[[{“value”:”
Medipower has expanded its U.S. footprint with the acquisition of a seven-property, grocery-anchored retail portfolio, including four centers in the Atlanta metro area. The Israel-based investor paid $115 million for the group of assets, which collectively total approximately 558,000 square feet of retail space. Several of the centers are listed on the SITE Centers website, underscoring that the portfolio has been institutionally positioned and marketed.
The portfolio is anchored by nationally recognized supermarket brands, including Publix, Kroger and Stop & Shop. Across the group of properties, the grocery anchors report average sales in excess of $700 per square foot, indicating strong in-store performance for essential-needs retail. According to information provided, the assets are 99.6% occupied in aggregate, reflecting limited vacancy and a fully leased profile at the time of sale.
Four of the seven properties are located in and around Atlanta. These include Hickory Flat Village in Canton, Deshon Plaza in Stone Mountain, Flat Shoals Crossing in Decatur and Cascade Corners in the city of Atlanta. The remaining centers are situated in other established coastal and suburban markets: one property in Myrtle Beach, another in Virginia Beach and a third in Lyndhurst, New Jersey. Together, these locations give Medipower a geographically diverse collection of grocery-anchored neighborhood centers.
The assets have been described as institutionally maintained, suggesting a history of professional ownership and upkeep prior to the transaction. The high occupancy level, paired with strong sales productivity from the name-brand grocers, positions the portfolio as a stabilized, income-focused investment. For Medipower, the acquisition adds scale in the U.S. retail sector while concentrating on necessity-based retail tenants that tend to generate consistent shopper traffic.
JLL played a central role in bringing the transaction to completion. The JLL capital markets team that secured the sale included Jim Hamilton, Brad Buchanan, Andrew Kahn, Anton Serafini, Kevin O’Hearn, J.B. Bruno, Jose Cruz, Jordan Lex, Daniel Naughton and Tom Kolarczyk. In addition, a dedicated JLL financing team was involved in the assignment, consisting of Gregg Shapiro, Jim Cadranell, Jon Mikula, Hunter Goldberg, Kelsey Bawcombe, Streeter Simmons and Caleb Henry. While specific loan terms were not disclosed, the presence of a separate financing team highlights the integrated capital markets effort required to close the portfolio trade.
With this acquisition, Medipower increases its exposure to grocery-anchored centers at a time when essential retail has remained relatively resilient within the broader commercial real estate landscape. The combination of high occupancy, strong anchor sales and a mix of Atlanta-area and East Coast locations provides the buyer with a portfolio of stabilized community and neighborhood retail centers built around daily-needs shopping patterns.
The post Medipower Buys Seven Grocery-Anchored Retail Centers, Including Four in Atlanta, for $115M appeared first on CRE Market Beat.
“}]]
