Why You Should Invest in B-Class Malls

LOS ANGELES—Retail is changing to destination-driven centers, but Pacific Retail’s Steve Plenge says that there are still big opportunities investing in the right class-B malls in this EXCLUSIVE interview.

Steve Plenge

LOS ANGELES—Low-grade retail centers are providing big opportunities for retail redevelopment, according to Steve Plenge, managing principal at Pacific Retail Capital Partners. While the retail market is shifting, grade-A retail centers are finding major success, but anything less has “become synonymous with failing,” according to the firm. Plenge says that this is a mistake, declaring that there are major opportunities to redevelop grade-B malls into class-A properties. To find out more about the potential for class-B retail investment and what investors should look for when considering these redevelopment opportunities, we sat down with Plenge for an exclusive interview.

GlobeSt.com: What is the difference between a grade-A mall and a grade-B mall?

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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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