Shopping Center, Phoenix, AZ Site / Location: 3131 E Thunderbird Road Square Feet: 128,097 Select Tenant(s): Walgreens, Vasa Fitness, H&R Block, Subway, FastMed Urgent Care Project Type: Outparcel Development and Multi-Tenant Strip Center Year Acquired: 2021 Burger King, Phoenix, AZ Site / Location: 1645 W. Bell Road Square Feet: 3,200 Select Tenant(s): Burger King Project Type: Single-Tenant Ground Lease Year Acquired: 2018 Bank of America, Cupertino, CA Site / Location: 21020 Homestead Road Square Feet: Approx. 6,000 Select Tenant(s): Bank of America Project Type: Single-Tenant Ground Lease Year Acquired: 2018 Site Plan, Hayward, CA Site / Location: NEC Whipple Road and Wiegman Road Square Feet: 5,000 Select Tenant(s): Currently for Lease Project Type: Build to Suit or Ground Lease Year Acquired: 2018 Verizon Wireless, Redding, CA This property is a pad to a shopping center that includes Michael's, Cost Plus World Market and Best Buy. The site is surrounded by a dense concentration of retail centers within a 1.5 mile radius. This property is located in the heart of Redding's primary retail trade area, one block from Mt. Shasta Mall, the area's premier regional mall that is home to over 80 retail stores and anchored by Macy's. Site / Location: 1094 Hilltop Drive Square Feet: 3,800 Tenant(s): Verizon Wireless Project Type: Build to Suit Year Acquired: 2017 https://www.youtube.com/watch?v=rJ96L9lLFyI Shopping Center, Littleton, CO Site / Location: 1500 W Littleton Boulevard Square Feet: 93,889 Select Tenant(s): Dollar Tree, Sherwin-Williams Paints Project Type: Multi-Tenant Strip Center Year Acquired: 2021 Shopping Center, Jacksonville, FL Site / Location: 10320 Shops Lane Square Feet: 102,979 Select Tenant(s): Dollar Tree, Chuck E. Cheese’s, Escapology, Haverty’s Project Type: Outparcel Development and Multi-Tenant Strip Center Year Acquired: 2021 PDQ, Deerfield Beach, FL Site / Location: 3333 W. Hillsboro Blvd. Square Feet: 3,300 Tenant(s): PDQ Project Type: Single-Tenant Ground Lease Year Acquired: 2018 https://www.youtube.com/watch?v=umnW8RU7LBE Outback Steakhouse & Mattress Firm, Pensacola, FL The subject property is approximately 153,000 square feet of undeveloped land, located at the southeast signalized intersection of Airport Boulevard and North Davis Highway. The intended development includes the construction of 13,000 SF of building and a ground lease. The property is ideally positioned at the southern gateway to University Town Plaza and the eastern gateway to Cordova Mall, Sacred Heart Medical Center, Washington High School, Pensacola State College, and the Pensacola Airport. Some of the major businesses in the area include Beall’s Department Store, JoAnn Fabrics, Hobby Lobby, Kirkland’s, Barnes & Noble, hhGregg, Sports Authority, Sam’s Club, Lowe’s Home Improvement, The Home Depot, Michael’s, Target, Office Depot, Publix, Rave Motion Pictures, and La-Z-Boy Furniture. Tenant delivery 2015. Site / Location: Airport Blvd. & Davis Highway Square Feet: 6,500 & 7,000 Tenant(s): Outback Steakhouse & Mattress Firm Project Type: Adaptive Reuse Year Acquired: 2012 Shopping Center, Orlando, FL Millenia Plaza, Orlando, FLProperty TypeRetail, Strip CenterRegionSoutheastStrategyDevelop-to-CoreInvestment StructureJoint VentureAcquired4Q 2015 SquareFootage18,900Number of Tenants6Tenant SectorRestaurants, Furniture, Consumer ElectronicsType of LeaseNetDisposition Price$16,570,000 Investment Summary We acquired this asset through a preferred long-term relationship with Target Stores. The asset was 3.1 acres of vacant outparcels to a Super Target anchored center, known as Millenia Plaza. We constructed 3 buildings on 3 parcels with long-term, corporately backed