- Medipower acquired a seven-property, 558,000-SF retail portfolio for $115M.
- The assets are spread across Georgia, Virginia, New Jersey, and South Carolina.
- The portfolio was 99.6% leased, anchored by major grocers like Publix and Kroger.
- 2025 saw 3.7% retail sales growth and 1.8% rise in foot traffic on the East Coast.
Portfolio Expansion for Medipower
The Commercial Property Executive reports that Medipower Overseas Public Co. purchased a seven-property retail portfolio totaling 558,000 SF for $115M. JLL Capital Markets brokered and financed the deal. As a result, Medipower expanded its footprint across key East Coast markets, including Atlanta, Virginia Beach, Myrtle Beach, and Lyndhurst, NJ.
The portfolio includes Hickory Flat Village, Deshon Plaza, Flat Shoals Crossing, Cascade Corners, Kroger Plaza, The Plaza at Carolina Forest, and Lewandowski Commons. Grocery anchors continue to support strong leasing across the assets. Therefore, the portfolio was almost fully occupied at closing.
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Investor Momentum Builds
Retail investment interest remains robust, as evidenced by Medipower’s latest acquisition. The company’s East Coast focus now covers assets in Pennsylvania, New Jersey, Massachusetts, Connecticut, New York, and the newly added Virginia, Georgia, and South Carolina markets.
Why It Matters
The portfolio’s high tenancy rates, anchored by national grocers like Publix, Kroger, and Stop & Shop, reflect continued retailer demand for well-located suburban centers. Steady in-store traffic points to ongoing consumer interest in physical retail experiences, even as spending growth moderates.
Retail Market Outlook
Retail investment growth has tracked alongside healthy retail sector fundamentals. In 2025, retail sales rose 3.7% and foot traffic increased 1.8%. However, a slowdown in the latter half of the year signaled some consumer caution. At the same time, certain coastal markets continue to show resilience in fundamentals, with rents holding firm despite broader regional slowdowns. Projections suggest retail sales growth will moderate to 3% in 2026, indicating a stable yet measured outlook for the sector. Retail investment is expected to remain active for leased, necessity-driven centers like those recently acquired by Medipower.
