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Acquisition STRATEGY
Terramar Retail Centers is acquiring well anchored neighborhood and community shopping centers. Acquisition of individual properties or portfolio purchases will be considered.
PROPERTY TYPE
- Grocery store anchored neighborhood and community centers.
- 50,000 square feet or greater gross leasable area.
- Prefer upside potential created by:
• Growth in rents
• Redevelopment opportunities
• Expansion land
• Vacant space
- Transaction sizes: $8M+.
TERRAMAR RETAIL CENTERS
- All cash buyer...no financing contingencies.
- Quick closings...30 to 60 days.
- Purchased over 5 million square feet in California, Arizona, Washington, Oregon and Colorado
SITE CHARACTERISTICS
- Medium to high population and income demographics
- High traffic intersections
- Strong anchor sales
FOCUS
Current Markets: California, Oregon, Washington and Hawaii
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