Covington Fresh Market

Acquisitions

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.

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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
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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!

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NATHAN S. MCKAY

ACQUISITIONS OFFICER

: 443-832-6005

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MATT PERLMUTTER

ACQUISITIONS OFFICER

: 443-775-3151

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SIMON GRAFF

CAPITAL TRANSACTION ASSOCIATE

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Broad Reach Retail’s Goal With Commercial Retail Real Estate Acquisitions

Our goal is to navigate the future of retail real estate while creating value for partners, properties, and people. Our team is experienced with all facets of commercial real estate.

Broad Reach Retail’s mission is to increase community value by acquiring broken or underutilized grocery-anchored shopping centers and turning them around for tenants, potential new owners, and the surrounding community’s consumers. Three keys guide our disciplined retail real estate acquisitions:

  • 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.