CHICAGO—Next Realty, LLC, through affiliates and on behalf of Next Realty Fund VIII, LP, has just closed on the acquisition of two grocery-anchored shopping centers in Richmond, VA and Barrington, IL, a suburb of Chicago. Company officials say that grocery-anchored shopping centers have become one of the more appealing retail investments, and should get even more appealing in 2015.
“The grocery industry has gone through a significant evolution over the last several years, with the consolidation of certain operators and the expansion of others,” says Eteri Zaslavsky, managing director, Next Realty. “As the capital markets continue to strengthen, investments in centers that have strong grocery anchor tenants have become more attractive.”
Zaslavsky did not disclose the individual purchase prices, but says the combined value of the transactions exceeded $27 million.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
