GlobeSt.com: What are the latest trends in food hall offerings?
Lopez: Food halls have become a new popular form of draw to retail centers or districts. Some operate as an anchor, and some operate as another retail-concept draw. They may also be called food marketplaces. Grand Central Marketplace in Downtown Los Angeles, the Anaheim Packing House District in Anaheim, CA, the OC Mix in Costa Mesa, CA, and the new food marketplace at Pacific City in Huntington Beach, CA, each offer a unique mix of food vendors that are carefully curated by the operator for each specific marketplace. Theoretically, the Ferry Building in San Francisco and Pike Place Market in Seattle could qualify, since these facilities have multiple retailers and food vendors, each serving a customer base looking for diverse experiences. The food-vending experiences are carefully curated by the operators, with the customer base seeking a unique culinary experience that is far surpassing traditional “food courts” found in malls and shopping centers over the past several decades.
GlobeSt.com: What makes food halls attractive to investors?
Lopez: At this point in time, there hasn't been a significant amount of sales volume or investment activity isolated to food halls/marketplaces to indicate a value from an investment standpoint. Although the Oxbow in Napa, CA, is currently and quietly for sale, no indication of the status or value is available currently. Whether or not food halls/marketplaces are attractive to investors has yet to be seen because each is so individually unique.

Instant Insights /

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