leases. Located in the 23rd largest U.S. metro, the asset draws from a retail trade area that consists of 1.5 million people with a potential for retail expenditures north of $5 billion. The asset is situated at the gateway to Millenia Plaza benefiting from excellent visibility along Millenia Blvd and has a signalized entrance to the larger center. The asset is near the Mall at Millenia, the #1 mall in the state of Florida and top-ten in the US (anchored by Neiman Marcus, Bloomingdale’s, and Macy’s, including... Shopping Center, Canton, GA Site / Location: 108 Riverstone Pkwy Square Feet: 125,000 Tenant(s): Ingle’s Market, Staples, Aaron Rents, Metro PCS, Planet Fitness, Sherwin Williams, Dollar Tree and more Project Type: Value-Add Year Acquired: 2017 Shopping Center, Bradley, IL Site / Location: 108 Riverstone Pkwy Square Feet: 125,000 Tenant(s): Ingle’s Market, Staples, Aaron Rents, Metro PCS, Planet Fitness, Sherwin Williams, Dollar Tree and more Project Type: Value-Add Year Acquired: 2017 Crestwood, IL Site / Location: 13235 S. Cicero Ave. Square Feet: 6,517 Tenant(s): Starbucks, Mattress Firm Project Type: Multi-Tenant Shopping Center Year Acquired: 2015 Shopping Center, Oak Park, MI Site / Location: NWC of Coolidge Hwy and 9 Mile Road Square Feet: 100,000 Tenant(s): CVS, Save-a-Lot, Cricket Wireless, SVS Vision and more Project Type: Value-Add Year Acquired: 2017 Palatine Plaza, Chicago, IL Palatine Plaza, Chicago, IL Property Type Retail, Strip Center Region Midwest Strategy Develop-to-Core Investment Structure Joint Venture Acquired 2Q 2016 Square Footage 12,700 Number of Tenants 3 Tenant Sector Restaurants, Consumer Electronics, Furniture Type of Lease Net Disposition Price $8,100,000 https://www.youtube.com/watch?v=mjn2nP8nIlQ Investment Summary We acquired this asset off-market by touring and analyzing the market, then proactively contacting the owner. The asset was 1.5 acres of vacant land on the intersection of the market’s two preeminent thoroughfares with outstanding visibility. We subdivided the parcel to construct 3 buildings on 3 parcels with long-term, corporately backed leases. Located in the 3rd largest U.S. metro, this affluent submarket is approximately 30 miles from Chicago’s CBD and characterized by a diversified economy and deep labor pool. The asset is situated in the middle of 850,000 square feet of retail space that is anchored by Walmart, Target, TJ Maxx, HomeGoods, Petco, Aldi, Hobby Lobby and... Biddeford, ME Site / Location: 6 Old Dogs Lane, Biddeford, ME Square Feet: 15,000 Tenant(s): Dunkin' Donuts, Five Guys, US Cellular, Firehouse Subs, Sports Clips, Mattress Firm, GameStop Project Type: Multi-Tenant Shopping Center Year Acquired: 2016 https://www.youtube.com/watch?v=et9p1C4RAxI Fayetteville, NC Site / Location: 2050 Skibo Rd. Square Feet: 8,900 Tenant(s): Habit Burger, T-Mobile, Aspen Dental Project Type: Multi-Tenant Outparcel Year Acquired: 2017 Shopping Center, Solon, OH Site / Location: 6025 Kruse Drive Square Feet: 182,334 Select Tenant(s): Old Navy, Bed Bath & Beyond, Ulta Beauty, Lumber Liquidators Project Type: Outparcel Development and Multi-Tenant Strip Center Year Acquired: 2021 Planet Fitness, Salem, OR Site / Location: 5240 Commercial Street Southeast Square Feet: 23,310 Tenant(s): Planet Fitness Project Type: Year Acquired: 2019 Beavercreek, OH Site / Location: 2440 N. Fairfield Road Square Feet: 55,000 Tenant(s): Hobby Lobby Project Type: Build to Suit Year Acquired: 2015 Shopping Center, Bethel Park, PA Site / Location: 5110 Library Road Square Feet: 7,500 Tenant(s): Starbucks, Supercuts, Mattress Firm Project Type: Multi-Tenant Strip Center Year Acquired: 2015 Shopping Center, Butler, PA Site / Location: 360 New Castle Rd. Square Feet: 58,950 Tenant(s): Dick's Sporting Goods, Starbucks, Aspen Dental, Mattress Firm Project Type: Out Parcel Development and Reverse Build to Suit Year Acquired: 2013 Shopping Center, North Richland Hills, TX Site / Location: 2050 Skibo Rd. Square Feet: 8,900 Tenant(s): Habit Burger, T-Mobile, Aspen Dental Project Type: Multi-Tenant Outparcel Year Acquired: 2017 Shopping Center, Richmond, VA Site / Location: 5700 Hopkins Road Square Feet: 180,000 Select Tenant(s): Walmart, Gold’s Gym, Wendy’s, Wells Fargo, DaVita Dialysis, Firestone, CSL Plasma Project Type: Outparcel Development and Multi-Tenant Strip Center Shopping Center, Wheeling, WV Wheeling, a city in Northern West Virginia in Ohio and Marshall counties, is located on what is known as the northern panhandle. The subject parcel is located in The Highlands shopping, dining and entertainment complex just east of Wheeling, WV in Triadelphia, WV. This is a master planned development that has been underway for 10 years. Tenant delivery 2014. Site / Location: US 70 & Cabela Drive, Lot 7B Square Feet: 14,850 Tenant(s): Mattress Firm, Kay Jeweler's, GNC, Sally Beauty, Five Guys Burgers, Great Clips, Sprint Project Type: Build to Suit Year Acquired: 2014
Shopping Center, Phoenix, AZ Site / Location: 3131 E Thunderbird Road Square Feet: 128,097 Select Tenant(s): Walgreens, Vasa Fitness, H&R Block, Subway, FastMed Urgent Care Project Type: Outparcel Development and Multi-Tenant Strip Center Year Acquired: 2021
Burger King, Phoenix, AZ Site / Location: 1645 W. Bell Road Square Feet: 3,200 Select Tenant(s): Burger King Project Type: Single-Tenant Ground Lease Year Acquired: 2018
Bank of America, Cupertino, CA Site / Location: 21020 Homestead Road Square Feet: Approx. 6,000 Select Tenant(s): Bank of America Project Type: Single-Tenant Ground Lease Year Acquired: 2018
Site Plan, Hayward, CA Site / Location: NEC Whipple Road and Wiegman Road Square Feet: 5,000 Select Tenant(s): Currently for Lease Project Type: Build to Suit or Ground Lease Year Acquired: 2018
Verizon Wireless, Redding, CA This property is a pad to a shopping center that includes Michael's, Cost Plus World Market and Best Buy. The site is surrounded by a dense concentration of retail centers within a 1.5 mile radius. This property is located in the heart of Redding's primary retail trade area, one block from Mt. Shasta Mall, the area's premier regional mall that is home to over 80 retail stores and anchored by Macy's. Site / Location: 1094 Hilltop Drive Square Feet: 3,800 Tenant(s): Verizon Wireless Project Type: Build to Suit Year Acquired: 2017 https://www.youtube.com/watch?v=rJ96L9lLFyI
Shopping Center, Littleton, CO Site / Location: 1500 W Littleton Boulevard Square Feet: 93,889 Select Tenant(s): Dollar Tree, Sherwin-Williams Paints Project Type: Multi-Tenant Strip Center Year Acquired: 2021
Shopping Center, Jacksonville, FL Site / Location: 10320 Shops Lane Square Feet: 102,979 Select Tenant(s): Dollar Tree, Chuck E. Cheese’s, Escapology, Haverty’s Project Type: Outparcel Development and Multi-Tenant Strip Center Year Acquired: 2021
PDQ, Deerfield Beach, FL Site / Location: 3333 W. Hillsboro Blvd. Square Feet: 3,300 Tenant(s): PDQ Project Type: Single-Tenant Ground Lease Year Acquired: 2018 https://www.youtube.com/watch?v=umnW8RU7LBE
