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How Retail Investors Are Maximizing Value

Champion Real Estate Co. reduced the square footage on a grocery-anchored shopping center as part of its value-add strategy, and it paid off.

Grand & Alosta Grand & Alosta

Champion Real Estate Co. has completed a value-add strategy on Grand & Alosta, a grocery-anchored shopping center in Glendora. The investor redeveloped the 85,615-square-foot retail center into a 70,811-square-foot property, reducing the square footage. Champion purchased the asset in 2016, and sold it with multiple offers and strong interest.

“Champion Real Estate Company’s plan was to take an 85,615 square foot single tenant building and redevelop it into a 70,500 square foot neighborhood center,” Chris Wilson, EVP and retail partner with Champion Real Estate Co., tells GlobeSt.com. “We replaced the demolished gross leasable area with two very desirable street front pads. We leased the project with daily needs tenants that would appeal to the community.”

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Kelsi Maree Borland

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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