Gateway Center

The Gateway center is a 99,913 square foot neighborhood shopping center located in Palmdale, California. National and regional tenants include Vallarta Supermarket, Fallas Paredes (NAP), Blockbuster, Downey Savings, Factory 2U, Rent-A-Center, Subway, Check Into Cash, American General Financial, Del Taco (NAP), Washington Mutual (NAP), and La Petite Academy (NAP).

Gateway center had a yet to be opened Hispanic grocer moving into a former Ralph's location that performed poorly. In addition, the new grocer was already present in the submarket, with another location less than one (1) mile away. At the time, investor sentiment on the Palmdale market was extremely "bearish". The center also had extremely low barriers to entry with several new centers going online in the immediate trade area.

Our team successfully walked buyers through the business model and performance of the Vallarta Supermarket chain and educated them on the fit of the grocer based on the local area demographics and the trade area's spending patterns. We also educated buyers on how this niche grocer would be a very strong fit for the area and very competitive with other supermarkets in the trade area.

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