Grocery-anchored

Rialto-Village-Rialto-CA
CaliforniaDevelopmentGrocery-anchoredNews

NewMark Merrill Cos. Breaks Ground on 96,011-Square-Foot Shopping Center in Rialto, California

by Katie Sloan

Rialto, Calif. — NewMark Merrill Cos. has broken ground on Rialto Village, a 96,000-square-foot shopping center in Rialto. Brian McDonald, Walter Pagel and Hannah Curran of CBRE, along with Greg Giacopuzzi of NewMark Merrill, are marketing the center for lease. Currently, 18 tenants are slated to join the project, which is located at the southwest corner of San Bernardino and Riverside avenues. Signed tenants include Sprouts Farmers Market, Burlington, Ulta Beauty, Five Below, Mattress Firm, Arrowhead Credit Union, Quick Quack Car Wash, In-N-Out Burger, Cold Stone Creamery, The Joint, Nekter Juice …

Continue Reading
0 FacebookTwitterLinkedinEmail
Bridgecore-Financing
FinanceGrocery-anchoredIndianaNews

BridgeCore Provides $2.6 Million Acquisition Financing for Vacant Grocery Property in Indianapolis

by Katie Sloan

Indianapolis — BridgeCore Capital has provided $2.6 million in acquisition financing for a vacant, single-tenant retail property located in Indianapolis. The asset was formerly occupied by an undisclosed grocery tenant. The financing features an 8.5 percent fixed interest rate, with a 12-month term at a 70 percent loan-to-purchase price. The borrower in the transaction was not released. 

Continue Reading
0 FacebookTwitterLinkedinEmail
DiMucci
Grocery-anchoredIllinoisInvestment salesNews

Continental Realty Corp. Purchases Shopping Center Portfolio in Suburban Chicago for $93.6 Million

by Katie Sloan

Chicago — Continental Realty Corp. (CRC) has entered the Chicago market with its acquisition of a five-property shopping center portfolio for $93.6 million. The properties total more than 900,000 square feet of gross leasable area and are located in Cicero, Mount Prospect, Naperville and Palatine. Specifically, the properties include Cicero Marketplace in Cicero; Northwest and English Valley shopping centers in Palatine; Golf Plaza II in Mount Prospect; and Fox River Commons in Naperville. DiMucci Cos. was the seller. Tucker Development served as an acquisition and development consultant on the transaction. The portfolio …

Continue Reading
0 FacebookTwitterLinkedinEmail
IPA-6-property
ColoradoFloridaGrocery-anchoredIndianaInvestment salesNews

IPA Secures $62.4 Million Acquisition Financing for Six-Property Grocery-Anchored Retail Portfolio

by Katie Sloan

Florida, Colorado and Indiana — Institutional Property Advisors (IPA) has secured $62.4 million in acquisition financing for a six-property portfolio of grocery-anchored retail centers in Florida, Colorado and Indiana. Sunny Sajnani and Todd McNeill of IPA worked on behalf of the borrower, Essential Growth Properties, to place the five-year, fixed-rate, non-resource financing through three separate lenders. The portfolio includes Gainesville Shopping Center in Gainesville, Florida; Cheyenne Meadows Shopping Center in Colorado Springs, Colorado; Woodlands Crossing in Elkhart, Indiana; Plymouth Plaza in Plymouth, Indiana; Crawfordsville Square in Crawfordsville, Indiana; and Auburn Plaza, …

Continue Reading
0 FacebookTwitterLinkedinEmail
publix-at-gunn-battle
GeorgiaGrocery-anchoredInvestment salesNews

Garner Group Sells Publix-Anchored Shopping Center in Central Georgia for $12 Million

by Katie Sloan

Warner Robins, Ga. — Garner Group has sold Publix at Gunn Battle, an 80,675-square-foot shopping center located in the central Georgia community of Warner Robins. Publix anchors the property, which was 93 percent occupied at the time of sale. Brad Buchanan, Jim Hamilton and Andrew Kahn of JLL Capital Markets represented the seller in the disposition of the center to a joint venture between Forge Capital Partners and The Sembler Co. The property was developed in 2010 and is located at 6015 Watson Blvd.