Outback Steakhouse & Mattress Firm, Pensacola, FL The subject property is approximately 153,000 square feet of undeveloped land, located at the southeast signalized intersection of Airport Boulevard and North Davis Highway. The intended development includes the construction of 13,000 SF of building and a ground lease. The property is ideally positioned at the southern gateway to University Town Plaza and the eastern gateway to Cordova Mall, Sacred Heart Medical Center, Washington High School, Pensacola State College, and the Pensacola Airport. Some of the major businesses in the area include Beall’s Department Store, JoAnn Fabrics, Hobby Lobby, Kirkland’s, Barnes & Noble, hhGregg, Sports Authority, Sam’s Club, Lowe’s Home Improvement, The Home Depot, Michael’s, Target, Office Depot, Publix, Rave Motion Pictures, and La-Z-Boy Furniture. Tenant delivery 2015. Site / Location: Airport Blvd. & Davis Highway Square Feet: 6,500 & 7,000 Tenant(s): Outback Steakhouse & Mattress Firm Project Type: Adaptive Reuse Year Acquired: 2012
Shopping Center, Orlando, FL Millenia Plaza, Orlando, FLProperty TypeRetail, Strip CenterRegionSoutheastStrategyDevelop-to-CoreInvestment StructureJoint VentureAcquired4Q 2015 SquareFootage18,900Number of Tenants6Tenant SectorRestaurants, Furniture, Consumer ElectronicsType of LeaseNetDisposition Price$16,570,000 Investment Summary We acquired this asset through a preferred long-term relationship with Target Stores. The asset was 3.1 acres of vacant outparcels to a Super Target anchored center, known as Millenia Plaza. We constructed 3 buildings on 3 parcels with long-term, corporately backed leases. Located in the 23rd largest U.S. metro, the asset draws from a retail trade area that consists of 1.5 million people with a potential for retail expenditures north of $5 billion. The asset is situated at the gateway to Millenia Plaza benefiting from excellent visibility along Millenia Blvd and has a signalized entrance to the larger center. The asset is near the Mall at Millenia, the #1 mall in the state of Florida and top-ten in the US (anchored by Neiman Marcus, Bloomingdale’s, and Macy’s, including...
Shopping Center, Canton, GA Site / Location: 108 Riverstone Pkwy Square Feet: 125,000 Tenant(s): Ingle’s Market, Staples, Aaron Rents, Metro PCS, Planet Fitness, Sherwin Williams, Dollar Tree and more Project Type: Value-Add Year Acquired: 2017
Shopping Center, Bradley, IL Site / Location: 108 Riverstone Pkwy Square Feet: 125,000 Tenant(s): Ingle’s Market, Staples, Aaron Rents, Metro PCS, Planet Fitness, Sherwin Williams, Dollar Tree and more Project Type: Value-Add Year Acquired: 2017
Crestwood, IL Site / Location: 13235 S. Cicero Ave. Square Feet: 6,517 Tenant(s): Starbucks, Mattress Firm Project Type: Multi-Tenant Shopping Center Year Acquired: 2015
Shopping Center, Oak Park, MI Site / Location: NWC of Coolidge Hwy and 9 Mile Road Square Feet: 100,000 Tenant(s): CVS, Save-a-Lot, Cricket Wireless, SVS Vision and more Project Type: Value-Add Year Acquired: 2017
Palatine Plaza, Chicago, IL Palatine Plaza, Chicago, IL Property Type Retail, Strip Center Region Midwest Strategy Develop-to-Core Investment Structure Joint Venture Acquired 2Q 2016 Square Footage 12,700 Number of Tenants 3 Tenant Sector Restaurants, Consumer Electronics, Furniture Type of Lease Net Disposition Price $8,100,000 https://www.youtube.com/watch?v=mjn2nP8nIlQ Investment Summary We acquired this asset off-market by touring and analyzing the market, then proactively contacting the owner. The asset was 1.5 acres of vacant land on the intersection of the market’s two preeminent thoroughfares with outstanding visibility. We subdivided the parcel to construct 3 buildings on 3 parcels with long-term, corporately backed leases. Located in the 3rd largest U.S. metro, this affluent submarket is approximately 30 miles from Chicago’s CBD and characterized by a diversified economy and deep labor pool. The asset is situated in the middle of 850,000 square feet of retail space that is anchored by Walmart, Target, TJ Maxx, HomeGoods, Petco, Aldi, Hobby Lobby and...
