We're Shopping, Too.
What We're Looking For
Necessity and value-oriented grocery-anchored neighborhood and community shopping centers; Existing grocer with Top 3 market share within a particular MSA; Top 100 MSAs, along with select college towns or established tourist destinations; Average household income more than $75,000 within a 3-mile radius; Population of more than 30,000 within a 3-mile radius; Individual Deal Size of $10M - $75M, with a Core-Plus to Value-Add return profile; Portfolio transactions larger than $75.0M considered.
Please submit any acquisitions opportunities to the acquisitions team.
North Providence Marketplace—North Providence, RI
North Providence Marketplace is a 112,497 SF neighborhood anchored by Shaw’s within the dense urban sprawl of Providence, Rhode Island. The center benefits from its proximity to Providence, the capital and largest city of Rhode Island, as well as its location just minutes away from Providence College (4,800 students) and Rhode Island College (7,500 students). Shaw’s has operated at this location since 1995 and is a top-performing store for the chain. Other national brands include Dollar Tree, Sally Beauty, and H&R Block. Acquired at 87% occupancy, North Providence Marketplace provides immediate upside through the potential lease-up of the available inline spaces.
Sharon Greens—Cumming, GA
Built in Atlanta’s affluent northern suburbs in 2001, Sharon Greens is a 98,224 square-foot shopping center anchored by Kroger. Kroger, the largest supermarket chain in America, has occupied Sharon Greens for over 20 years and recently completed a store remodel in early 2023. The fully occupied center provides necessity goods and services to the affluent surrounding population where the average household income within 3 miles exceeds $200,000. In addition to Kroger, national brands that call Sharon Greens home include Pet Supplies Plus, Chase Bank, Great Clips, and The UPS Store.
Heritage Park Plaza—East Longmeadow, MA
Heritage Park Plaza is a 117,337 SF neighborhood anchored by Stop & Shop just outside Springfield, MA. Stop & Shop has operated at this location since 1995 and is the #1 grocer by market share in New England. Given the center’s strong commercial location along N Main Street, many national and regional brands, including Petco, Dollar Tree, Panera Bread, and 99 Restaurant, are established here. The acquisition of Heritage Park Plaza also included 30+ acres of unimproved land in the rear of the center.
Bethesda Walk—Lawrenceville, GA
Besthesda Walk is a 68,721 SF shopping center positioned in a dense and dynamic submarket, there are 108,000 people within 3 miles of the property who benefit from the diverse mix of national, regional, and local tenants at the center. The property is anchored by a Walmart Neighborhood Market, which commenced a full store renovation in January of 2023. The property is also home to national brands such as Wingstop and Subway.
Kennesaw Walk—Kennesaw, GA
Kennesaw Walk is a 68,744 SF neighborhood shopping center anchored by Publix, the second largest grocer by market share in Georgia. The property is situated in a highly desirable and growing suburban Atlanta submarket. The center features a diversified and seasoned shop tenant mix with 55% of the shops being in business at Kennesaw Walk since it was built in 2004. The center is nestled between Baker Road and Jiles Road seeing nearly 31,000 ADT.
Lake Ridge Commons—Woodbridge, VA
Lake Ridge Commons is a 74,367 square foot neighborhood shopping center, anchored by Giant, located 20 miles southwest of Washington D.C in the affluent suburb of Woodbridge, Virginia. Situated at the corner of Old Bridge Road and Hedges Run Drive, Giant has operated at this location since construction in 1987 and serves over 80,000 residents within a three-mile radius.
Shoppes on the Parkway—Cary, NC
Located approximately 6 miles south of the Research Triangle Park and 10 miles west of downtown Raleigh, Shoppes on the Parkway is a 40,007 SF neighborhood shopping center anchored by a high-performing Fresh Market. Positioned in the heart of the affluent and densely populated neighborhoods of Cary, NC, the property contains a diverse roster of local and regional tenants that provide necessity-goods and services that cater to the local residential population.
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.