Continue Reading
0 FacebookTwitterLinkedinEmail
Town-Center-at-the-Preserve
CaliforniaDevelopmentGrocery-anchoredNews

Lewis Retail Centers to Build 169,590-Square-Foot Town Center at The Preserve in Chino, California

by Katie Sloan

Chino, Calif. — Lewis Retail Centers has unveiled plans to build Town Center at The Preserve in Chino, a city in Southern California. The retail and office development, which will span 169,590 square feet, is slated to open in summer 2023. Town Center at The Preserve will be situated within a master-planned community named The Preserve at Chino and adjacent to multifamily units. The pedestrian-friendly development will feature Main Street-oriented retail space, as well as open spaces for gatherings and events. Stater Bros., a privately held supermarket chain based in San Bernardino, …

Continue Reading
0 FacebookTwitterLinkedinEmail
Brook-Highland-Plaza
AlabamaGrocery-anchoredInvestment salesNews

JLL Brokers Sale of 594,466-Square-Foot Retail Center in Birmingham, Alabama

by Katie Sloan

Birmingham, Ala. — JLL Capital Markets has brokered the sale of Brook Highland Plaza, a 594,466-square-foot retail center located in Birmingham. The property was 98 percent leased at the time of sale to tenants including Sprouts Farmers Market, Best Buy, Burlington, HomeGoods, Lowe’s Home Improvements, Ashley Furniture, Goodwill, Ulta Beauty, Party City, Office Max, Michaels, Five Below, Club 4 Fitness and Petco. Jim Hamilton, Brad Buchanan and Andrew Michols of JLL represented the seller, a joint venture between DRA Advisors and DLC Management, in the disposition of the property to …

Continue Reading
0 FacebookTwitterLinkedinEmail
Heritage-Park
CaliforniaGrocery-anchoredInvestment salesNews

First National Realty Acquires Heritage Park Shopping Center in San Francisco Bay Area

by Katie Sloan

Suisun City, Calif. — First National Realty Partners has acquired Heritage Park, a 167,000-square-foot shopping center located roughly 50 miles northeast of San Francisco in Suisun City. A 60,000-square-foot Raley’s anchor the center, which was home to tenants including Ace Hardware, AutoZone, Dollar Tree, Dunkin Donuts, Mariner Finance and H&R Block at the time of sale. The seller and terms of the transaction were undisclosed. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Inverness-Corners
AlabamaGrocery-anchoredInvestment salesNews

First National Realty Acquires 242,000-Square-Foot Retail Center in Birmingham, Alabama

by Katie Sloan

Birmingham, Ala. — First National Realty Partners has acquired Inverness Corners, a 242,000-square-foot retail center located in Birmingham, for an undisclosed price. A 54,000-square-foot Winn Dixie and a 92,600-square-foot Kohls anchor the property. Additional tenants include Orangetheory Fitness, Mellow Mushroom, Tropical Café, Wing Stop, H&R Block and Enterprise. Zach Taylor of Marcus & Millichap’s Institutional Property Advisors (IPA) division represented the undisclosed seller in the transaction.

Continue Reading
0 FacebookTwitterLinkedinEmail
Arcadia-Crossing_Publix
FloridaGrocery-anchoredInvestment salesNews

SRS Arranges $13.9 Million Sale of Publix-Anchored Shopping Center in Arcadia, Florida

by Katie Sloan

Arcadia, Fla. — SRS Real Estate Partners’ Investment Properties Group has arranged the $13.9 million sale of Arcadia Crossing, a Publix-anchored shopping center about 40 miles east of Sarasota in Arcadia. Kevin Yaryan of SRS’ Orlando office worked with Kyle Stonis and Pierce Mayson of the firm’s Atlanta office to represent the buyer in the transaction. The seller was self-represented. Both parties requested anonymity. The 67,608-square-foot property is situated on 8.2 acres at the intersection of SE Highway 70 and Hog Bay Avenue. In addition to Publix, the center’s tenant roster …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts