Investment sales

Riggs-Marketplace-Chandler-AZ
ArizonaFinanceGrocery-anchoredInvestment salesNews

A&C Properties Sells Grocery-Anchored Retail Portfolio in Arizona for $108.7 Million

by Abby Cox

Chandler, Cave Creek, Gilbert, Mesa and Tucson, Ariz. — A&C Properties Inc. has completed the sale of a grocery-anchored retail portfolio in Phoenix and Tucson, to 11North Partners for $108.7 million. Totaling 422,949 square feet, the seven-property portfolio is currently 96 percent occupied with Fry’s Food & Drug as anchor tenant. The portfolio includes Gilbert Fiesta Marketplace, Shops at Gilbert Fiesta and Township Plaza in Gilbert; Riggs Marketplace in Chandler; Lindsay Marketplace in Mesa; Tatum Plaza in Cave Creek and Randolph Plaza in Tucson. Patrick Dempsey, Tess Berghoff and Ross Jorgensen …

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Village Shopping Center
Investment salesIowaNewsOhio

United Properties Acquires Two Retail Centers in Iowa, Ohio for $34.4 Million

by Abby Cox

Davenport, Iowa and Mansfield, Ohio — East Meadow, New York-based United Properties Corp. has acquired two retail centers in Iowa and Ohio for a total price of $34.4 million. The company now owns more than 10 million square feet of retail. Village Shopping Center in Davenport totals 233,100 square feet. The sales price was $23.9 million. Anchored by Ross Dress for Less, Ollie’s Bargain Outlet, Five Below and Pet Supplies Plus, the property is 91 percent occupied. Appleseed Center in Mansfield totals 147,254 square feet. The purchase price was $10.5 …

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Mizner-Park
FloridaInvestment salesMixed-useNews

Joint Venture Acquires 838,840-Square-Foot Mizner Park in Boca Raton, Plans Multimillion-Dollar Renovation

by Abby Cox

Boca Raton, Fla. — A joint venture between CP Group, The Georgetown Co., private equity firm ACRE and investment firm StepStone Group has acquired Mizner Park, an 838,840-square-foot, open-air mixed-use development located in downtown Boca Raton. The new ownership group is planning to implement a multimillion-dollar renovation for the 35-year-old complex. JLL represented the seller, Brookfield Properties, and secured financing through Blackstone for the transaction. Brookfield, which acquired Mizner Park via the company’s acquisition of General Growth Properties (GGP) in 2018. The sales price was not disclosed, but the property …

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Paddock-Shops_Louisville
Grocery-anchoredInvestment salesKentuckyNews

Kimco Realty Acquires Two Grocery-Anchored Shopping Centers in Louisville for $295 Million

by Abby Cox

Louisville, Ky. — Kimco Realty has purchased two grocery-anchored shopping centers in Louisville’s East End neighborhood for a combined $295 million. The New York-based owner-operator acquired the properties, the 351,000-square-foot Paddock Shops and the 390,000-square-foot Shelbyville Road Plaza, using 1031 exchange proceeds from dispositions made earlier in the year. The sellers were not released, but Louisville Business First reported that Hagan Properties was the previous owner of Shelbyville Road Plaza and a joint venture between CBRE Strategic Partners U.S. Value 9 and Fairbourne Properties purchased Paddock Shops in 2023. Paddock …

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Dahlonega-Village_Publix
GeorgiaGrocery-anchoredInvestment salesNews

JLL Arranges $21.2 Million Sale of Publix-Anchored Center in Dahlonega, Georgia

by Abby Cox

Dahlonega, Ga. — JLL has arranged the sale of Dahlonega Village, a 65,242-square-foot, Publix-anchored center located in Dahlonega, which sits 65 miles northeast of Atlanta. A private investor purchased the property from Watkins Real Estate Group for $21.2 million. Jim Hamilton, Brad Buchanan and Charlie Merrigan of JLL represented the seller in the transaction, and Austin Sumner Properties represented the buyer. Built in 2024, Dahlonega Village sits on 13.4 acres and has direct access to Ga. Highway 400. The grocery-anchored shopping center was fully leased at the time of sale to tenants …

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Live-Oak-Village_Gulf-Breeze
FloridaInvestment salesNews

Colliers Negotiates $14 Million Sale of Shopping Center in Gulf Breeze, Florida

by Abby Cox

Gulf Breeze, Fla. — Colliers has negotiated the $14 million sale of Live Oak Village, a 107,065-square-foot shopping center located in Gulf Breeze, a beach town in Florida’s Panhandle. Brad Peterson and Whitaker Leonhardt of Colliers represented the seller, Exposition Properties, in the transaction. Chris Dozier of Kuebel Realty Co. represented the buyer, Dorsey Development. United Community Bank provided an acquisition loan for the New Orleans-based buyer. Live Oak Village is anchored by a dual-branded Bealls and Home Centric. Bealls has operated at the center for 28 years, and Home …

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tices-corner
Investment salesNew JerseyNews

Cushman & Wakefield Arranges $109.5 Million Sale of Tice’s Corner in Northern New Jersey

by Abby Cox

Woodcliff Lake, N.J. — Cushman & Wakefield has arranged the $109.5 million sale of Tice’s Corner, a 120,000-square-foot lifestyle center located in the Northern New Jersey community of Woodcliff Lake. The sale was one of the largest single-asset retail transactions of the past decade in New Jersey, according to Cushman & Wakefield. Anchored by Apple, additional tenants at the center include Pottery Barn, J. Crew, Madewell, Anthropologie and Free People, along with dining and specialty shops. Joanna R. Manfro of Cushman & Wakefield represented the buyer, WS Development, in the transaction. …

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Eastvale Gateway South
CaliforniaInvestment salesNews

CBRE Brokers $18.3 Million Sale of Five Retail Properties in Eastvale, California

by Abby Cox

Eastvale, Calif. — CBRE has facilitated the $18.3 million sale of five retail properties at Eastvale Gateway South, a retail portfolio located at 12464-12574 Limonite Ave. in Eastvale. Edward Matevosian, Cray Carlson and Jenny Eng of CBRE represented the seller in the transactions and also represented the multiple buyers. Situated on 5.4 acres and totaling 236,096 square feet, the transactions include:

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tucker-meridian
GeorgiaGrocery-anchoredInvestment salesNews

Colliers Negotiates Sale of 207,000-Square-Foot Grocery-Anchored Center in Metro Atlanta

by Abby Cox

Tucker, Ga. — Colliers has negotiated the sale of Tucker Meridian Shopping Center, a 207,000-square-foot community center located in Tucker, roughly 20 miles northeast of Atlanta. The property traded for an undisclosed price but was one of the largest retail investment transactions completed in Dekalb in recent years, according to Colliers. Tucker Meridian Shopping Center is anchored by a mix of national retailers including Sprouts Farmers Market, Dick’s Sporting Goods, Hobby Lobby, Ross Dress for Less and DSW. The property was approximately 98.7 percent leased at the time of sale. Henry …

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Triangle Town Place
Investment salesNewsNorth Carolina

Heidenberg Properties Acquires 148,538-Square-Foot Center in Raleigh, North Carolina

by Abby Cox

Raleigh, N.C. — Heidenberg Properties, along with Norse Realty Group and DG Raleigh, have acquired Triangle Town Place, a 148,538-square-foot shopping center located in Raleigh. The property, which was more than 94 percent occupied at the time of sale, is anchored by a 75,000-square-foot Dick’s Sporting Goods and a 31,067-square-foot Nordstrom Rack. Other tenants at the center include DSW and Dollar Tree. The seller was Atlanta-based RCG Ventures.

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