Decatur, Ala. — JRW Realty has brokered the sale of Point Mallard Centre, a grocery-anchored shopping center in Decatur. Situated near I-65, the property features a 45,600-square-foot Publix store and 16,800 square feet of small shop, restaurants and healthcare tenants. The buyer is an unnamed institutional investor that is actively acquiring net-leased and value-add properties. The seller and sales price were not disclosed.
Fresno, Calif. — Faris Lee Investments has arranged the sale of Country Squire Shopping Center, a three-building retail property in Fresno. A Riverside, California-based private investor acquired the center from a Fresno-based investor for $6.6 million. Both parties requested anonymity. Walgreens, Surf Thru Express Car Wash and Multi-Tenant Shops fully occupy the 27,315-square-foot property. Situated on a total of 4.3 acres, the center is located at 4172, 4140, 4182 N. First St. Sean Cox, Alex Moore and Shaun Riley of Faris Lee Investments represented both parties in the deal.
Washington, D.C. — Wegmans is expanding in metropolitan Washington, D.C. In early May, the grocer opened an 81,300-square-foot store at 150 Stovall St. in Alexandria, Virginia, a store that anchors Stonebridge’s Carlyle Crossing mixed-use development. The Alexandria store opened earlier this month and is the 14th Wegmans in Virginia and 107th nationwide. The grocer also plans to open an 85,000-square-foot store within the Halley Rise development in Reston, Virginia, and an 84,000-square-foot store at the $640 million City Ridge development in northwest Washington, D.C. The City Ridge store will open in …
Boston — A partnership between Wilder Cos. and TA Realty has acquired a portfolio of nine grocery-anchored shopping centers totaling 729,437 square feet for $390 million. Eight of the properties are located in Massachusetts, and one is located in Rhode Island. At the time of sale, the portfolio was 95 percent leased, with grocers such as Whole Foods Market, Shaw’s, Star Market and Dave’s Fresh Marketplace serving as anchor tenants. Robert Griffin, Geoffrey Millerd, Jonathan Martin, Paul Penman and Mathew Adler of Newmark represented the undisclosed seller and procured the buyer …
Moorpark, Calif. — Gantry has arranged a $24 million bridge loan for the refinancing of Village at Moorpark, a retail center located at 706-790 Los Angeles Ave. in Moorpark. Amazon Fresh, Dover Saddlery and other local, regional and national tenants occupy the 129,000-square-foot property. Mark Ritchie and Austin Ridge of Gantry’s Los Angeles office arranged the financing on behalf of the borrower, a private real estate investor. An investment management platform firm provided the loan, which features earn-out provisions with holdbacks tied to future performance milestones and extensions.
Wilmington, Ohio — Cleeman Realty Group has arranged the off-market sale of Wilmington Plaza, a 198,085-square-foot retail center in Wilmington, Ohio. An undisclosed buyer represented by Jeremy Scheer and David Kaufman of Cleeman purchased the property for $7.9 million. Kroger anchors the center, which was 83 percent leased at the time of sale. “The buyer was attracted to the strong performing anchor tenant, national tenant lineup and upside potential through the lease-up of 33,000 square feet of vacant space,” says Scheer. The seller was also undisclosed.
Whiteville, N.C. — Newmark has arranged the $5 million sale of a single-tenant retail property occupied by Walgreens in Whiteville. The 14,820-square-foot building was sold by an undisclosed institutional investor based in Phoenix to Walgreens, which exercised its right of first refusal. Matt Berres, Samer Khalil, Karick Brown and Bert Sanders of Newmark represented the seller in the transaction.
York, Pa. — JLL Capital Markets has brokered the sale of West Manchester Town Center, a 488,037-square-foot power center located in the southern Pennsylvania community of York. Chris Munley, James Galbally and Colin Behr of JLL marketed the property on behalf of the seller, ATR Corinth Partners. A joint venture including Paramount Realty acquired the center for an undisclosed price. Kohl’s, At Home, HomeGoods, Hobby Lobby and Burlington anchor the property, which formerly operated as an enclosed mall before being redeveloped in 2014.
New York City — Whole Foods Market is set to open a 54,000-square-foot store at 63 Madison Ave. in Manhattan’s NoMad neighborhood on June 1. The store will offer 1,000 items local to New York City and the surrounding area, alongside organic, conventional and local produce; a specialty cheese department; full-service seafood and meat counters; a selection of more than 180 craft beers; a prepared foods section; bakery; and wellness and beauty products. The property will also feature on-site dining options including a quick-service Mediterranean restaurant named Za’atar; Nomad 63 …
Plano, Waukegan and New Lenox, Ill. — Hanley Investment Group Real Estate Advisors has arranged the sales of three multi-tenant retail properties in suburban Chicago for a combined $10 million. The properties total 76,357 square feet and include Lakewood Springs Commons, a 26,300-square-foot center located at 200-270 Mitchell Drive in Plano; Cedar Center, a 22,370-square-foot property located at 100-196 West Illinois Highway in New Lenox; and Bay Ridge Court, a 27,687-square-foot center located at 422-484 North Green Bay Road in Waukegan. Dylan Mallory, Jeff Lefko and Bill Asher of Hanley, …
