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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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St. Francis Marketplace
GeorgiaInvestment salesNews

ZRP Sells 63,607-Square-Foot Shopping Center in Columbus, Georgia

by Abby Cox

Columbus, Ga. — Mount Pleasant, South Carolina-based Ziff Real Estate Partners (ZRP) has sold St. Francis Marketplace, a 63,607-square-foot shopping center located in Columbus. Planet Fitness anchors the center. Other tenants at the property include Rent-A-Center, Kool Smiles, Franklin Dental & Braces and Jersey Mike’s Subs. ZRP originally acquired the center in 2015 and has completed various upgrades to the property over the past 10 years. Steve Collins and Brent Hadden of The Palomar Group represented ZRP in the transaction. The buyer and sales price were not disclosed.

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The Plaza at Golden Valley
CaliforniaFinanceNews

Gantry Arranges $46.5 Million Financing for Power Center in Santa Clarita, California

by Abby Cox

Santa Clarita, Calif. — Gantry has arranged two loans totaling $46.5 million for the financing of The Plaza at Golden Valley, a 600,000-square-foot power center in Santa Clarita, 30 miles north of Los Angeles. The non-recourse loans carry a fixed-rate, 10-year term with a 30-year amortization schedule. Gantry will service the loans. The center is shadow-anchored by Target, Lowe’s and Kohl’s. Other tenants at the property include Trader Joe’s, Staples, BevMo!, T.J. Maxx, Panera Bread, Chili’s Grill & Bar, PetSmart, Popeyes, McDonald’s, Chipotle, Bath & Body Works, Daiso, The Habit …

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The Fresh Market
Grocery-anchoredInvestment salesNew YorkNews

IPA Brokers $26.9 Million Sale of Shopping Center in Latham, New York

by Abby Cox

Latham, N.Y. — Institutional Property Advisors (IPA) has brokered the sale of a grocery-anchored shopping center for $26.9 million in Latham, roughly eight miles outside Albany. Built in 2010, the center totals 120,049 square feet and is anchored by The Fresh Market. Approximately 24,000 square feet is available for lease. Other tenants at the property include Petco and Crumbl Cookies. Jim Koury of IPA represented the seller, Shaker Louden Associates, and procured the buyer, PCP Binghamton Associates LLC, in the transaction.

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Beechnut Village
FinanceGrocery-anchoredInvestment salesNewsTexas

Marcus & Millichap Arranges Sale, Financing of 62,990-Square-Foot Retail Center in Houston

by Abby Cox

Houston — Marcus & Millichap has arranged the sale and financing of Beechnut Village, a 62,990-square-foot retail center located in Houston. The property — which was fully leased at the time of sale — features 15 tenants operating on a triple-net lease basis, including medical offices, discount retailers and food and beverage businesses. La Michoacana Meat Market anchors the center. Scott Abeel and Philip Levy of Marcus & Millichap’s Dallas office marketed the property on behalf of the seller and procured the buyer, a local private investor, in the transaction. Jamie …

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The Bend
Architecture and DesignDevelopmentMixed-useNewsTexas

Centennial Plans Additional Mixed-Use Component for Redevelopment of The Shops at Willow Bend in Plano, Texas

by Abby Cox

Plano, Texas — Dallas-based Centennial has revised its redevelopment plans for The Shops at Willow Bend, a 1.4 million-square-foot super-regional mall in Plano, to include townhomes and single-family residences. Centennial’s late 2024 acquisition of the Macy’s building at the center — following the retailer’s closure announcement of the location — has enabled the company to add the additional uses. Centennial previously unveiled plans to convert the enclosed center to a mixed-use property called The Bend. Under the plans, a portion of the enclosed mall’s footprint will be demolished to make room for …

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Eastway Square
Grocery-anchoredInvestment salesNewsNorth Carolina

Westwood Financial Acquires 130,156-Square-Foot Shopping Center in Charlotte

by Abby Cox

Charlotte, N.C. — Los Angeles-based Westwood Financial has acquired Eastway Square, a 130,156-square-foot grocery-anchored shopping center in Charlotte. Tenants at the property include Ross Dress For Less, America’s Best, Papa Johns Pizza, Subway, Wingstop, Rainbow Shops, DentalWorks, Hibbett Sports, Showmars and Food Lion, which anchors the center. Berkley Capital Advisors brokered the sale. The price was not disclosed. Eastway Square joins Westwood Financial’s portfolio of grocery-anchored shopping centers in Charlotte including Prosperity Village Square, Steele Creek Crossing, Steelecroft Shopping Center and The Arbors at Mallard Creek.

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DevelopmentInvestment salesNewsPennsylvania

CBL Properties Sells Shopping Center in Monroeville, Pennsylvania for $34 Million

by Abby Cox

Monroeville, Pa. — CBL Properties has sold Monroeville Mall, a 1.2-million-square-foot regional mall located in Monroeville, roughly 20 miles east of Pittsburgh. According to the Pittsburgh Post-Gazette, Walmart purchased the property — which comprises the main mall building, adjacent strip mall, front entrance expansion and land parcels for Best Buy and Firestone — for $34 million in an all-cash transaction. Situated on 186 acres, the mall is anchored by Macy’s, Dick’s Sporting Goods and JCPenney. Other tenants at the property include Barnes & Noble, Cinemark Theatres, Guitar Center and Best Buy. …

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Country Club Centre
AlabamaGrocery-anchoredInvestment salesNews

First National Realty Acquires 67,622-Square-Foot Retail Center in Montgomery, Alabama

by Abby Cox

Montgomery, Ala. — Red Bank, New Jersey-based First National Realty Partners has acquired Country Club Centre, a 67,622-square-foot retail center located in Montgomery. The center — which was 85 percent leased at the time of sale — is anchored by Winn-Dixie, which totals 35,922 square feet. Additional tenants at the property include Dollar Tree, Martin’s Restaurant, Subway and Wingstop. Gary Chou of Berkley Capital Advisors represented the undisclosed seller in the transaction.

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Narcoossee Cove
FloridaInvestment salesLeasingNews

Colliers Arranges Sale of Retail Property in Orlando, Florida for $31 Million

by Abby Cox

Orlando, Fla. — Colliers has arranged the sale of the Narcoossee Cove retail complex to five different buyers for a total of approximately $31 million. Completed in 2024 and situated on 7.7 acres, the property consists of six retail outparcels comprising 36,100 square feet. The transactions include Miller’s Ale House, Fifth Third Bank, Discount Tire, Raising Cane’s and two multi-tenant retail strip centers. Additionally, a roughly 1-acre parcel of land located between Miller’s Ale House and Discount Tire was sold. Michael Brewster and Tommy Isola of Colliers’ Orlando office represented …

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