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.
MATT PERLMUTTER
ACQUISITIONS OFFICER
As the Acquisitions Associate, Matt is responsible for sourcing and underwriting value-add grocery-anchored shopping center acquisitions and redevelopment opportunities throughout the country. In addition, Matt plays a critical role in the financing, disposition, and asset management of the Broad Reach portfolio.
Prior to joining Broad Reach, he worked at Newmark and was responsible for underwriting, due diligence, and market research on the loan sales team where he sold, financed, or valued more than $5 billion of loans and properties. Matt holds a Bachelor of Arts in Economics from the University of Maryland, College Park, and enjoys traveling, as well as playing golf and basketball.
SIMON GRAFF
CAPITAL TRANSACTION ASSOCIATE
SIMON GRAFF
CAPITAL TRANSACTION ASSOCIATE
Simon has over six years of experience in the financial services industry. As the Capital Transactions Associate, he is responsible for the acquisition due diligence, disposition, financing, and asset management of the Broad Reach portfolio.
Prior to joining Broad Reach, he worked at Jones Lang LaSalle (JLL) and was responsible for facilitating cross-border investments into the US market, sourcing more than $4.5 billion in acquisition volume into various property sector asset classes during his tenure.
Simon holds a Bachelor of Arts in Political Science from Miami University, a Master of Arts in International Commerce from George Mason University, and is currently pursuing his Master of Science in Real Estate Finance from Georgetown University. He is bilingual, having been raised in a Swiss-German and English-speaking household.
- 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.