$71.3M in acquisition financing secured for retail properties in New Jersey and Southeast

MORRISTOWN, N.J., May 11, 2026 –  JLL Capital Markets announced today that it has secured $71.3 million in acquisition financing across two separate transactions for Medipower Group: Lewandowski Commons in New Jersey and a six-property portfolio spanning the Southeast.  

JLL represented Medipower Group in arranging financing for Lewandowski Commons through Protective Life and for the Southeast Retail Portfolio through Nationwide.

The financing package includes financing for Lewandowski Commons, a 77,743-square-foot grocery-anchored center in Lyndhurst, New Jersey, and for a six-property portfolio spanning Myrtle Beach, South Carolina; Virginia Beach, Virginia; and four properties throughout the Atlanta metropolitan area. The Southeast portfolio comprises Hickory Flat Village in Canton (74,020 square feet), Deshon Plaza in Stone Mountain (64,055 square feet), Flat Shoals Crossing in Decatur (69,699 square feet), Cascade Corners in Atlanta (66,844 square feet), The Plaza at Carolina Forest in Myrtle Beach (114,237 square feet) and Kroger Plaza in Virginia Beach (67,540 square feet).

All properties are 99.7% occupied and anchored by leading national grocers, including Stop & Shop in New Jersey and Publix and Kroger throughout the Southeast. The grocers demonstrate strong sales performance, with average sales exceeding $700 per square foot and occupancy costs averaging approximately 2.2%.

Lewandowski Commons, located seven miles from New York City in Bergen County, features Stop & Shop as its anchor tenant with an investment-grade parent company guarantee from Ahold Delhaize (BBB+). The property benefits from affluent demographics, with average household income exceeding $138,000 within a three-mile radius and a total population of more than 600,000 within five miles.

The Atlanta portfolio properties benefit from the region's status as the eighth-largest metropolitan statistical area in the United States and top moving destination in the country. The properties feature long-tenured grocer anchors with weighted average lease terms of 4.4 years remaining and exceptional sales growth, with several locations showing sales increases exceeding 50% over the past six years.

JLL Capital Market’s Debt Advisory team was led by Jim Cadranell, Jon Mikula, Gregg Shapiro, Hunter Goldberg, Kelsey Bawcombe, Streeter Simmons and Caleb Henry.

According to Cadranell, "These two transactions reflect strong lender confidence in high-quality, grocery-anchored retail assets with exceptional fundamentals. The combination of investment-grade and best-in-class regional grocers, strong sales performance, minimal capital requirements and strategic locations in high-barrier-to-entry markets made these attractive opportunities for both Protective Life and Nationwide."

"These properties benefit from durable income streams, with nearly half of revenue derived from grocers operating at low occupancy costs and demonstrating consistent sales growth. The financing structure provides Medipower with the flexibility to execute their business plan across these institutional-quality assets in premier markets," Shapiro added.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.

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JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of March 31, 2025. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.

Medipower is a premier, full-service commercial real estate firm specializing in grocery-anchored shopping centers throughout the U.S. East Coast. The company possesses deep expertise across the entire investment lifecycle—from strategic acquisitions and redevelopment to proactive asset management and operations.

The current portfolio features 31 shopping centers anchored by industry-leading retailers, located in high-growth markets with robust demographics and significant barriers to entry. For further information, visit: www.medipowergroup.com