Biddeford, ME Site / Location: 6 Old Dogs Lane, Biddeford, ME Square Feet: 15,000 Tenant(s): Dunkin' Donuts, Five Guys, US Cellular, Firehouse Subs, Sports Clips, Mattress Firm, GameStop Project Type: Multi-Tenant Shopping Center Year Acquired: 2016 https://www.youtube.com/watch?v=et9p1C4RAxI
Fayetteville, NC Site / Location: 2050 Skibo Rd. Square Feet: 8,900 Tenant(s): Habit Burger, T-Mobile, Aspen Dental Project Type: Multi-Tenant Outparcel Year Acquired: 2017
Shopping Center, Solon, OH Site / Location: 6025 Kruse Drive Square Feet: 182,334 Select Tenant(s): Old Navy, Bed Bath & Beyond, Ulta Beauty, Lumber Liquidators Project Type: Outparcel Development and Multi-Tenant Strip Center Year Acquired: 2021
Planet Fitness, Salem, OR Site / Location: 5240 Commercial Street Southeast Square Feet: 23,310 Tenant(s): Planet Fitness Project Type: Year Acquired: 2019
Beavercreek, OH Site / Location: 2440 N. Fairfield Road Square Feet: 55,000 Tenant(s): Hobby Lobby Project Type: Build to Suit Year Acquired: 2015
Shopping Center, Bethel Park, PA Site / Location: 5110 Library Road Square Feet: 7,500 Tenant(s): Starbucks, Supercuts, Mattress Firm Project Type: Multi-Tenant Strip Center Year Acquired: 2015
Shopping Center, Butler, PA Site / Location: 360 New Castle Rd. Square Feet: 58,950 Tenant(s): Dick's Sporting Goods, Starbucks, Aspen Dental, Mattress Firm Project Type: Out Parcel Development and Reverse Build to Suit Year Acquired: 2013
Shopping Center, North Richland Hills, TX Site / Location: 2050 Skibo Rd. Square Feet: 8,900 Tenant(s): Habit Burger, T-Mobile, Aspen Dental Project Type: Multi-Tenant Outparcel Year Acquired: 2017
Shopping Center, Richmond, VA Site / Location: 5700 Hopkins Road Square Feet: 180,000 Select Tenant(s): Walmart, Gold’s Gym, Wendy’s, Wells Fargo, DaVita Dialysis, Firestone, CSL Plasma Project Type: Outparcel Development and Multi-Tenant Strip Center
Shopping Center, Wheeling, WV Wheeling, a city in Northern West Virginia in Ohio and Marshall counties, is located on what is known as the northern panhandle. The subject parcel is located in The Highlands shopping, dining and entertainment complex just east of Wheeling, WV in Triadelphia, WV. This is a master planned development that has been underway for 10 years. Tenant delivery 2014. Site / Location: US 70 & Cabela Drive, Lot 7B Square Feet: 14,850 Tenant(s): Mattress Firm, Kay Jeweler's, GNC, Sally Beauty, Five Guys Burgers, Great Clips, Sprint Project Type: Build to Suit Year Acquired: 2014