The recently acquired Crossroads assets, now part of Curbline, reflect a growing interest in properties closest to the curb line along high-traffic arterials.
National retailers are increasingly targeting multi-tenant retail spaces that command the highest rents, with leases that typically include annual increases and triple net terms.
Crossroads Marketplace was foreclosed on after losing big box tenants such as Bed Bath & Beyond, highlighting challenges in retaining and refilling such spaces.
Site Centers' purchase of the Chino Hills shopping center at $34.2 million illustrates the surge in demand for curb-fronting retail spaces in the current market.
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