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Grocery-anchored

Breton Village
Grocery-anchoredInvestment salesMichiganNews

WS Development, Barings Acquire 200,000-Square-Foot Shopping Center in Grand Rapids, Michigan

by Abby Cox

Grand Rapids, Mich. — Massachusetts-based WS Development and Barings, a subsidiary of MassMutual, have acquired Breton Village, a 200,000-square-foot shopping center located in Grand Rapids. Originally built in the 1960s and 1970s as a retail strip center, Breton Village was purchased in 2002 and later redeveloped in 2017 by a group of local investors doing business as Breton Village LLC. Investment partners in the redevelopment included Scott Wierda, Brian DeVries, Dan DeVos and Dan Bowen. Breton Village is home to a mix of tenants including lululemon, Joseph A. Bank, Talbots, LOFT, …

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Aurora Plaza
ColoradoGrocery-anchoredInvestment salesNews

JLL Negotiates $16 Million Sale of Aurora Plaza in Metro Denver

by Abby Cox

Aurora, Colo. — JLL Capital Markets has arranged the $16 million sale of Aurora Plaza, a 115,461-square-foot shopping center located in Aurora, roughly nine miles east of Denver. Anchored by King Soopers, Cinema Latino and Gen X Clothing, the property was 80 percent leased to 27 tenants including medical offices, service providers, restaurants and retail shops at the time of sale. Built in 1982 and renovated in 2001, Aurora Plaza spans 10.6 acres. Jason Schmidt and Austin Snedden of JLL’s Investment Sales and Advisory team represented the seller in the transaction. …

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Westgate Shopping Center
AlabamaGrocery-anchoredInvestment salesNews

Legacy Realty Negotiates Sale of 132,737-Square-Foot Shopping Center in Enterprise, Alabama

by Abby Cox

Enterprise, Ala. — Legacy Realty Group has negotiated the sale of Westgate Shopping Center, a 132,737-square-foot shopping center located in Enterprise, roughly 30 miles east of Dothan. Piggly Wiggly anchors the center, which features a mix of additional tenants including Petsense, H&R Block, Rituals Salon & Day Spa, Rent-A-Center, Metro by T- Mobile, Beef ‘O’ Brady’s and Yancey Parker’s. Built in 1966, the property is situated on 6.4 acres, according to LoopNet. Jacob Baruch, Daniel Baruch and Ari Warshaw of Legacy Realty Group Advisors represented the buyer in the transaction. …

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Old Grove Marketplace
CaliforniaCompany newsGrocery-anchoredNews

Vestar to Manage 600,000-Square-Foot Southern California Retail Portfolio

by Abby Cox

California — Vestar has been selected to provide management services for a 600,000-square-foot retail portfolio in Southern California. The portfolio comprises five grocery-anchored shopping centers including Campus Marketplace in San Marcos, The Pavilion at La Quinta in La Quinta, River Oaks Shopping Center in Santa Clarita, Bear Creek Village in Wildomar and Old Grove Marketplace in Oceanside. Vestar will manage the portfolio on behalf of Nuveen Real Estate, who recently acquired the properties. Vestar’s Southern California management portfolio now totals more than 8.5 million square feet.

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Springfield Avenue Marketplace
Grocery-anchoredInvestment salesMixed-useNew JerseyNews

CBRE Facilitates $37.5 Million Sale of Springfield Avenue Marketplace in Newark, New Jersey

by Abby Cox

Newark, N.J. — CBRE has facilitated the $37.5 million sale of Springfield Avenue Marketplace, a 110,551-square-foot mixed-use center located in Newark. A 71,000-square-foot Shoprite anchors the property, which was 97 percent leased at the time of sale. Additional tenants include McDonald’s, Taco Bell, Popeyes and T-Mobile. Developed in 2016, the property also features a 152-unit residential component called 24 Jones. Jeffrey Dunne, David Gavin, Chris Munley, Colin Behr and Travis Langer of CBRE’s National Retail Partners represented the seller, Goldman Sachs Alternatives, in the transaction. The team also procured the buyer, …

