JS Western Retail Investments (“JS Western”) focuses on internet-resistant, daily-needs retail in dynamic sub-markets of the major metropolitan areas we cover (San Diego, Denver, Portland, Seattle, Salt Lake City and Los Angeles). Value-Added opportunities offering potential near-term revenue enhancements that could result from re-positioning the tenant mix, leasing vacancies, building expansion space for existing or new tenants and building out pads.
JS Western seeks existing assets in the Western United States
- CA (San Diego, Los Angeles, Bay Area)
- CO (Denver MSA)
- OR (Portland)
- WA (Seattle)
- UT (Salt Lake City)
PROPERTY TYPES (just add the 4th bullet)
- Neighborhood and community anchored centers
- Strip centers (un-anchored)
- Urban and mixed-use properties
- Retail boxes with value creation potential
- Creative office
- Portfolios and individual assets.
- Established locations with strong incomes and population growth.
- Markets with barriers to entry.
- Average household income in the upper percentile for the market.
- Necessity-based retail properties.
- Stabilized properties or properties in need of re-positioning, value enhancement or expansion.
PRICE, SIZE, & TERMS
$5m - $25m
20,000 sf or greater gross leasable area.
3-5 year leveraged IRR’s in excess of 15%.