Grocery-anchored

DevelopmentGrocery-anchoredNew YorkNewsRetailers

Wegmans to Open 121,000-Square-Foot Supermarket in Harrison, New York

by Alex Tostado

Harrison, N.Y. — Wegmans Food Market will open a 121,000-square-foot supermarket in Harrison, a northern suburb of New York City. The store is known for its wide selection of fresh produce, deli meats, cheeses and fresh baked breads, as well as its devoted following of “Wegmaniac” fans. The store will also house an internal restaurant called The Burger Bar, which will serve made-to-order burgers, sandwiches, salads and other casual cuisine, as well as beer and wine by the glass. Wegmans plans to hire 280 part-time and 220 full-time employees at …

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ColoradoGrocery-anchoredInvestment salesNewsRetailers

Boulder Group Negotiates $14.7 Million Sale of Net-Leased Safeway in Metro Denver

by Alex Tostado

Lone Tree, Colo. — The Boulder Group has negotiated the $14.7 million sale of a single-tenant property net leased to Safeway in Lone Tree. The 55,650-square-foot building is located at 9229 Lincoln Ave. along Interstate 25, 17 miles south of downtown Denver. Thee undisclosed buyer is completing a 1031 exchange while the undisclosed seller is a private REIT. Randy Blankstein and Jimmy Goodman of The Boulder Group represented both the buyer and seller in the transaction. Albertsons Co. guarantees Safeway’s lease.

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CaliforniaFinanceGrocery-anchoredInvestment salesNewsRetailers

GRI Fairmont Receives $19.6 Million Loan for Acquisition of Fairmont Shopping Center in Bay Area

by Alex Tostado

Pacifica, Calif. — GRI Fairmont LLC, an affiliate of First Washington Realty Inc., has received $19.6 million in financing for the acquisition of Fairmont Shopping Center, a retail asset located in Pacifica. The property is situated on 7.5 acres at 705-799 Hickey Blvd. Greg Brown, John Marshall and Bercut Smith of JLL Capital Markets secured the 10-year, fixed-rate loan with PGIM Real Estate Finance for the borrower. Anchored by Safeway, the 102,982-square-foot property was 96 percent leased at the time of sale. Current tenants include Rite Aid, Dollar Tree, Supercuts, …

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Grocery-anchoredInvestment salesNewsOhioRetailers

Broder & Sachse Acquires 70,366-Square-Foot Shopping Center in Hilliard, Ohio

by Alex Tostado

Hilliard, Ohio — Broder & Sachse Real Estate has acquired The Shoppes at Haydens Crossing in Hilliard, a suburb of Columbus. Located at 6700 Hayden Run Blvd., the 70,366-square-foot shopping center is anchored by Giant Eagle. Other tenants include Get Go Café + Market, Marco’s Pizza, Great Clips, Hayden Run Dentistry and Free to Be Me Salon. There is one retail space currently available for lease. Ben Wineman and Amy Holter of Mid-America Real Estate Corp. represented the seller, Pittsburgh-based ECHO Realty. The purchase price was undisclosed.

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ArizonaGrocery-anchoredInvestment salesNewsRetailers

Global Retail Investors Buys 138,476-Square-Foot Shops at Gainey Village in Scottsdale

by Alex Tostado

Scottsdale, Ariz. — An entity formed by Global Retail Investors has acquired The Shops at Gainey Village, an urban village retail asset located in Scottsdale. Located at the southeast corner of Scottsdale and Doubletree Ranch roads, The Shops at Gainey Village features 138,476 square feet of retail space. Sprouts Farmers Market anchors the asset, which is fully occupied. Gainey Village Retail Center, an entity formed by Des Moines, Iowa-based Principal Real Estate Investors, sold the property for an undisclosed price. Michael Hackett and Ryan Schubert of Cushman & Wakefield’s Phoenix office …

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DevelopmentGrocery-anchoredNew YorkNewsRetailers

Lidl Opens 36,000-Square-Foot Grocery Store on Long Island

by Alex Tostado

West Babylon, N.Y. — German grocer Lidl has opened a 36,000-square-foot store at Hubbards Commons, a 65,970-square-foot shopping center in West Babylon on the western part of Long Island. Lidl will offer produce, meat, freshly baked goods and an array of household products. Hubbards Commons is located along Sunrise Highway, which connects Long Island to New York City. The property is now 98 percent leased to tenants including Walgreens, Orangetheory Fitness and Subway. ShopOne is the landlord of Hubbards Commons.

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Grocery-anchoredLeasingMixed-useNewsRetailersWashington DC

Whole Foods Signs 40,000-Square-Foot Retail Lease for The Parks at Walter Reed in D.C.

by Alex Tostado

Washington, D.C. — Whole Foods Market has signed a 40,000-square-foot lease to anchor the Hartley apartment building within The Parks at Walter Reed in northwest Washington, D.C. The Parks is a 3.1 million-square-foot mixed-use development from the partnership of Hines, Urban Atlantic and Triden Development. The Hartley will be the third new construction at the site, alongside two projects underway: The Brooks condominiums and the Vale apartments, which features 18,000 square feet of retail. The Hartley features 323 rental units and 58,000 square feet of retail space. The apartment building will be …

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DevelopmentGrocery-anchoredNewsRetailersVirginia

Wegmans to Develop $175 Million Distribution Campus in Hanover County, Virginia

by Alex Tostado

Ashland, Va. — Rochester, New York-based Wegmans Food Markets Inc. will invest $175 million to establish a new regional distribution operation in Hanover County, 13 miles northeast of Richmond. Located along Sliding Hill and Ashcake roads in Ashland, the new campus will allow the grocer to expand its distribution network on the East Coast and grow its retail footprint, while creating 700 new jobs. Wegmans currently has over 100 stores in New York, Pennsylvania, New Jersey, Virginia, Maryland, Massachusetts and North Carolina. No construction timeline was given for the new Virginia …

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GeorgiaGrocery-anchoredInvestment salesNewsRetailers

CW Capital Sells Publix-Anchored Shopping Center in Metro Atlanta for $14.8 Million

by Alex Tostado

Lawrenceville, Ga. — CW Capital has sold Village Shoppes of Sugarloaf, a 149,805-square-foot retail center in Lawrenceville. Publix anchors the property, which is located at 3330-3410 Sugarloaf Parkway, 30 miles northeast of downtown Atlanta. Village Shoppes was 63 percent leased at the time of sale. Scott Israel, Adam Sklaver and Phil Kates of CBRE represented the seller in the transaction. Branch Properties acquired the asset at a 5.5 percent cap rate.

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Grocery-anchoredInvestment salesNewsRetailersWisconsin

Boulder Group Arranges $2.3 Million Sale of Net Leased Piggly Wiggly Store in Wisconsin

by Alex Tostado

New Holstein, Wis. — The Boulder Group has arranged the $2.3 million sale of a single-tenant property net leased to grocer Piggly Wiggly in New Holstein, about 40 miles south of Green Bay. The 29,651-square-foot building is located at 2243 Calumet Drive. There are more than eight years remaining on Piggly Wiggly’s lease. Randy Blankstein and John Feeney of Boulder represented the seller, a Wisconsin-based partnership. A Midwest-based individual purchased the asset while completing a 1031 tax-deferred exchange.

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