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Lafayette Marketplace
Grocery-anchoredInvestment salesLouisianaNews

Marcus & Millichap Brokers $5.8 Million Sale of 87,122-Square-Foot Retail Center in Lafayette, Louisiana

by Abby Cox

Lafayette, La. — Marcus & Millichap has brokered the $5.8 million sale of Lafayette Marketplace, an 87,122-square-foot retail center located in Lafayette. Super 1 Foods anchors the property, which occupies roughly 60 percent of the center. Additional tenants include Dollar Tree, Family Dollar, Metro by T-Mobile and Ace Cash Express. Built in 1995 and renovated in 2024, Lafayette Marketplace spans 10 acres and is situated near the West Village master-planned development that is currently underway. Eric Abbott and Zach Taylor of Marcus & Millichap represented the seller in the transaction. …

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FinanceGrocery-anchoredNewsTexas

JLL Secures Financing for 44,494-Square-Foot Retail Center in Killeen, Texas

by Abby Cox

Killeen, Texas — JLL Capital Markets has secured financing for the acquisition of West Killeen Market, a 44,494-square-foot retail center located in Killeen. Built in 2017, the property is 74 percent leased and shadow-anchored by an H-E-B grocery store. Other tenants include Cohen Veterans Network, Jimmy’s Egg, MB2 Dental, Twin Liquor, Verizon Wireless, Cricket Wireless, Great Clips, The Joint, Venetian Nail Spa, Lone Star Pediatric Dental & Braces and Papa John’s Pizza. Clint Coe, Chad Lisbeth and Charlie Mossy of JLL’s Debt Advisory team represented the borrower, Brownlee Waggoner Holdings …

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Palm Bay Center
FloridaGrocery-anchoredInvestment salesNews

Marcus & Millichap Brokers Sale of 135,049-Square-Foot Retail Center in Palm Bay, Florida

by Abby Cox

Palm Bay, Fla. — Marcus & Millichap has brokered the sale of Palm Bay Center, a 135,049-square-foot retail center located along Florida’s Space Coast in Palm Bay. Publix anchors the property, which has operated at this location for more than 40 years. The center was 35 percent leased to additional tenants including Broken Barrel, Family Dollar, Save A Lot and Citi Trends at the time of sale. Palm Bay Center is situated on roughly 12 acres. Tarek Chbeir of Marcus & Millichap, in collaboration with Adam Sklaver and Philip Kates …

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FloridaGrocery-anchoredInvestment salesNews

Colliers Arranges $63.5 Million Sale of Posner Commons in Suburban Orlando

by Abby Cox

Davenport, Fla. — Colliers has arranged the $63.5 million sale of Posner Commons, a 731,000-square-foot regional shopping center located in Davenport, roughly 25 miles southwest of Orlando. Target and a newly constructed BJ’s Wholesale Club shadow anchor the property, which was 95.5 percent leased at the time of sale. Other tenants at the center include JCPenney, Dick’s Sporting Goods, Cinépolis, Best Buy, Ross Dress For Less, Ashley Furniture, Michaels, Staples, PetSmart, Books-A-Million and Dollar Tree. Situated seven miles from Walt Disney World, the property spans 91 acres. Brad Peterson, Whitaker …

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Willow Creek Center
CaliforniaGrocery-anchoredInvestment salesNews

Monarch Commercial Advisors Brokers $27.8 Million Sale of Willow Creek Center in Northern California

by Abby Cox

Auburn, Calif. — Monarch Commercial Advisors has brokered the $27.8 million sale of Willow Creek Center, a 67,825-square-foot shopping center located in Auburn, roughly 33 miles outside Sacramento. A Smart & Final grocery store anchors the center, which was constructed between 2015 and 2017. Other tenants at the fully leased property include Starbucks Coffee, Chick-fil-A, Panda Express, PetSmart, Jersey Mike’s, AT&T and GameStop. Dave Lucas and Brandon Norton of Monarch Commercial represented the seller, Best Development Group, in the transaction. The buyer was a private investor. Dan Friedeberg of Slatt Capital …

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