Acquisition Guidelines
We're committed to acquiring community shopping centers that offer valuable anchor stores to meet everyday consumer needs.
Our focus is to acquire neighborhood shopping centers with value added opportunities
Our Approach to Property Acquisitions
Jones Development Group prides itself on a legacy of selective acquisitions, focusing on retail centers where value can be enhanced. We delve deep into the financial health and growth prospects of every potential asset. Renowned for our straightforward due diligence and purchasing process, we are recognized as reliable investors, always ready to act on the right opportunity.
Acquisition Criteria and Process
Our four-decade journey at Jones Development Group is marked by strategic acquisitions of retail centers poised for value enhancement. We assess investments on multiple financial fronts, prioritizing potential over management. Our reputation in the industry as decisive and efficient buyers is matched by our desire to seek out properties that align with our vision for community-based retail success.
Navigating the Path to Acquisition
Navigating through the complexities of real estate, Jones Development Group hones in on properties that are set to thrive. Our targeted approach eschews property management to focus on the acquisition of spaces that can become the heart of local retail. We bring a proven track record of successful, fuss-free purchases, inviting brokers and principals to introduce us to properties that are hidden gems waiting to shine.
Our acquisition portfolio is tailored to include properties such as commercial lands designated for shopping centers, both anchored and unanchored commercial spaces, retail buildings, value-added properties, and multi-tenant commercial structures. We are keenly focused on properties that offer essential goods and services, with a particular interest in centers anchored by supermarkets or value-oriented retailers.
JDG invites collaboration with brokers, ensuring their integral role and protection throughout the acquisition, leasing, and sale process. We foster long-term partnerships, seeing brokers as vital members of our team.
- Focus on Commercial Lands: Specifically for shopping center development.
- Both Anchored and Unanchored Properties: Open to diverse commercial property types.
- Leased and Vacant Retail Buildings: Considering both occupied and available spaces.
- Value-Added Properties: Interested in locations with potential for enhancement.
- Single or Multi-Tenant Commercial Buildings: Flexible regarding tenant occupancy.
- Geographic Focus: Targeting Southern California, Central California, and the Central Coast.
- Minimum Size Requirements: Properties with a GLA of at least 10,000 square feet; ideal properties around 100,000 square feet of GLA.
- Acquisition Price Range: Seeking properties priced between $1M and $50M.
- Partnership with Brokers: Brokers are protected and considered team members, involved in acquisitions, leasing, and sales.
- Submission Details for Consideration: Including maps, pricing, ownership, zoning, and engineering information for land; and site plans, rent rolls, and financials for existing buildings.