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Grocery-anchored

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Grocery-anchoredInvestment salesMarylandNews

Neuman Arranges $6.4 Million Sale of Shopping Center in Metro Baltimore

by Hayden Spiess

Middle River, Md. — Neuman Commercial Group has arranged the $6.4 million sale of Hawthorne Plaza, a shopping center located in Middle River, roughly 10 miles outside downtown Baltimore. Originally developed in 1960, the property totals 69,582 square feet. Tenants at the center, which was 98 percent leased at the time of sale, include Family Dollar, ExoticHaus Furniture and Geresbeck’s Food Market. Gil Neuman of Neuman Commercial Group represented the buyer, Rockpark Group with Redwood Capital Group, in the transaction. Thornhill Properties Management represented the seller, Hawthorne Inc. 

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FloridaGrocery-anchoredInvestment salesNew JerseyNews

PGIM Sells Grocery-Anchored Shopping Center Portfolio in Florida for $223.9 Million

by Hayden Spiess

Newark, N.J. — New Jersey-based PGIM Real Estate has sold a portfolio of seven grocery-anchored shopping centers in Florida. An undisclosed buyer purchased the portfolio, which comprises a total of 608,314 square feet of retail space, for $223.9 million. Danny Finkle, Eric Williams, Jorge Portela and Kim Flores of JLL represented PGIM in the disposition. Properties in the portfolio include Crestwood Square in Royal Palm Beach; Davie Shopping Center and Regency Square in Davie; Gladiolus Gateway in Fort Myers; Town Center at Orange Lake and Village Shops at Bellalago in Kissimmee; …

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DevelopmentGrocery-anchoredNewsTexas

GBT Underway on 33,700-Square-Foot Retail Center in Texas

by Hayden Spiess

Providence Village, Texas — GBT Realty Corp. is underway on the development of Providence Marketplace, a retail center that will total 33,700 square feet in Providence Village, roughly 45 miles north of Dallas. A 23,300-square-foot Sprouts Farmers Market will anchor the property, which will also feature roughly 10,400 square feet of small shop space and three outparcels. GBT acquired the development site in August. 

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CaliforniaGrocery-anchoredInvestment salesNews

CBRE Negotiates Sale of 65,054-Square-Foot Retail Center in Oceanside, California

by Hayden Spiess

Oceanside, Calif. — CBRE has negotiated the sale of Plaza Rancho Del Oro, a 65,054-square-foot retail center located in Oceanside. A&C Properties sold the center for $34.3 million. Albertsons and Planet Fitness anchor the property, which was 92 percent leased at the time of sale. Other tenants include Starbucks Coffee, My Salon Suites, Upper Crust Pizza, Wells Fargo and Carl’s Jr. Jimmy Slusher, James Tyrrell and Megan Lanni of CBRE represented the seller. Reg Kobzi, Michael Peterson and Joel Wilson of CBRE assisted in closing the transaction. 

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Grocery-anchoredInvestment salesNew YorkNews

CBRE Arranges $34 Million Sale of Retail Center in Poughkeepsie, New York

by Hayden Spiess

Poughkeepsie, N.Y. — CBRE has arranged the $34 million sale of Hudson Heritage, a retail center located in Poughkeepsie. ShopRite anchors the property, which totals 120,499 square feet. Other tenants at the center, which was 92 percent leased at the time of sale, include CVS/pharmacy, Starbucks Coffee, Chipotle Mexican Grill, AT&T, Jersey Mike’s Subs, Burger King and PulseMD. An entity doing business as EFG/Saber Heritage SC LLC sold the property to East Coast Acquisitions. Jeffrey Dunne, David Gavin and Travis Langer of CBRE represented the seller in the transaction. 

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Northfield-Center_Whiteville-N.C
Grocery-anchoredInvestment salesNewsNorth Carolina

Legacy Arranges $5.5 Million Sale of Retail Center in Whiteville, North Carolina

by Hayden Spiess

Whiteville, N.C. — Legacy Realty Group Advisors has arranged the $5.5 million sale of Northfield Center, a retail center located in Whiteville. Food Lion anchors the property, which comprises 41,400 square feet. Jacob Baruch and Jonah Warshaw of Legacy Realty Group Advisors represented the undisclosed buyer in the transaction. 

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Casas-Adobes-Plaza-Tucson-AZ
ArizonaGrocery-anchoredInvestment salesNews

First Washington Realty Sells Casas Adobes Plaza Shopping Center in Tucson, Arizona for $51 Million

by Hayden Spiess

Tucson, Ariz. — First Washington Realty has sold Casas Adobes Plaza, a shopping center located in Tucson, for $51 million. Originally built in 1953 and remodeled in 2014, the property totals 92,300 square feet situated on 9.5 acres. Tenants at the property, which was 97 percent occupied at the time of sale, include Whole Foods Market, Starbucks Coffee, Pure Barre, Orangetheory Fitness and Chico’s. Patrick Dempsey and Geoff Tranchina of JLL Capital Markets arranged the transaction. Greg Brown and Jason Carlos of JLL secured acquisition financing through a correspondent life insurance …

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Grocery-anchoredInvestment salesNew JerseyNews

FNRP Acquires 87,735-Square-Foot Retail Center in Waretown, New Jersey

by Hayden Spiess

Waretown, N.J. — First National Realty Partners (FNRP) has acquired Waretown Town Center, an 87,735-square-foot retail center located in Waretown. A 60,800-square-foot ShopRite anchors the property, which is situated along the Jersey Shore Line. Other tenants at the center include Meridian Health, Shore Smiles Dentistry, Saladworks and Great Clips. Colin Behr and Chris Munley of CB Richard Ellis represented the undisclosed seller in the transaction. This marks FNRP’s seventh shopping center acquisition in New Jersey. 

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FloridaGrocery-anchoredInvestment salesNews

Colliers Brokers $33.1 Million Sale of Palm Aire Marketplace in Pompano Beach, Florida

by Hayden Spiess

Pompano Beach, Fla. — Colliers has brokered the $33.1 million sale of Palm Aire Marketplace, a shopping center located in Pompano Beach. Presidente Supermarket and dd’s DISCOUNTS anchor the property, which totals 143,219 square feet. Other tenants at Palm Aire Marketplace include T-Mobile, Chase Bank and McDonald’s. Harry Blyden, Bastian Schauer, Ruben Suarez, Billy Weiser and Ariel Davis of Colliers represented the seller, Pompano Realty USA, in the transaction. Longpoint Realty Partners acquired the asset, which is situated across from The Pomp, a $2 billion mixed-use project currently underway at the …

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Grocery-anchoredInvestment salesNew YorkNews

Legacy Arranges Sale of 99,096-Square-Foot Shopping Center in Spencerport, New York

by Hayden Spiess

Spencerport, N.Y. — Legacy Realty Group Advisors has arranged the sale of Spencerport Village Plaza, a 99,096-square-foot shopping center located in Spencerport. Tops Friendly Markets anchors the property. Jacob Baruch and Daniel Baruch of Legacy represented both the buyer and seller in the transaction. 

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