Free press releases distribution network?

Agency / Source: Monaghan Communications

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



Investec Raises $130 Million for Acquisition of West Coast Retail - Investec has raised $130 million for acquisition of grocery and drug anchored centers located in the coastal region of California. Investec currently owns and manages over two million square feet and $650 million of shopping centers in California
Investec Raises $130 Million for Acquisition of West Coast Retail

 

PRZOOM - /newswire/ - Santa Barbara, CA, United States, 2010/10/06 - Investec has raised $130 million for acquisition of grocery and drug anchored centers located in the coastal region of California. Investec currently owns and manages over two million square feet and $650 million of shopping centers in California.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Real Estate/Property Management Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Investec, specializing in the acquisition, operation, management and leasing of retail properties in California, is pleased to announce the firm has raised $130 million for acquisition of grocery and drug anchored centers located in the coastal region of California. Investec currently owns and manages over two million square feet and $650 million of shopping centers in California.

According to Ken Slaught, Investec’s founder and president, “Investec will continue its focus on best-in-class neighborhood shopping centers, anchored by dominant grocers and pharmacies."

Slaught is a strong believer in California retail. “We have been investing exclusively in California retail since 1988, so we are not surprised by the recent 'flight to quality' into these very markets on which many of our competitors are now focusing," notes Slaught. "The coastal markets of California are home to some of the most desirable real estate demographics in the country with high barriers to entry. From San Diego to Northern California, our neighborhood shopping centers provide our investors with extremely strong, risk adjusted returns in all economic cycles.”

While experts disagree over the current health and prognosis of the commercial real estate market in general, and some segments of the retail sector in particular, Slaught prefers to look at the big picture. “Over time, I am convinced these coastal markets of California will continue to thrive as they have for over the past 20+ years. Our properties, and those we seek to acquire, satisfy essential demand in local markets for products and services offered by a mix of national and local retailers. Investec has done very well by sticking to this disciplined approach. Our investors have reaped the rewards," says Slaught.

In February 2010, Investec acquired a 100,000-square-foot Ralphs and CVS/pharmacy anchored center, The Plaza at Sunbow in San Diego, for $21 million. In October 2009, Investec completed the development of Gene Autry Plaza, a new $17.5 million 60,000-square-foot shopping center in Palm Springs, Calif., and celebrated the grand opening of the first ground-up Smart & Final Extra! store in California. The center also includes Staples and 11,500 square feet of shop space.

Investec’s Director of Acquisitions Grant Harris reports that Investec is currently negotiating the acquisition of two retail properties and is actively seeking additional opportunities. “Our ability to efficiently execute property investigations and close quickly with 'all cash' provides Investec with a significant advantage over most other buyers, while at the same time providing sellers with transaction confidentiality and surety of execution,” Harris adds.

For more information about Investec’s acquisition criteria, please contact Grant Harris at 805-962-8989 x343.

About Investec
Since its inception in 1983, Investec has handled more than one billion dollars in real estate transactions. Having thrived in one of the nation’s most competitive real estate markets for more than 27 years, Investec remains ideally positioned for continued growth in this dynamic and challenging industry during turbulent economic times. Investec’s current portfolio includes more than three million square feet of commercial properties under management in California including shopping centers, office buildings and self-storage facilities. Investec’s acquisition and development strategy is primarily focused on necessity-based, recession-resistant market/drug anchored neighborhood shopping centers. For more information, see website or call 805.962.8989 x343.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Real Estate/Property Management Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: Monaghan Communications

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Real Estate/Property Management articles,
CATCH Visitors via Your Competitors Announcements!


Investec Raises $130 Million for Acquisition of West Coast Retail

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
|
Contact: Anne Monaghan - MonaghanPR.com 
805.962.8989 x343 Anne[.]Monaghanpr.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Monaghan Communications securities in any jurisdiction including any other companies listed or named in this release.

Real Estate/Property Management via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From Monaghan Communications / Company Profile


Read Real Estate/Property Management Most Recent Related Press Releases:

Ede Costa Team Joins Berkshire Hathaway HomeServices California Properties
Berkshire Hathaway HomeServices California Properties Opens New Office in Brea
Berkshire Hathaway HomeServices Nevada Properties Opens New Southwest Las Vegas Office
Homenova, Inc. Launches A Website for Private Home Sales
Westcorp CFO Named Top Tech Exec in Nevada
Berkshire Hathaway HomeServices California Properties Names Larry Tait Yorba Linda Branch Manager
Americana Holdings Forms Alliance with ListHub Global in Three States
Manhattan Boutique Real Estate Joins South China’s Leading Luxury Property Show
Approved Mortgage Reviewed by Global Research Firm Great Place To Work®
SoloPro Secures $1.1M in First Round Funding

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  La Bella Bakery Artisan Bakery Arizona

Visit  Triggr & Bloom

Visit  NAKIVO, Inc.







 
  ©2016 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today