We're Shopping, Too.
What We're Looking For
Market dominant shopping centers anchored by national and regional tenants; Grocery anchored centers preferred; Top 50 MSA's and high growth population corridors; Sites well positioned within market's strongest retail corridor; Population density of over 100,000 in 5-mile radius; Average household income above $75,000 within 5-mile radius; Prefer value add and core plus opportunities; $10 million minimum deal size with preference for portfolios.
Hubbards Commons—West Babylon, NY
Hubbards Commons is a 65,970 square-foot shopping center in West Babylon, New York. It will be anchored by one of the first Lidl locations (36,000 square feet) in Long Island when it opens in 2020. Hubbards Commons is home to a strong, diverse mix of national and local tenants including Orangetheory Fitness, Walgreens, Subway and U-Need-A Bagel. This shopping center creates a unique one-stop destination for the nearly 150,000 residents within a three-mile radius of the center, with an opportunity to develop an additional 10,900 square-feet of space on an existing pad.
Eastgate Shopping Center—Lanham, MD
Eastgate Shopping Center is anchored by a 56,526 Giant Food, the leading market share grocer in the region. The property also features a diverse mix of leading national, regional and local retailers. The shopping center sits in a densely populated suburb of Washington, D.C. that includes a population of over 171,000 and an average household income of over $105,000 within a five-mile radius. The property sits within highly traveled thoroughfare on Greenbelt Road, which sees over 40,000 vehicles per day.
Southampton Shopping Center—Southampton, PA
Located 3.5 miles from the city limits of Northeast Philadelphia, Southampton Shopping Center is supported by strong demographic and economic fundamentals. The 5-mile radius surrounding the shopping center contains a population of over 210,000 with an average household income of over $98,000. Over the last three years, 74 percent of the in-place shop space at the property has executed lease renewals at rental rates that are on average 9 percent higher.
Caughlin Ranch—Reno, NV
Caughlin Ranch is strategically situated in the heart of a densely-populated master-planned community at the southwest corner of S. McCarran Blvd (NV-659) and Caughlin Pkwy. The plaza is situated on over twelve acres and benefits from two access points on Caughlin Pkwy and one on Village Green Pkwy. Raley's grocery store anchors the property along with a strong mix of national and local tenants including Starbucks, Wells Fargo, and Anytime Fitness.
The Trails—Ormond Beach, FL
The Trails is located at the intersection of N. Nova Road and Main Trail approximately one block north of W. Granada Boulevard. The shopping center is situated in a densely populated area and surrounded by single-family homes, townhomes and apartment communities. This Mediterranean-themed retail center is anchored by Publix and boasts an impressive list of national tenants including Talbots, White House | Black Market, Jos A Bank, Chico's, and The LOFT. Additional daily-needs, beauty, fitness and restaurant tenants further complement the mix at this walkable community retail center.
Oak Park Commons—South Plainfield, NJ
This asset provides 139,717 SF of GLA with three multi-tenant buildings as well as four single tenant structures. Oak Park Commons benefits from good mixture of national tenants including CVS, Advance Auto Parts, Dollar Tree, Goodyear Tire, McDonald’s and Wells Fargo Bank. South Plainfield is located approximately 22-miles southwest of Manhattan and 70-miles north of Philadelphia. The area is recognized as a major transportation corridor with the New Jersey Turnpike, I-287, the Garden State Parkway, Route-1 and Route-9 intersecting in the eastern part of Middlesex County. This is the first entry into New Jersey and the New York–Newark–Jersey City MSA for ShopOne Centers REIT.
McKinley Crossroads—Corona, CA
Built in 1989 and renovated in 2000, McKinley Crossroads is a 202,134-square-foot single-story community retail center. The three-building property is composed of both local and national tenants, which include anchors 24-Hour Fitness and Organic Roots. This acquisition marks ShopOne’s entry into the California market. The property is located in the city of Corona, parallel to Riverside Freeway (State Route 91) and is conveniently situated near a four-way highway interchange. Corona is located approximately 45 minutes southeast of Los Angeles.