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Retail has rebounded this year. Despite the growth of ecommerce, retail investors have realized success in the market, largely by focusing on quality locations and community needs. For retail investor Investec, coastal Southern California is that quality market with strong community demographics. With a recent shopping center purchase in Oxnard, the firm continues to be bullish on the Southern California retail market.

“Coastal California and, more specifically, 10 miles from the coast, has always been our target area because of the demographics that live within these areas and the high barriers to entry for new development,” Kenneth Slaught, president of Investec, tells GlobeSt.com. “We see higher household incomes, store rental rates and sales throughout our portfolio when compared to non-coastal properties.”

Kelsi Maree Borland

Kelsi Borland is a freelance writer and editor living whose work has appeared in such publications as Travel + Leisure, Angeleno and Riviera Orange County.

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