neighborhood shopping center


Also found in: Acronyms.

neighborhood shopping center

Generally a straight-line strip center with a grocery store anchor, sometimes a drugstore, and other small retailers. It caters to shoppers in the immediate neighborhood for convenience items,such as laundry,hair and nail care,video rental,tanning salons,mail and package stores,and gift items.

References in periodicals archive ?
unveiled a policy Thursday of actively opening food-oriented supermarkets with the Ito-Yokado brand as the core of neighborhood shopping centers, starting in fiscal 2007.
"We feel very good about the quality and long term prospects for the neighborhood shopping centers in Pan Pacific's portfolio," said Kimco's Chairman and Chief Executive Officer, Milton Cooper.
New York: Sports Authority's withdrawal from some locations, related to its Chapter 11 bankruptcy protection filing, may pressure smaller strip malls or neighborhood shopping centers, Fitch Ratings says.
Rockville, Maryland-based Washington Real Estate Investment Trust (WRIT) has acquired two neighborhood shopping centers in Montgomery County, Maryland, for $50.3 million.
BANKING AND CREDIT NEWS-March 15, 2017-Baceline Investments acquires 2 neighborhood shopping centers in Milwaukee
M2 EQUITYBITES-March 15, 2017-Baceline Investments acquires 2 neighborhood shopping centers in Milwaukee
The financing was secured by a 12-property portfolio of neighborhood shopping centers containing more than 1,746,000 square feet, located in five states.
Founded in 2003, Baceline Investments specializes in the acquisition, management, and sale of cash-flowing, necessity-based neighborhood shopping centers located in select secondary markets across America's Heartland.
This is the second transaction that CIT has completed with Garrison this year--the first was for $35.7 million for 12 community and neighborhood shopping centers, also based in the Midwest.
is a public non-traded real estate investment trust that seeks to acquire and manage well-occupied grocery-anchored neighborhood shopping centers having a mix of national and regional retailers selling necessity-based goods and services.
In addition to general corporate purposes and to refinance in place secured debt, the company said it will use the proceeds to finance the acquisition of grocery-anchored neighborhood shopping centers.
has completed the sale of 15 non- strategic community and neighborhood shopping centers to Phillips Edison & Company for an aggregate of approximately $68.5 million.
Full browser ?