Whole Foods, Other Grocery Stores Are Hot Property
Global real-estate investment manager Hines is paying $112 million for a suburban New York shopping center featuring a Whole Foods, the largest grocery-anchored retail sale in the U.S. since September.The sale of the 262,000-square-foot property in White Plains, N.Y., shows how demand for grocery-store complexes persists, despite rising interest rates and slowing activity for other property types. These outlets have become increasingly attractive as the pandemic winds down and consumers return to shopping in person.…