Donahue Schriber's Mossman

Management of shopping-center owner Donahue Schriber has long said the company would expand outside of its portfolio base in Arizona, California and Nevada. That was accomplished last month when the firm bought the 650,000-sf Keizer (OR) Station, as part of a $190-million portfolio deal. Additionally, the company promoted Jack Steinhauer to the new post of director of acquisitions and developments, and he is charged with leading a push into Washington, Oregon, Idaho, Montana and Wyoming. In its core states, the company has 19 development projects underway totaling 3.7 million sf, and the firm owns 93 retail assets. Dave Mossman, EVP of developments and acquisitions, recently spoke with GlobeSt.com about the firm’s expansion into other states and the general retail climate.

GlobeSt.com: Why did you decide to start expanding into other states now?

Mossman: It’s been part of our strategic plan to be Denver and West for some time now. Really, it’s opportunity specific. That is the reason for why it happened now. We looked at several things up in the Pacific Northwest, and when you’re going to make a move into a new area, you either have to do it either as a portfolio or by size, just to make it efficient. One couldn’t run one small center in Oregon or Washington out of our current offices. This opportunity presented itself, and we were able to check the box on the size.