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Shadow Anchors Provide Draw for Retail Asset

A nearby Albertsons and Walmart Supercenter provide necessity-based daily-needs attraction to Quarry Creek Plaza here, a retail center that is 92.6% leased to a variety of Internet-resistant tenants.

By Carrie Rossenfeld | Updated on January 04, 2018

Quarry Creek Plaza Quarry Creek Plaza is located at the entrance to the Preserve, a master-planned community in Carlsbad. Photo: Patrick Tang of Take Flyt Imaging.

OCEANSIDE, CA—Shadow anchors in the form of a nearby Albertsons and Walmart Supercenter provide necessity-based daily-needs attraction to Quarry Creek Plaza, a 15,690-square-foot retail center here that has been sold by Quarry Creek Investors for an undisclosed amount to an undisclosed buyer. A variety of Internet-resistant tenants also add to the center’s appeal.

HFF‘s retail-investment advisory team representing the seller included Gleb Lvovich, along with Mike Moser, partner at Retail Insite, who worked on the center leasing and assisted in deal execution. Lvovich tells GlobeSt.com, “Shadow anchors, especially ‘daily needs’ anchors like grocery stores, help drive traffic to the center and help nearby retail centers due to cross shopping.”

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