakefield has arranged the sale of the Center of Bonita Springs, a 281,394-square-foot shopping center located in Bonita Springs. Adam Feinstein, Mitchell Halpern and Mark Gilbert of Cushman & Wakefield represented the undisclosed sellers in the transaction. Publix anchors the center, which is 90 percent leased to tenants including Beall’s Outlet/Home Centric, Old Time Pottery, Naples Community Hospital and Crunch Fitness. The buyer and terms of the transaction were undisclosed.

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Food Lion
Grocery-anchoredInvestment salesNewsNorth Carolina

Marcus & Millichap Brokers $7.2 Million Sale of Food Lion-Anchored Shopping Center in Henderson, North Carolina

by Julia Sanders

Henderson, N.C. — Marcus & Millichap has brokered the $7.2 million sale of a Food Lion-anchored, 182,646-square-foot shopping center located in Henderson. David Gant and Lori Schneider of Marcus & Millichap represented the seller, a limited liability company. The duo also represented the buyer, a limited liability company.

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Tiger Point Pavilion
FloridaGrocery-anchoredInvestment salesNews

JLL Arranges $19.9 Million Sale of Publix-Anchored Shopping Center in Gulf Breeze, Florida

by Julia Sanders

Gulf Breeze, Fla. — JLL Capital Markets has arranged the $19.9 million sale of Tiger Point Pavilion, a 66,279-square-foot shopping center anchored by Publix in the Pensacola-area community of Gulf Breeze. Brad Peterson, Whitaker Leonhardt and Tommy Isola of JLL represented the seller, a joint venture between MAB American and DRA Advisors. ExchangeRight was the buyer. Completed in 2018, the 98 percent-leased center is home to tenants including Aspen Dental, AT&T, Dickey’s Barbeque, Great Clips and Select Physical Therapy. With an attached drive-thru pharmacy, Publix Supermarkets and the adjacent liquor …

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2360 N Tustin Ave.
CaliforniaGrocery-anchoredInvestment salesNews

Stream Realty Partners Buys 49,334-Square-Foot Shopping Center in Santa Ana, California

by Julia Sanders

Santa Ana, Calif. — Stream Realty Partners has acquired a grocery-anchored shopping center located at 2360 N. Tustin Ave. in Santa Ana. Previously owned by two private owners for 50 years, Stream purchased both the leasehold interest and the fee simple. Stater Bros. Markets has been a tenant since the property’s completion. Additionally, Stream acquired the 0.78 acres of adjacent land, which currently features two residential units, for future development. As a result of the transaction, Stater Bros. has renewed its 25,587-square-foot lease and Del Taco renewed its 1,859-square-foot lease …

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