Our Acquisition Criteria

Property Type

We focus on larger grocery-anchored neighborhood centers, community centers, lifestyle centers, collections of street retail and properties that lend themselves to long-term mixed-use redevelopment and/or include non-retail components, such as office or residential. 

Transaction Structure

We have the ability to creatively structure transactions to meet the owners’ estate and tax planning objectives, such as issuing OP Units and assuming existing loans if the debt is uneconomic to retire at closing.

Size

Minimum gross leasable area of 75,000 square feet. Minimum investment of $15 million.

Demographics

We require a minimum population of 50,000 within a three-mile radius of the property.

Geographic Areas

We pursue proven regional trade areas within the following markets:

Mid-Atlantic Region

Washington, DC Metro
  • District of Columbia
  • Maryland: Charles, Frederick, Montgomery, and Prince George’s Counties
  • Virginia: City of Alexandria and Arlington, Fairfax, Loudoun, and Prince William Counties

Northeast Region

Boston Metro
  • Generally within I-495
New York Metro
  • Connecticut: Fairfield County
  • New York: Bronx, Brooklyn, Queens and Staten Island; and Westchester, Nassau and Suffolk Counties
  • New Jersey: Bergen, Essex, Hudson, Hunterdon, Middlesex, Monmouth, Morris, Passaic, Somerset, and Union Counties
Philadelphia Metro
  • Pennsylvania: Bucks, Chester, Delaware, Montgomery, and Philadelphia Counties
  • New Jersey: Burlington, Camden, Gloucester, Mercer, and Ocean Counties

Western Region

Northern California
  • San Francisco, Santa Clara, San Mateo, Alameda, Contra Costa, and Marin Counties
Southern California
  • Los Angeles, Orange, San Diego and Ventura Counties
  • Primestor Acquisitions: Federal Realty, through its joint venture with Primestor, seeks to acquire neighborhood and community shopping centers with re-leasing and redevelopment potential and located in dense, urban infill, predominantly Latino sub-markets throughout southern California. For more information, please visit www.primestor.com/acquisitions

Southeast Region

Florida
  • Miami-Dade, Broward and Palm Beach Counties

Midwest Region

Chicago Metro
  • Cook, Lake and DuPage Counties
Recent Acquisitions

Discover our most recent
acquisitions.

Eastern Region

Western Region