Monday, August 15, 2011

Investor interest in grocery-anchored centers is growing

According to a story in the Supermarket News last week, the president and COO of the country's largest commercial real estate valuation firm said investor interest is growing in grocery-anchored shopping centers. Jeffrey Rogers of Integra Realty Resources expects anchor tenants to regain strength and small shop leasing to increase in neighborhoods that are showing signs of an economic recovery.

Rogers said interest in these grocery-anchored shopping centers comes mainly from value investors willing to hold their investments while the economy recovers. He added that investors aren't looking for anchors of a particular size; rather, they want stores that are performing well.

Commenting on the recent trend of unusual tenant mixes (like Costco and Aldi in Queens, NY), Rogers said, "Any concept or mix that can generate traffic and money, shopping center owners are willing to try."

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