Acquisitions
Geographic Location Preference
Center Type/Preference
| Type: |
Size Range: |
Major Anchors: |
| Neighborhood Center |
8 - 15 acres |
Grocery, Drug, Other |
| Community Center |
15 - 30 acres |
Grocery, Drug, Other |
| Power Center |
30 - 60 acres |
“Big Box” Users |
| Infill Sites |
1.5 - 8 acres |
Convenience Retail |
Property Acquisition Conditions
Entitled
- Anchor tenant commitments will be obtained by Petrovich Development Company.
Unentitled
- Zoning and entitlements will be secured by Petrovich Development Company.
- Anchor tenant commitments will be obtained by Petrovich Development Company.
Ownership
- Single parcel ownership desirable. Assemblies and multiple parcel transactions
acceptable.
Property Acquisition & Construction Financing
Preference
- Financing is not a condition to close escrow.
Desirable Property Attributes
- Strong intersection – solid traffic counts
- Property depth – minimum 500 feet
- Property width – minimum 600-700 feet
- Major utilities available to site
- Topography supporting maximum GLA yield
- Good visibility from arterials
- Population – 3 mile radius – minimum 25,000