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Mark Baziak recently completed a lease transaction with grocer Vallarta.

Grocery tenants have become the holy grail for retail owners, but with rapid expansion from several small grocers and some small brands shuttering in recent years, vetting grocery tenants has become an artistry. Brokers are looking at target audiences now more than ever before to ensure the store is a good fit for the center and the neighborhood. Still, grocery tenants remain the preferred anchor for shopping centers and there is plenty of tenant demand to go around. Mark Baziak, senior managing director at Newmark Knight Frank, gives us some insight into the leasing activity for these tenants, which ones are seeing healthy growth and how he is vetting grocery tenants to make sure they prosper in the shopping center.

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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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