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Hanley Closes Sale of Grocery-Anchored Center in NE

Hanley Investment Group Real Estate Advisors recently completed the sale of a 174,000-square-foot, grocery- and drug-anchored shopping center, shadow-anchored by Target in Lincoln, NE.

Hanley represented the seller, Omaha-based Perkins Properties. The buyer, a private investor from Kansas City, MO, was represented by Scott Taubin of The R.H. Johnson Company, also based in Kansas City.

Built in 1991 on 22.06 acres, Edgewood Shopping Center is located at 5400 and 5500 South 56th St. and Nebraska Highway 2, and features 86% national and regional tenants including Super Saver Foods, CVS/pharmacy, Dollar Tree, AutoZone, Herbalife, Party America, Petco, Cartridge World, H&R Block and Papa John’s.

The center was 95% occupied at the time of the sale. Deal terms weren’t disclosed.

The lease for Super Saver, which has operated at Edgewood Shopping Center since 1991, is guaranteed by Associated Wholesale Grocers, Inc., reportedly the nation’s largest cooperative food wholesaler.

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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