Owner Representative Services Schostak FISHER GROUP Residential Development TEAM Schostak FAMILY RESTAURANTS
Contact
Patrick K Windley
Senior Vice President
740.587.1485
windley@schostak.com

Schostak Brothers & Company, Inc.™
17800 Laurel Park Drive North
Suite 200C
Livonia, MI 48152
Phone 248.262.1000
Fax 248.262.1814

ACQUISITIONS

Schostak Brothers & Company, Inc. is progressing with a growth strategy based on the acquisition of stabilized shopping centers, and has recently completed over $300 million of acquisitions in 17 states. The company plans to continue to acquire at least $100 million of shopping center assets each year and is assembling one of the largest portfolios of Wal-Mart shadow-anchored centers in the nation.


Retail Traffic Magazine Article
Acquisition Criteria:

Product Type
Shopping Centers

Tenants
Shadow-Anchored Centers
Big Box/Power Centers
Grocery Anchor
Strong non-grocery anchor

Target Size
No minimum for shadow-anchored centers
75,000 sq. ft. minimum for other centers
No maximum
Single assets and portfolios

Target Purchase Price
No maximum

Geographic Area
All markets considered

Other
Prefer stabilized assets
Properties that require repositioning will be considered on a case by case basis

Terms
All cash
Can assume existing debt

Recent Acquisitions Include:

Cranberry Commons
Cranberry Township (Pittsburgh), PA
170,000 square foot shopping center

Clocktower Square
West Des Moines, IA
142,000 square foot shopping center

The Landings
Sarasota, FL
155,000 square foot shopping center

Home Depot
Plymouth (Minneapolis), MN

Wal-Mart Shadow-Anchored Centers (SAC)
36 properties
14 states

Walgreens
6 locations
3 states

Wegmans Grocery
Sterling, Virginia (Washington D.C.)
132,000 square foot grocery store