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Rising Above the Challenging Power-Center Sales Environment

Many power centers house dominant retailers that are still healthy performers within their respective categories—many of which are still categorized as investment grade, REZA's Ramez Barsoum tells GlobeSt.com.

By Carrie Rossenfeld | carrierossenfeld | Updated on September 13, 2017

Ramez Barsoum Barsoum: “Despite the recent narrative in the media propagating the demise of retail, property fundamentals are still paramount to an asset’s performance.”

IRVINE, CA—Many power centers house dominant retailers that are still healthy performers within their respective categories—many of which are still categorized as investment grade, REZA Investment Group Inc.‘s managing director Ramez Barsoum tells GlobeSt.com. The firm recently sold four retail power centers totaling more than 664,000 square feet: Florin Towne Centre, a 267,010-square-foot, open-air power center in Sacramento anchored by a 213,455-square-foot Walmart Supercenter; Redwood Gateway, an approximately 158,473-square-foot, institutional-quality community shopping center in Petaluma, CA, anchored by Kohl’s, Michael’s and Tuesday Morning; Mohave Crossroads, an approximately 182,168-square-foot center in Bullhead City, AZ, anchored by Target and Kohl’s; and Laveen Village Marketplace, an institutional-quality community shopping center anchored by Fry’s Food & Drug and Home Depot that encompasses approximately 282,400 square feet of retail space in the Phoenix submarket of Laveen, AZ.

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