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Grocery-anchored

The Shops at Ledgebrook
ConnecticutGrocery-anchoredInvestment salesNews

Marcus & Millichap Brokers $14.1 Million Sale of Shopping Center in Winsted, Connecticut

by Abby Cox

Winsted, Conn. — Marcus & Millichap has brokered the $14.1 million sale of The Shops at Ledgebrook located in Winsted, approximately 24 miles southeast of Hartford. Built in 1989, the center totals 105,499 square feet and sits on 14 acres. The property — which is anchored by a 52,704-square-foot Stop & Shop Supermarket — features tenants including Webster Bank, Ledgebrook Spirit Shop, Community Residences Inc., Sophia’s Pizza Restaurant and China Delight. Joseph French Jr. and Kodi Traver of Marcus & Millichap represented the seller, a New York-based private investor and …

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FinanceGrocery-anchoredIllinoisNews

JLL Secures $41.7 Million Financing of Shopping Center in Wheaton, Illinois

by Abby Cox

Wheaton, Ill. — JLL Capital Markets has secured a $41.7 million financing of Danada Square West, a 314,819-square-foot grocery-anchored shopping center located in Wheaton, roughly 25 miles west of Chicago. DLC Management Corp. is the borrower. Constructed in 1988, the center — which was 92.7 percent leased at the time of sale — is anchored by Jewel-Osco. Other tenants at the property include T.J. Maxx, HomeGoods, Burlington, The Paper Store, Ulta Beauty and Five Below. Scott Aiese, Christopher Knight and Alex Staikos of JLL represented the borrower in arranging the …

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Morris Marketplace
DevelopmentGrocery-anchoredInvestment salesNew JerseyNews

IPA Brokers Sale of 85,513-Square-Foot Shopping Center in Northern New Jersey

by Abby Cox

Morristown, N.J. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the sale of Morris Marketplace, a newly developed 85,513-square-foot shopping center located in Morristown, roughly 25 miles west of New York City. The center, which is shadow-anchored by Lidl Supermarket and Burlington, was fully leased at the time of sale with more than 35 restaurant and service-oriented tenants, including Wells Fargo and Panda Express. Brad Nathanson and JP Colussi of IPA represented the seller and developer, DeVimy Equities, and procured the Ohio-based buyer, Last Mile …

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Rancho Encanto
ArizonaGrocery-anchoredInvestment salesNews

Kidder Mathews Facilitates $10.6 Million Sale, Secures Management of Retail Center in Phoenix

by Abby Cox

Phoenix — Kidder Mathews has facilitated the $10.6 million sale of Rancho Encanto, a retail center located in Phoenix. Darren Tappen, Nathan Thinnes, Pete Beauchamp, and Patrick Gardner of Kidder Mathews represented both the seller, Dayanim Real Estate Corporation, and the buyer, Junam Enterprises, Inc., in the transaction. Kidder will manage the 70,439-square-foot property — which is anchored by Smart & Final and Aaron’s — on behalf of Junam Enterprises.

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Wyomissing Wawa
Grocery-anchoredInvestment salesNew JerseyNewsPennsylvania

CBRE Arranges $14.7 Million Sale of Three Retail Properties in Suburban Philadelphia

by Abby Cox

Wyomissing, Pa and Voorhees Township, N.J. — CBRE has arranged the sale of three retail properties located in Wyomissing and Voorhees Township, totaling approximately $14.7 million. The properties include a stand-alone Wawa convenience store and gas station in Wyomissing and two retail centers at Cedar Hill Shopping Center in Voorhees Township. The Wawa location — which sold for $7.37 million — totals 5,051 square feet and is situated in The Knitting Mills, a 54-acre mixed-use redevelopment project in Wyomissing that houses UGI Energy Services’ Corporate Headquarters. The retail strip centers …

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Big Y World Class Market
Grocery-anchoredInvestment salesMassachusettsNews

Chozick Realty Facilitates $11.1 Million Sale of Shopping Center in Southbridge, Massachusetts

by Abby Cox

Southbridge, Mass. — Chozick Realty Inc. has facilitated the $11.1 million sale of Southbridge Fair, a 113,500-square-foot retail property located in Southbridge. Big Y World Class Market anchors the center, which was originally built on 13 acres in 1972 and renovated in 1996. The shopping center was fully leased at the time of sale. Additional tenants at the property include Advance Auto Parts, Aubuchon Hardware, McDonald’s, Family Dollar and Great Clips. Tom Boyle of Chozick Realty represented the undisclosed seller and procured the buyer in the transaction.

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Cahaba Crossing
AlabamaFinanceGrocery-anchoredNews

CBRE Secures $15 Million Refinancing for Shopping Center in Birmingham, Alabama

by Abby Cox

Irondale, Ala. — CBRE has secured a $15 million loan to refinance Cahaba Crossing, a 67,874-square-foot shopping center located in the Birmingham suburb of Irondale. Construction of the property was completed in 2023. A 48,837-square-foot Publix supermarket anchors the property. The 9.8-acre property, which is fully leased, comprises 10 tenants including The UPS Store, Starbucks Coffee and Heartland Dental. Additionally, there is a 1.45-acre outparcel reserved for future development. Carmel, Indiana-based 40|86 Advisors provided the five-year fixed-rate, interest-only loan. Richard Henry, Mike Ryan, Brian Linnihan and JP Cordiero of CBRE …

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Wallbrook
DevelopmentGrocery-anchoredLeasingMixed-useNewsNorth Carolina

Crosland, Core Sound Sign 11 Tenants to Mixed-Use Project in North Carolina

by Abby Cox

Rolesville, N.C. — Crosland Southeast and Core Sound Development has signed 11 new tenants to Wallbrook, an 80-acre mixed-use development located in Rolesville, roughly 17 miles northwest of Raleigh. Publix will anchor the property, which is scheduled to open its initial phase in mid-2025. The developers have pre-leased 21,000 square feet to tenants including restaurants, a dental practice, hair salon, massage parlor and Pilates gym. Additionally, Fifth Third Bank has signed a ground lease at the development outparcel. Approximately 9,000 square feet of space is still available for lease at …

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Mountain’s Edge Marketplace
Grocery-anchoredInvestment salesNevadaNews

CBRE Arranges $50.3 Million Sale of Shopping Center in Las Vegas

by Abby Cox

Las Vegas — CBRE has arranged the $50.2 million sale of a 115,037-square-foot portion of Mountain’s Edge Marketplace, a 250,000-square-foot shopping center located within the master-planned community of Mountain’s Edge in Las Vegas. Built in 2016, the property is situated on roughly 14.8 acres. Tenants at the center, which was 98 percent leased at the time of sale, include Ross Dress for Less, Planet Fitness, Starbucks Coffee, Supercuts, The UPS Store, China A Gogo and T-Mobile. The sale excluded the parcel occupied by Albertsons, as well as multiple single-tenant parcels. …

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Allendale Town Center
Company newsGrocery-anchoredLeasingNew JerseyNews

Ritual Fitness Signs 3,206-Square-Foot Lease at Shopping Center in Allendale, New Jersey

by Abby Cox

Allendale, N.J. — Fitness studio Ritual Fitness has signed a 3,206-square-foot lease at Allendale Town Center in Allendale, bringing the property to full occupancy. Azarian Realty Co. leases and manages the 79,374-square-foot retail center, which comprises 20 tenant spaces, as well as an 11,290-square-foot freestanding building. Acme Supermarkets anchors the property. Kevin Pelio of Azarian represented both the landlord and the tenant in the lease negotiations.

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