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Morrison Ranch
ArizonaCompany newsDevelopmentGrocery-anchoredNews

Barclay Group Develops Seven New Grocery-Anchored Shopping Centers

by Abby Cox

Phoenix — Barclay Group has developed a total of seven Kroger-anchored shopping centers in Arizona and Colorado, with six of the seven shopping centers located in the greater Phoenix area. The most recent deliveries featured two openings in January 2025, including Flying Horse in Colorado Springs, Colorado, and Morrison Ranch in Gilbert, Arizona. The final two openings — Heritage West in Buckeye, Arizona, and Sycamore Farms in Surprise, Arizona — are scheduled for completion this year. Barclay Group’s expansion into the Phoenix market within the past 15 months is part …

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Sterling Grove Shopping Center
ArizonaFinanceGrocery-anchoredNews

JLL Arranges $16.5M Financing for Shopping Center in Surprise, Arizona

by Abby Cox

Surprise, Ariz. — JLL has arranged $16.5 million in senior financing for Sterling Grove Shopping Center, a 106,000-square-foot grocer-anchored retail property located in Surprise, roughly 30 miles northwest of Phoenix. Developed in 2023, the center is situated on 19 acres and features a 63,290-square-foot Safeway as the anchor tenant, as well as 22,500 square feet of connected retail space spanning five buildings. Additional tenants at the property — which was fully leased at the time of sale — include a Safeway Fuel station, McDonald’s, Starbucks Coffee and Taco Bell.   …

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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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ArizonaGrocery-anchoredInvestment salesNews

Flying Horse Investments Acquires 53,630-Square-Foot Retail Center in Metro Phoenix

by Abby Cox

Mesa, Ariz. — Flying Horse Investments (FHI) has acquired Fiesta Palms Shopping Center, a 56,630-square-foot retail center located in Mesa, roughly 20 miles outside Phoenix. A specialty grocer anchors the property, which was 83 percent leased at the time of sale. 1st Century Bank, a division of MidFirst Bank, provided acquisition financing, and Justin Weissman of 1st Century Bank arranged the bridge loan on behalf of the buyer. A local family was the seller. FHI plans to collaborate with Pegasus Capital Markets to secure permanent financing for the property.

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ArizonaFinanceFloridaIllinoisNewsOhioOregon

Pine Tree Secures $247 Million Loan for Shopping Center Portfolio

by Hayden Spiess

Oak Brook, III. —  Pine Tree has received a $247 million loan from New York Life Real Estate Investors for portfolio of six shopping centers located in Florida, Arizona, Oregon and Ohio. Pine Tree acquired the properties earlier this year in partnership with an undisclosed state pension fund for $495 million. The centers include The Fountains in Plantation, Florida (430,000 square feet); Arrowhead Crossing in Phoenix (362,000 square feet); Easton Market (501,000 square feet) and Polaris Towne Center (459,000 square feet) in Columbus, Ohio; Kenwood Square in Cincinnati (424,000 square feet); and Tanasbourne Town Center in Hillsboro, Oregon (300,000 square feet). Tenants at the centers, which were 95 percent leased at the time of financing, include Nordstrom Rack, Ulta Beauty, Target, Dick’s Sporting …

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ArizonaGrocery-anchoredInvestment salesNew JerseyNews

Longpoint Acquires Two Shopping Centers in Arizona, New Jersey for Roughly $62 Million 

by Hayden Spiess

Phoenix and Bedminster, N.J. — Longpoint Partners has acquired two grocery-anchored shopping centers — El Monte Shopping Plaza in Phoenix and The Hills Village Center in Bedminster, New Jersey — for $62 million. Longpoint will manage the properties under its recently debuted Lena Centers brand. El Rancho Market IGA anchors El Monte Shopping Plaza, which totals 101,000 square feet. The property was 99 percent occupied at the time of sale. The Hills Village Center comprises 101,000 square feet. Kings Food Market anchors the center, which was 89 percent occupied at the …

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99-Cents
ArizonaCaliforniaCompany newsFinanceInvestment salesNevadaNewsTexas

Hilco Arranges $168 Million Sale of 99 Cents Portfolio

by Hayden Spiess

Commerce, Calif. — Hilco Real Estate has arranged the $168 million sale of the 99 Cents Only Stores LLC real estate portfolio as part of the retailer’s Chapter 11 bankruptcy proceedings. Founded in 1982, California-based 99 Cents began its liquidation in April 2024, citing rising competition, increased labor costs, challenging logistics and the effects of the COVID-19 pandemic. The portfolio included 44 company-owned properties, as well as 333 store leases and three vacant development parcels. According to Hilco, the portfolio generated significant interest, and 181 asset purchase agreements with non-refundable earnest money deposits …

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El-Monte-Shopping-Plaza_Phoenix
ArizonaGrocery-anchoredInvestment salesNews

Lena Centers Acquires 101,269-Square-Foot Shopping Center in Phoenix

by Hayden Spiess

Phoenix — Lena Centers, a division of Longpoint, has acquired El Monte Shopping Plaza, a 101,269-square-foot shopping center located in Phoenix. Built in 1962, the property was 99 percent leased to 15 tenants at the time of sale. El Rancho Market IGA anchors the center, and other tenants include dd’s DISCOUNTS, Shoe Palace, ArchWell Health, Cute Smiles, Cricket Wireless and Baskin Robbins. Mindy Korth and JK Jackson, El Warner and Caitlin Zirpolo of Colliers brokered the transaction. ASI Real Estate handles leasing at the property. 

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Verrado-Marketplace_Buckeye-Ariz
ArizonaDevelopmentNews

Vestar Breaks Ground on $275 Million Shopping Center Development in Metro Phoenix

by Hayden Spiess

Buckeye, Ariz. — Vestar has broken ground on Verrado Marketplace, a $275 million shopping center development in Buckeye, roughly 35 miles outside Phoenix. Situated at the entrance of DMB Associates’ 8,800-acre Verrado master planned community, the shopping center will total 500,000 square feet. Tenants at the development will include ULTA Beauty, Famous Footwear, Buckle, Salt Tacos + Tequila, Bath & Body Works, Shake Shack, Handel’s Ice Cream, Nekter Juice, See’s Candies, Thai Chili, Einstein Bros. Bagels, Tropical Smoothie, Hawaiian Bros., European Wax Center, Zara Nails, Pacific Dental, America’s Best Contacts & …

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Oracle-Gateway_Tucson-Ariz
ArizonaInvestment salesNews

Commercial Retail Advisors Arranges Sale of 58,702-Square-Foot Retail Center in Tucson, Arizona

by Hayden Spiess

Tucson, Ariz. — Commercial Retail Advisors has arranged the sale of Oracle Gateway, a 58,702-square-foot retail center located in Tucson. Developed in 1986, the property was 94 percent occupied at the time of sale. A 22,901-square-foot office building is also located at the site and was not included in the sale. Craig Finfrock of Commercial Retail Advisors, Jan Fincham of Lee & Associates, Fred Howard of Progressive Property Management and Randy Finfrock of Southwest Retail Partners represented the seller, an entity doing business as 3838 Oracle Plaza Joint Venture LLC, in …

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