Sentences with phrase «anchored centers»
As a result, owners such as Kimco have become more creative in leasing grocery - anchored centers.
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The firm has also acquired upscale malls, lifestyle centers, power centers and grocery - anchored centers.
Investment outlook Over the past few years, supermarket - anchored centers have been a popular buy, and such properties have been trading at a premium.
«If the grocery - anchored centers are built where demographics are strong, the population is in place, and household incomes are high, they're just great investments.»
In general shopping continues to become more experiential with a focus on eating and being entertained; however, grocery and drug store anchored centers remain productive and in high demand.
On the retail side, neighborhood and grocery - anchored centers continued to see growth to end the year, as did fitness uses, restaurants and value retailers, said Jon Weisiger, senior vice president of CBRE Retail.
The grocery store - and / or drugstore - anchored centers range in size from 36,151 sq. ft. to 365,999 sq. ft.
Vista, Calif. - based Pan Pacific Retail Properties Inc. has acquired two grocery - anchored centers for $ 15.4 million from San Mateo, Calif. - based Franklin Select Realty Trust.
The company also has completed construction on two Publix - anchored centers: Publix At The Meadows (75,526 sq. ft.) in Miami opened in July, and Paraiso Plaza (60,712 sq. ft.) in Hialeah opened in March.
But those high values may be unsustainable — current prices for grocery - anchored centers are more a sign of investor demand than of intrinsic value.
The property is one of only two grocery - anchored centers serving the affluent Northern Chino Hills area, notes Passco chief operating officer, Bill Winn.
Jacksonville, Fla. - based Regency Realty Group is building two Winn - Dixie - anchored centers: South Monroe in Tallahassee and Palm Trail Plaza in Deerfield Beach.
The portfolio comprises four grocery - anchored centers, three in California and one in Oregon.
Among newer grocery - anchored centers, which average about 70,000 sq. ft. of GLA, the grocer typically occupies 45,000 sq. ft. and generates 40 % to 50 % of the center's income, says Anthony Blanco of Black - Rock Realty Advisors.
Across the country, owners and brokers say cap rates range from the high 7s to mid-8s for quality, grocery - anchored centers.
At the time, the Heritage's U.S. portfolio included 157 grocery - anchored centers totaling 28.7 million square feet, primarily in the Northeast and Midwest.
Because of that, she says, the REIT has only six Winn - Dixie - anchored centers, compared with 17 five years ago.
In a sluggish economy, grocery - anchored centers are about the nearest thing going to a safe bet.
«The grocers are going to continue to do fine and grocery - anchored centers will continue to do fine.»
Conversely, shopping center REITs dominated by grocery - anchored centers and drugstores saw gains as consumers» demand for staples remained strong.
Overall, the company owns 588 mostly grocery - anchored centers.
Developments and acquisitions are focused in both growth areas and under - served markets, ranging from single pad sites to neighborhood grocery - anchored centers.
«We'll buy grocery - anchored centers in fully developed cities on the East and West coasts, but not in fast - growing markets like Dallas and Atlanta.»
«Investor demand for these large, multi-big-box anchored centers just isn't there now.»
«Well - conceived mixed - use and grocer - anchored centers with good sponsorships will be able to obtain financing,» Jordan said.
Four of the eight grocery - and discount - anchored centers are in Georgia.
New Ventures Northbrook, Ill. - based Bradley Real Estate has formed a co-development program with Oppidan Center Development LLC, an affiliate of Minneapolis - based Oppidan Inc., a developer of grocery - anchored centers.
State Farm focuses its retail lending efforts primarily on grocery - anchored centers.
Instead, lenders such as The MONY Group are focusing on the comparatively low - risk, grocery - anchored centers that also house service retailers such as beauty salons, dry cleaners and video stores.
Grocery - anchored centers are the property of choice among many investors because of stable performance and strong traffic patterns.
Equity Investment Group in Atlanta is another firm focused on buying grocery - anchored centers with some upside.
About 60 % of the commercial real estate lending done by GMAC's Chicago office involves retail, mostly grocery - anchored centers and single - tenant net lease deals.
Leading the way were supermarket - anchored centers, followed a few years later by hypermarkets.
With the exception of grocery - anchored centers and fortress malls, lenders are cautious when...
VP of development for North American Properties, where he oversees entitlement, design and construction of power centers, grocery - anchored centers and mixed - use projects.
Returns on relative basis are still generally better and that has led us to purchase some grocery - anchored centers for various portfolios.
Widett believes the fundamentals for shopping centers are still relatively sound, and that investors have realized grocery - anchored centers are a good, recession - resistant investment.
Meanwhile, total returns for shopping center REITs, which include grocery - anchored centers, climbed 6.45 % during the same period, according to NAREIT.
Investment activity in urban retail last year outpaced grocery - anchored centers.
Grocery - anchored centers built a reputation as the most rock - solid type of retail real estate investment, which throw off steady returns in good or bad times.
Plus, the REIT likely will sell 37 Benderson grocery - anchored centers to a different joint - venture buyer.
Although grocery - anchored centers will continue to attract investor interest in 2015, the appetite for urban retail is growing.
The Florida - based firm is interested in snagging a portfolio of grocery - or pharmaceutical - anchored centers and / or power centers in the Mid...
«That general area is seeing a lot of growth, especially of the grocery - anchored centers... Like almost everywhere else in Florida, Publix is definitely dominating the market.
Like our existing holdings, the Aegis properties are well - located, supermarket - anchored centers, sharing many of the anchors with whom we already have strong relationships.
«We are predominantly grocery - anchored and there is a positive story out there for people who have grocery - anchored centers,» he notes.
Grocery - anchored centers have become a staple of everyday commerce, but they rarely ignite excitement within the communities that surround them.
The company also is building three Publix - anchored centers: Halifax Village Plaza (75,000 sq. ft.) in Ormond Beach; Parkway Plaza (75,000 sq. ft.) in Orlando; and Jupiter Farms Village (80,000 sq. ft.) in Jupiter.
The Old Navy - anchored centers with 10,000 sq. ft. and 25,000 sq. ft. majors where it's a quasi-lifestyle center.
According to Etedali, grocery - anchored centers are by far the most sought - after product because of their relative immunity to economic fluctuations.