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Ecommerce Sales Prime Grocery Centers for a Great 2017

LOS ANGELES—Joe Dykstra and Randy Banchik of Westwood Financial expect a great year for grocery-anchored and daily needs retail, thanks to strong ecommerce sales, they say in this EXCLUSIVE interview.

Joe Dykstra Joe Dykstra is the co-CEO of Westwood Financial Corp.

LOS ANGELES—Grocery-anchored and daily needs retail centers are poised for another strong year. According to Joe Dykstra and Randy Banchik, co-CEOs of Westwood Financial, strong ecommerce sales will continue to drive the retail niche in 2017. Earlier this year, Westwood consolidated its real estate portfolio, a strategic play to take advantage of grocery-anchored retail properties. To find out what they expect from the market next year and how they are building a strategy around those expectations, we sat down with Dykstra and Banchik for an exclusive interview. Here, they talk about the challenges facing the market, what to retail trends will dominate in 2017 and why they are still bullish on grocery-anchored centers.

GlobeSt.com: What is your outlook for the grocery-anchored retail center niche in 2017?

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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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