Grocery-Anchored Retail Acquisitions and Dispositions
Every community needs a shopping center in today’s evolving market. Shopping centers add value to communities and drive local development by providing essential goods and services. Local stores also provide jobs and tax revenue to the local treasuries, which support local sports, schools, and infrastructure.
Broad Reach Retail Partners understands the ever-increasing need for strong grocery-anchored shopping centers.
Broad Reach is Always Shopping!
We are always in the market for shopping centers with potential.
We specialize in necessity-based centers that have a strong anchor or shadow anchor. Contact our acquisitions team to discuss your opportunity.
Type
- Value-Add: Grocery, Walmart, or Target-anchored retail with strong sales and upside through lease-up or development
- 15%+ Vacancy
- 7.0%+ Cap Rates
- Redevelopment: Shopping center with vacant anchor space suitable for redevelopment
Geography
- Open to opportunities nationwide with a preference for the midwest, southeast, and east coast
- Primary, secondary, and tertiary markets considered
Size
- Generally $5-$50M (single assets)
- Portfolios wanted
Recent Closings:
| Henderson Pointe | Avent Ferry | Warsaw Village |
Send Us Your Deals!
NATHAN S. MCKAY
ACQUISITIONS OFFICER
Nathan “Nate” McKay has over 10 years of experience in commercial real estate. In his role as Acquisitions Officer, Nate is responsible for sourcing and evaluating acquisitions and redevelopment opportunities throughout the United States. In addition to his role in acquisitions, he assists with financing, due diligence and capital raising.
Prior to joining Broad Reach, he worked as the Director of Market Research for First Washington Realty, a pension fund adviser that owns core grocery-anchored real estate throughout the United States. Nate has experience in valuation, deal sourcing and market analysis, and was involved in the acquisition of over $350M of shopping centers. Nate also worked as a Senior Analyst at First Capital Realty, an institutional apartment broker, and assisted in the sale and marketing of $650M in assets.
He holds a Master of Science in Real Estate from American University, and a Bachelors of Business Administration with a concentration in Finance from the University of Hawaii at Manoa.
DAVE ROGERS
ACQUISITIONS ASSOCIATE
As the Acquisitions Associate, David focuses on sourcing and underwriting new acquisitions and redevelopment opportunities across the country. Prior to joining Broad Reach, he worked as a Capital Markets Associate for Metropolis Capital Advisors, where he arranged financing for all property types around the Mid-Atlantic region. David Holds a Bachelor’s Degree in Economics from Ursinus College. We are excited to have Dave as a member of our crew!
- Grocery-anchored retail: We buy, lease, and manage grocery-anchored retail shopping centers selling necessity-oriented offerings or general merchandise.
- Strong grocery sales: The Broad Reach team only considers centers with strong tenant sales, good margins, and achievable upside, emphasized by established markets anchored by a dominant grocer.
- Value-add: We transform underutilized shopping centers into thriving retail hubs, creating value with increased occupancy and cash flow, filling retail voids, and helping local economies grow. We have years of experience when it comes to dealing with retail acquisitions and dispositions, as well as with pad sales or developable land.