Cincinnati and Pittsburgh — The Kroger Co. and Giant Eagle, Inc. have entered into a definitive agreement in which Kroger will acquire Giant Eagle, a family-owned food and pharmacy retailer. The company operates 197 supermarkets and 11 standalone pharmacies across northern Ohio, western Pennsylvania, West Virginia, Maryland and Indiana. The transaction has been unanimously approved by Kroger’s board of directors. The purchase price will be $1.65 billion, comprised of $1.25 billion in cash and the assumption of approximately $400 million in outstanding liabilities. In connection with obtaining the requisite regulatory clearance necessary to …
Investment sales
Phoenix Commercial Advisors Arranges $10.7 Million Sale of Retail Center in Surprise, Arizona
Surprise, Ariz. — Phoenix Commercial Advisors has arranged the $10.7 million sale of Grand Village Center, a 52,685-square-foot retail property located in Surprise, roughly 30 miles northwest of Phoenix. The center traded for $203 per square foot. John Schweikert and Chad Tiedeman of Phoenix Commercial Advisors represented the undisclosed seller in the deal. Built in 2005, Grand Village Center was 97 percent leased at the time of sale to a mix of tenants including Master Taco, Hungry Howie’s Pizza, Church for the Nations and Zona Communications. Elevate Trampoline Park anchors …
Atlantic Capital Partners Brokers $10.2 Million Sale of 103,494-Square-Foot Shopping Center in Western Massachusetts
Springfield, Mass. — Atlantic Capital Partners has brokered the $10.2 million sale of Boston Commons, a 103,494-square-foot shopping center located in the western Massachusetts city of Springfield. Kohl’s anchors the property, which was 98 percent leased at the time of sale. Other tenants include CVS Pharmacy, Family Dollar and T-Mobile. Justin Smith, Chris Peterson, Danielle Turpin and Matt Ericson of Atlantic Capital Partners represented the seller in the transaction.
Hanley Investment Group Negotiates $4.6 Million Sale of Two-Tenant Retail Property in Victorville, California
Victorville, Calif. — Hanley Investment Group Real Estate Advisors has negotiated the $4.6 million sale of a two-tenant retail property located in Victorville, approximately 35 miles north of San Bernardino. Located at 13720 Bear Valley Road, the 19,300-square-foot building was formerly occupied by Rite Aid and renovated in 2024. The property is currently leased to AutoZone and Dollar Tree on new 10-year triple-net leases and is situated within a Stater Bros.-anchored shopping center. Bill Asher and Kevin Fryman of Hanley Investment Group represented the seller, a Los Angeles-based private investor, in …
Marcus & Millichap Brokers $3.7 Million Sale of Three-Tenant Retail Property in Lexington, South Carolina
Lexington, S.C. — Marcus & Millichap has brokered the $3.7 million sale of 808 U.S. 378, a three-tenant retail property located in the Columbia suburb of Lexington. The 7,000-square-foot center is fully occupied by a nail salon, Lexington Modern Dentistry and My Pharmacy & Optical, and is situated adjacent to Hendrix Crossing, a Publix-anchored shopping center. Seth Goldberg, Alan Cafiero and Brent Hyldahl of Marcus & Millichap procured the buyer, a New Jersey-based private investor, in the transaction. Ben Yelm was the firm’s broker of record in South Carolina.
Miami Gardens, Fla. — Golden Horizon Terryville Corp. has acquired Miami Gardens Center, a 52,467-square-foot shopping center located in Miami Gardens, roughly 16 miles north of downtown Miami, for $11.1 million. Built in 2006 near Hard Rock Stadium, the two-building retail center was fully leased at the time of sale to tenants including Cano Health, CareerSource South Florida and Montessori School of Miami Gardens. The property also features a separately configured four-tenant outparcel that is occupied by Dunkin’/Baskin Robbins, Metro by T-Mobile, Di Angelo’s Pizza and a local smoke shop. Kirk …
Cravey Real Estate Negotiates Sale of 8,750-Square-Foot Retail Center in Corpus Christi, Texas
Corpus Christi, Texas — Cravey Real Estate Services has negotiated the sale of King’s Court, an 8,750-square-foot neighborhood center located at 7626 Staples St. in Corpus Christi. Constructed in 2005, King’s Court is home to a mix of tenants including Peerless Cleaners, Cali Nails, King’s Barber and Baare BBQ, which recently completed a restaurant buildout and signed a new lease. Patricia Chavez of Keller Williams Heritage represented the buyer, Vista Bella Investments, LP. Lynann Pinkham of Cravey Real Estate Services represented the seller, who has historically overseen leasing for the property …
Marcus & Millichap Negotiates $2.6 Million Sale of Three-Tenant Retail Center in McHenry, Illinois
McHenry, Ill. — Marcus & Millichap has negotiated the $2.6 million sale of Diamond Plaza, a 7,035-square-foot retail center located in McHenry, roughly 50 miles northwest of Chicago. Built in 2009, the three-tenant property was fully occupied by Verizon, Biggby Coffee and Lacey’s Place at the time of sale. Adrian Mendoza, Sean Sharko and Austin Weisenbeck of Marcus & Millichap represented the seller, a family trust, and procured the buyer, a private investment group.
Geneva, Ill. — Quantum Real Estate has brokered the sale of 1310 Commons Drive, an 88,000-square-foot retail center located in Geneva, about 40 miles west of Chicago. The property consists of four multi-tenant buildings, as well as two single-tenant buildings, and features a mix of tenants including First Watch, California Pizza Kitchen, Sleep Number, Five Guys and Jamba Juice, among others. The property was roughly 98 percent leased at the time of sale. The buyer was a global real estate investment manager, and the seller was an investment fund based …
Chicago — Curbline Properties has acquired Clybourn Center, a 33,140-square-foot unanchored retail strip center located in the Lincoln Park neighborhood of Chicago. Clybourn Center was 91.2 percent leased at the time of sale to tenants including Physicians’ Immediate Care, Premier Allergy and Metro Infusion. The property also features 86 parking spaces. Michael Nieder and Brian Page of JLL represented the seller in the transaction. Steve Schwartz, also of JLL, handles leasing efforts at the property.