Acquisitions

Stanbery Development Group, LLC is actively seeking opportunities to acquire shopping centers and mixed use properties which are in need of repositioning, as well as land on which to develop retail driven mixed-use projects.

The general acquisition criteria include, but are not limited to:

Shopping Centers

Anchored or non-anchored neighborhood/community centers, power centers and lifestyle centers with minimum of 50,000 sqft, that are market dominant by tenancy and/or location. The ability to enhance property value through recapitalization, expansion, re-merchandising or redevelopment, during a holding period of three to seven years, is required. The “value add” criteria include: substantial vacancy, near term rollover, loss of an anchor, or significant capital expenditure required for remerchandising and/or rehabilitation.

Geography

Main concentrations are core, secondary, and selective tertiary markets in the eastern half of the United States. Areas of priority include:

Investment Size

$5,000,000 – $50,000,000

Our Team

Unrestricted by institutional processes, with an ability to creatively work through acquisition issues, our team will respond quickly to new opportunities. To submit a property for our consideration, including those that may not meet the above criteria, please contact us.

Marc Hays: Email or (216) 577-6851

Jon Meyer: Email or (614) 824-2910

Brandon Nutting: Email or (614) 824-2912

View Our Teamcontact Us