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Villages-of-Blaine
Grocery-anchoredInvestment salesMinnesotaMissouriNews

First Washington Realty Acquires Two Midwest Shopping Centers for $65 Million

by Abby Cox

Blaine, Minn. and Liberty, Mo. — First Washington Realty (FWR) has acquired two grocery-anchored shopping centers in Minnesota and Missouri for a combined value in excess of $65 million. The acquisitions expand FWR’s portfolio to 21.9 million square feet across 21 states. The Village of Blaine is a 220,685-square-foot center in Blaine, Minnesota, and Liberty Corners is a 124,808-square-foot property anchored by a 56,000-square-foot Cosentino’s Price Chopper store in Liberty, Missouri. Additional tenants include Chipotle Mexican Grill and The Big Biscuit.

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Water-Tower
Grocery-anchoredInvestment salesNewsPennsylvania

CBRE Arranges Sale of 269,018-Square-Foot Grocery-Anchored Center in Metro Philadelphia

by Abby Cox

Montgomeryville, Pa. — CBRE has arranged the sale of Water Tower Center, a 269,018-square-foot grocery-anchored center located in Montgomeryville, roughly 32 miles north of Philadelphia. A newly formed joint venture between ECHO Realty and TPG was the buyer. Chris Munley, Colin Behr, Ryan Sciullo and Casey Smith of CBRE represented the seller, The Goldenberg Group, in the transaction. Tenants at the center include Sprouts Farmers Market, The Home Depot, Planet Fitness, Flagship Cinemas, Bob’s Discount Furniture, World Market and Miller’s Ale House.

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eldridge-town-center
Grocery-anchoredInvestment salesNewsTexas

Forge Capital, Sembler Co. Acquire Kroger-Anchored Center in Houston

by Abby Cox

Houston — Forge Capital Partners and The Sembler Co., through its Forge Real Estate Partners V investment fund, have acquired Eldridge Town Center, a 144,000-square-foot shopping center located in northwest Houston. Kroger anchors the property, which was 96 percent leased at the time of sale. Other tenants include Petco, Panera Bread, Chase Bank, Chipotle Mexican Grill, GNC, T-Mobile and Supercuts, among others. Eldridge Town Center was built in 2000. Through their investment funds, Sembler and Forge have now acquired 26 shopping centers together across Florida, Georgia, North Carolina, Tennessee, Virginia and …

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harris-teeter-storefront
DevelopmentNewsNorth CarolinaRetailersSouth Carolina

Harris Teeter Plans $253 Million Investment to Enhance Stores, Expand in Carolinas

by Abby Cox

Matthews, N.C. — Harris Teeter plans to invest approximately $253 million over the next three years to refresh and modernize select stores in North Carolina and South Carolina. The investment also includes the development of three new stores. Renovations and enhancements are planned for locations in Fort Mill and Rock Hill, South Carolina; and Matthews, Waxhaw, Concord and Huntersville, North Carolina; along with many other communities across the region. In addition, Harris Teeter plans to open three new stores in Fort Mill and Lake Wylie, South Carolina, and Kannapolis, North …

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Quarry-Square
Investment salesMassachusettsNews

Atlantic Capital Partners Negotiates $10 Million Sale of Quarry Square in Metro Boston

by Abby Cox

Milford, Mass. — Atlantic Capital Partners has negotiated the $10 million sale of Quarry Square, a 56,004-square-foot neighborhood center located in Milford, roughly 30 miles southwest of Boston. The property was fully leased at the time of sale to 17 tenants including The Gym @ Milford, TD Bank, The UPS Store, Sports Clips and Miracle-Ear. Justin Smith, Chris Peterson, Danielle Turpin and Matt Ericson of Atlantic Capital Partners represented the seller, RJ Kelly Co., in the transaction. NAI Glickman Kovago & Jacobs represented the buyer, KBG Realty Properties LLC.

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university-shopping-center
CaliforniaGrocery-anchoredInvestment salesNews

Sigmund Cos., Shoreline Street Partners Acquire Grocery-Anchored Center in Metro Los Angeles for $17.6 Million

by Abby Cox

Thousand Oaks, Calif. — The Sigmund Cos. (TSC), in partnership with Shoreline Street Partners, has acquired University Shopping Center, a 37,992-square-foot retail property located in Thousand Oaks, roughly 38 miles west of Los Angeles, for $17.6 million. Trader Joe’s anchors the property, which features a mix of additional tenants such as Fresh Donuts, 3Tails Dog Salon, PJ’s Pub, Allegro Pizza, Imperial Garden Chinese Restaurant and Launderland, among others. University Shopping Center was 83 percent leased at the time of sale. The property was acquired in two separate transactions. The first …

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DevelopmentNewsTennessee

GBT Realty to Develop 300,000-Square-Foot Retail Center in Metro Nashville, Tennessee

by Abby Cox

Gallatin, Tenn. — GBT Realty Corp. has announced plans to develop The Crossroads of Gallatin, a 300,000-square-foot shopping center located in Gallatin, approximately 30 miles northeast of Nashville. Current development plans include roughly 30,000 square feet of divisible shop space, multiple large format retail spaces ranging up to 55,000 square feet and six outparcels. The Brentwood, Tennessee-based developer is currently in discussion with multiple dining, retail, health and fitness and service-based retailers and restaurants. Upon full build-out, The Crossroads of Gallatin will be the largest shopping destination constructed in the Nashville MSA …

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outlets-of-mississippi
LeasingMississippiNews

Three Retailers to Open at The Outlets of Mississippi in Metro Jackson

by Abby Cox

Pearl, Miss. — Three retailers are opening stores at The Outlets of Mississippi, a 325,000-square-foot open-air center located in Pearl, roughly five miles outside of Jackson. Seasonal pop-up retail chain Spirit Halloween recently opened a 7,556-square-foot store at the center. Toys “R” Us will open a 4,645-square-foot store this month and Clarks will open a 3,000-square-foot location in the fourth quarter of this year. The new leases are part of an ongoing revitalization of the center that has welcomed other national and regional brands including Ulta Beauty, Southern Marsh, Bath & …

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Uptown-Landing
DevelopmentFloridaMixed-useNews

University of South Florida, Partners Break Ground on $500 Million Mixed-Use Project in Tampa

by Abby Cox

Tampa, Fla. — The University of South Florida (USF) and its development partners have broken ground on the $500 million first phase of Uptown Landing, a new mixed-use project situated within walking distance of the planned USF on-campus football stadium.  The first phase of the project comprises 30 acres and will include 717 beds of student housing; 152 apartments reserved for graduate students and USF employees; four to six restaurant venues; 68,000 square feet of retail space; a hotel and conference center and academic research facilities.  Delivered through a master development …

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Kimco-JV-Retail-Portfolio
ArizonaCaliforniaFinanceGeorgiaGrocery-anchoredNews

JLL Arranges $154.1 Million Financing for Six-Property Retail Portfolio Spanning Three States

by Abby Cox

California — JLL has arranged $154.1 million in financing for a six-property, 1.3 million-square-foot retail portfolio spanning California, Arizona and Georgia. Chris Drew, John Marshall, Wells Waller, Jarrod Howard, Gabriel Davenport and Preston Bacon of JLL secured financing for the borrowers, Kimco Realty Corp. and an institutional joint venture partner advised by J.P. Morgan Asset Management. The portfolio includes Morena Plaza in San Diego, Rancho San Diego in El Cajon, and Vail Ranch Plaza and Redhawk Towne Center in Temecula, California; North Decatur Station in Decatur, Georgia; and The Summit at …

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