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Greenway Commons Costco-anchored Greenway Commons was acquired last year.

HOUSTON—Overall retail investment transaction volume decreased by 22.5% in 2017 and investment into grocery-anchored centers increased by 5.3% last year. It was one of the only retail sectors to record growth in a year of low retail transaction volume, according to JLL’s US investment outlook.

While there is a steady and growing investor appetite for grocery-anchored assets, actual store expansions have slowed slightly following years of aggressive growth, according to JLL’s grocery tracker 2018 report. Grocery openings decreased 28.8% from 2016 to 2017 as some grocers reined in expansion plans.

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Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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