LOS ANGELES–“I want to go where the people are,” Pat Barber, VP of Real Estate at Grocery Outlet, told attendees at this week’s GlobeSt. Net Lease 2023 Fall conference in Los Angeles. “Everyone buys food; we want to be centrally located. And equally important is the level of competition – my favorite sites are the ones that don’t have any. I can’t stand competition.”

The balance between those factors, Barber said, “is the single-best way” to measure what a site’s price per square foot will be. He says Grocery Outlet uses an outside vendor to case stores, a practice he says is “the only reliable way to know what the stores are actually doing.”

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GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

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GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

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