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Investment sales

The Markets at Town Center
FinanceFloridaGrocery-anchoredInvestment salesNews

Kimco Realty Acquires 254,000-Square-Foot Shopping Mall in Jacksonville, Florida

by Abby Cox

Jacksonville, Fla. — Kimco Realty has acquired The Markets at Town Center, a 254,000-square-foot shopping mall located in Jacksonville, for $108 million. Sprouts Farmers Market anchors the property, which was built in 2008. Other tenants at the center, which was 97 percent leased at the time of sale, include Ulta Beauty, Cooper’s Hawk Winery & Restaurant, Five Below, REI, J. Crew, Ballard Designs, Nordstrom Rack, DXL Big & Tall, Gen Korean BBQ House and Chipotle Mexican Grill. Kimco acquired the property through its Structured Investment Program, which provides mezzanine financing …

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Short Pump Shopping Center
Grocery-anchoredInvestment salesNewsVirginia

Wafra Sells 91,369-Square-Foot Short Pump Shopping Center in Metro Richmond

by Abby Cox

Short Pump, Va. — Wafra Inc. has sold Short Pump Station, a 91,369-square-foot shopping center in Short Pump, located roughly 10 miles northwest of Richmond. Nuveen Real Estate acquired the property for nearly $55 million, making the center the investor’s second acquisition in the Richmond metro area. Situated on 147 acres, the retail development is anchored by Trader Joe’s. Other tenants at the property include Ulta Beauty and Petco. John Owendoff of Cushman & Wakefield, along with Catharine Spangler of Cushman & Wakefield | Thalhimer, represented Wafra in the transaction. …

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Harbour Lake Plaza
FinanceGrocery-anchoredInvestment salesNewsSouth Carolina

Marcus & Millichap Arranges $8 Million Sale of Retail Center in Metro Charleston

by Abby Cox

Goose Creek, S.C. — Marcus & Millichap has arranged the $8 million sale of Harbour Lake Plaza, a 62,198-square-foot retail center located in Goose Creek, roughly 20 miles outside Charleston. Food Lion anchors the center, which occupies 51 percent of the property. The center was 97 percent leased at the time of sale to tenants including Rent-A-Center, Cricket Wireless and H&R Block. David Gant and Lori Schneider of Marcus & Millichap represented the seller, a private investor, in the transaction. Ani Paulson and Allyssa Paragano of The AP Group procured …

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Winter Haven Citi Centre
FloridaInvestment salesNews

Atlantic Capital Arranges $8.2 Million Sale of Shopping Center in Winter Haven, Florida

by Abby Cox

Winter Haven, Fla. — Atlantic Capital Partners (ACP) has arranged the $8.2 million sale of Winter Haven Citi Centre in Winter Haven, roughly 47 miles southwest of Orlando. Belk and Staples anchor the shopping center, which comprises 185,705 square feet situated on 16.2 acres. The property was 51 percent leased at the time of sale. Fred Victor, Justin Smith, Sam Koonce, Chris Peterson, Teddy Driscoll, Greg Godino, Ross Waters and Matt Austin of ACP represented the undisclosed seller in the transaction. BSD Capital was the buyer. 

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Edgewater Public Market
ColoradoInvestment salesNews

CentrePoint Acquires 76,000-Square-Foot Retail Center in Metro Denver

by Abby Cox

Edgewater, Colo. — CentrePoint Properties has acquired Edgewater Public Market, a 76,000-square-foot retail center located in Edgewater, roughly five miles outside downtown Denver. Opened in 2019 within a building formerly occupied by King Soopers, the center comprises a food hall and 17 retail tenants, as well as three additional buildings leased to tenants including Shake Shack, Syrup, Veterinary Emergency Group and Adelita’s Cocina y Cantina. LCP Development, an affiliate of LCP Management, was the developer and seller.

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The Orchards
ColoradoGrocery-anchoredInvestment salesNews

Sterling Acquires 159,272-Square-Foot Shopping Center in Metro Denver

by Abby Cox

Greenwood Village, Colo. — Sterling Organization has acquired The Orchards, a 159,272-square-foot shopping center located in Greenwood Village, roughly 10 miles south of Denver. A 78,000-square-foot King Soopers store anchors the property. Sterling purchased the center on behalf of its $267 million Sterling United Properties II LP (SUP II) fund. SUP II’s portfolio now includes approximately 2 million square feet across 16 properties.

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Waldorf Park
Investment salesMarylandNews

SRS Arranges Sale of 35,935-Square-Foot Retail Property in Waldorf, Maryland

by Abby Cox

Waldorf, Md. — SRS Real Estate Partners has arranged the $6.3 million sale of The Shoppes at Waldorf Park, a retail property situated within the larger Waldorf Park shopping center in Waldorf. Starbucks Coffee anchors the 8,484-square-foot property, which was built in 2022. Other tenants at the site include Crumbl Cookies, Jersey Mike’s and Aspen Dental. Andrew Fallon, Rick Fernandez, Ed Laycox and Philip Wellde Jr. of SRS represented the seller, Republic Land Development, in the transaction. TD Bank provided acquisition financing on behalf of the Maryland-based buyer.

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Investment salesNewsTexas

Headwall Investments Purchases 15,182-Square-Foot Retail Center in Sugar Land, Texas

by Abby Cox

Sugar Land, Texas — Headwall Investments has acquired Old Mill Retail Center, a 15,182-square-foot retail center located in Sugar Land. Tenants at the property include Pepperoni’s Pizza, Primera Professional Pharmacy, MTea & Coffee and Floors for Living. This marks Headwall’s second property in metro Houston and sixteenth in the state. Headwall’s portfolio now comprises more than 584,000 square feet of retail space with over 175 tenant spaces.

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Bridgepointe Shopping Center
CaliforniaInvestment salesNews

JLL Brokers $127 Million Sale of Shopping Center in San Mateo, California

by Abby Cox

San Mateo, Calif. — JLL Capital Markets has brokered the $127 million sale of Bridgepointe Shopping Center in San Mateo, roughly 20 miles south of San Francisco. Originally developed in 1988 and renovated in 2023, the 231,700-square-foot property spans 23.7 acres. Tenants at the center, which was fully leased at the time of sale, include Ross Dress for Less, Marshalls, Nordstrom Rack, Total Wine & More, Chick-fil-A, Five Below and The Container Store. Eric Kathrein, Daniel Tyner, Geoff Tranchina, Greg Lvovich, Warren McClean and Danny Finkle of JLL Capital Markets …

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Ridgemont Shopping Center
Grocery-anchoredInvestment salesNew JerseyNews

Marcus & Millichap Facilitates $17 Million Sale of Retail Center in Park Ridge, New Jersey

by Abby Cox

Park Ridge, N.J. — Marcus & Millichap has facilitated the $17 million sale of Ridgemont Shopping Center in Park Ridge, roughly 25 miles west of Newark. Lidl anchors the 71,650-square-foot retail property, which was built in 1962. Other tenants at the property, which was fully leased at the time of sale, include Staples, Chase Bank and Starbucks Coffee. Alan Cafiero, David Cafiero and John Moroz of Marcus & Millichap and Bill Farkas of Jeffery Realty represented the seller and procured the buyer in the transaction.

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