Seven-property grocery-anchored portfolio trades hands for $115M

ATLANTA, April 7, 2026 –  JLL Capital Markets announced today that it has secured the $115 million sale of The East Coast Grocery Portfolio, a seven-property collection of grocery-anchored retail centers located in key markets in Georgia, South Carolina, Virginia and New Jersey.

JLL represented the seller in the transaction. The buyer was Medipower. Additionally, JLL procured acquisition financing on behalf of the buyer.

The portfolio is comprised of approximately 558,000 square feet across seven grocery-anchored retail centers, featuring nationally recognized grocers including Publix, Kroger and Stop & Shop, with average grocer sales performance exceeding $700 per square foot. The properties have been institutionally maintained and are 99.6% occupied in aggregate.

The Atlanta metropolitan area, the eighth-largest MSA in the United States and the top moving destination in the country, includes four properties: Hickory Flat Village in Canton, Deshon Plaza in Stone Mountain, Flat Shoals Crossing in Decatur and Cascade Corners in Atlanta. Additional assets include The Plaza at Carolina Forest in Myrtle Beach, South Carolina, Kroger Plaza in Virginia Beach, Virginia and Lewandowski Commons in Lyndhurst, New Jersey.

JLL Capital Market’s Investment Sales and Advisory team was led by Jim Hamilton, Brad Buchanan, Andrew Kahn, Anton Serafini, Kevin O’Hearn, J.B. Bruno, Jose Cruz, Jordan Lex, Daniel Naughton and Tom Kolarczyk. The JLL Debt Advisory team was led by Gregg Shapiro, Jim Cadranell, Jon Mikula, Hunter Goldberg, Kelsey Bawcombe, Streeter Simmons and Caleb Henry.

According to Hamilton, “The East Coast Grocery Anchored Portfolio generated significant investor interest, reflecting the continued robust flow of capital into the retail sector. The strong market response underscores investor confidence in grocery-anchored retail as a resilient asset class. Each property in the portfolio is anchored by a top-performing grocer with strong sales performance, providing stable cash flows and long-term value. The portfolio represented a unique opportunity for investors to gain immediate scale and meaningful market presence across premier Sunbelt and Southeast markets, which continue to benefit from favorable demographics, population growth, and dynamic economic fundamentals that are driving retail demand.”

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 December 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