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Grocery-anchored

Stow Shopping Center
Grocery-anchoredInvestment salesMassachusettsNews

Atlantic Capital Partners Arranges $26 Million Sale of Two Shopping Centers in Massachusetts

by Abby Cox

Stow and Yarmouth, Mass. — Atlantic Capital Partners has arranged the $26 million sale of two grocery-anchored shopping centers in Massachusetts. The properties include Stow Shopping Center in the Boston suburb of Stow and Yarmouth Shopping Center in Yarmouth. Justin Smith, Chris Peterson, Sam Koonce, Danielle Donovan and Matt Austin of Atlantic Capital Partners represented the seller and procured the buyer, an undisclosed Canadian entity, in the transaction. Stow Shopping Center is anchored by Shaw’s Supermarket and spans 124,405 square feet. The property was 90 percent leased at the time …

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Three-tenant retail outparcel at Greenbrier Square
Grocery-anchoredInvestment salesNewsVirginia

SLN Capital Markets Sells Three-Tenant Outparcel at Shopping Center for $3.4 Million in Norfolk, Virginia

by Abby Cox

Norfolk, Va. — SLN Capital Markets, a division of S.L. Nusbaum Realty Co., has sold a 7,440-square-foot, three-tenant retail outparcel at Greenbrier Square in Norfolk for $3.4 million. Tenants at the retail strip center include La Hacienda Mexican Grill, Clover Nail Spa and Tobacco Land & Vape. This transaction marks SLN’s seventh retail parcel sold at the 254,000-square-foot grocery-anchored shopping center.

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Waterside
Grocery-anchoredInvestment salesNewsTexas

Partnership Sells 68-Acre Mixed-Use Development in Fort Worth, Texas

by Abby Cox

Fort Worth, Texas — A partnership between Trademark Property Co. and Swift Creek Partners has sold Waterside, a 68-acre mixed-use development located in Fort Worth. The Georgetown Co. purchased the property for an undisclosed price. The mixed-use development — which was 98 percent leased at the time of sale — features 157,791 square feet of retail space anchored by Whole Foods Market and REI. The property also includes 550 multifamily units, office space, a Residence Inn, townhomes and a community pavilion and gathering space. Chris Gerard, Barry Brown, Erin Lazarus …

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Grocery-anchoredInvestment salesNewsVirginia

Legacy Realty Arranges Sale of 46,400-Square-Foot Shopping Center in Metro Richmond

by Abby Cox

Colonial Heights, Va. — Legacy Realty Group Advisors has arranged the sale of Walthall Shopping Center, a 46,400-square-foot shopping center in Colonial Heights, roughly 20 miles outside Richmond. Built in 1988, the center is anchored by Food Lion. Additional tenants at the property include a salon, Excel Chinese Restaurant and Swan Cleaners. Jacob Baruch and Daniel Baruch of Legacy represented the undisclosed buyer. Steve Yoon of Champion Realty Investment represented the seller in the off-market transaction.

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Del Monte Shopping Center
CaliforniaGrocery-anchoredInvestment salesNews

Federal Realty Acquires 674,000-Square-Foot Retail Development in Monterey, California for $123.5 Million

by Abby Cox

Monterey, Calif. — Federal Realty Investment Trust has acquired Del Monte Shopping Center, a 674,000-square-foot retail development located in Monterey, for $123.5 million. Originally built in 1967 and renovated in 2007, the center is situated on 47 acres. Whole Foods Market anchors the property, which was 83 percent leased at the time of sale. Other tenants at the center include Sephora, lululemon, Pottery Barn, Century Theatres, Macy’s and Anthropologie. According to Placer.ai, the development ranks among the top five percent of shopping centers in the United States for annual foot …

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Company newsDelawareDevelopmentGrocery-anchoredLeasingMixed-useNews

Blenheim Group Breaks Ground on 64,000-Square-Foot Weis Markets at Bayberry Town Center in Middletown, Delaware

by Abby Cox

Middletown, Del. — Blenheim Group has broken ground on a 64,000-square-foot Weis Markets location at Bayberry Town Center, a mixed-use development currently underway in Middletown. Marking its fourth store in Delaware and its first ground-up development, the location will include fresh food departments, a grocery department and pharmacy, as well as a Weis Gas N’ Go fuel center. The grocery store and fuel center are scheduled to open in the fourth quarter of 2025. Weis Markets is part of the larger master-planned community of Bayberry Town Center, which will span …

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Milwaukie Marketplace
Grocery-anchoredInvestment salesNewsOregon

Northmarq Brokers $39 Million Sale of Retail Center in Milwaukie, Oregon

by Abby Cox

Milwaukie, Ore. — Northmarq has brokered the $39 million sale of Milwaukie Marketplace, a multi-tenant retail center located in Milwaukie, approximately six miles outside Portland. Built in 1989, the center comprises four buildings across nine parcels and totals 185,760 square feet. New Seasons Market anchors the center. Additional tenants at the property include Planet Fitness, Ace Hardware, Dollar Tree, Pietro’s Pizza, UPS, Subway, Taco Bell and Starbucks Coffee. Multiple Letters of Intent (LOI) have been signed on the vacant tenant spaces. Kevin Adatto, Sean Tufts, Scott Frank and Joe Dugoni …

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Company newsDevelopmentGrocery-anchoredIllinoisNews

ALDI to Add 225 New Stores in 2025

by Abby Cox

Batavia, Ill. — German discount grocery store chain ALDI has plans to open more than 225 new store locations in 2025 as part of its five-year national growth strategy. The new stores will comprise original ALDI supermarkets and the conversion of select Winn-Dixie and Harveys Supermarket stores. Approximately 220 Southeastern Grocers locations will be converted to the ALDI format through 2027. As part of the strategy, ALDI has closed a transaction to divest approximately 170 Winn-Dixie and Harveys Supermarket stores that are not part of the ALDI conversion plan to …

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Andorra Shopping Center
Architecture and DesignDevelopmentGrocery-anchoredNewsPennsylvania

Federal Realty Breaks Ground on Next Phase of Andorra Shopping Center Redevelopment in Philadelphia

by Abby Cox

Philadelphia — Federal Realty Investment Trust has broken ground on the next phase of redevelopment at Andorra Shopping Center located in northwest Philadelphia. Construction of the property, which began in February 2025, will include a 50,000-square-foot GIANT grocery store and the repositioning of 30,000 square feet of retail space. Additionally, the $30 million redevelopment will feature approximately 14,000 square feet of landscaped plazas and outdoor dining spaces, as well as a 10,000-square-foot KinderCare childcare facility. Andorra Shopping Center is currently home to several retailers including T.J. Maxx, Five Below and …

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Morrison Ranch
ArizonaCompany newsDevelopmentGrocery-anchoredNews

Barclay Group Develops Seven New Grocery-Anchored Shopping Centers

by Abby Cox

Phoenix — Barclay Group has developed a total of seven Kroger-anchored shopping centers in Arizona and Colorado, with six of the seven shopping centers located in the greater Phoenix area. The most recent deliveries featured two openings in January 2025, including Flying Horse in Colorado Springs, Colorado, and Morrison Ranch in Gilbert, Arizona. The final two openings — Heritage West in Buckeye, Arizona, and Sycamore Farms in Surprise, Arizona — are scheduled for completion this year. Barclay Group’s expansion into the Phoenix market within the past 15 months is part …

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