Shopping Center Business is the leading monthly business magazine for the retail real estate industry.
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ARCTRUST 152 • SHOPPING CENTER BUSINESS • December 2016 call it 'MORE Development' — meaning Money, Opportunities, Resources and Experience." Because ARCTRUST has a history of development, the company has retained that knowledge as its works with its na- tionally recognized tenants and its joint venture developers. When it partners with developers, they are able to leverage ARCTRUST's knowledge as well as its retail relationships and balance sheet to their advantage. "Development can be a multi-year pro- cess. Having a partner that understands the development process is a distinct ad- vantage." says Ambrosi. "We understand retail development, we understand the budgets, what the tenants are seeking in a location and what a township is looking for in new development. We look at this as a true joint venture relationship where we are a partner every step of the way, while letting the developer execute on the de- velopment plan. In addition, we can offer back office support through our in-house professionals, programs and technolo- gy. A typical deal for ARCTRUST is lo- cated on a strong corner and will have a recurring needs-based tenant — like a well-known gas and convenience oper- ator, pharmacy, quick service restaurant or bank. A recent development in Tam- pa had several retailers — The Container Store, Bank United, Olive Garden, Long- horn Steakhouse and AT&T; — on sepa- rate parcels along the same intersection. In West Orange, New Jersey, the company recently completed an LA Fitness loca- tion. ARCTRUST currently has over $150 million in development deals it will deliver within the next six to twelve months with tenants like Wawa, ShopRite, Starbucks, and others. "Because we are working with so many development partners our relationships with tenants have expanded further," says Ambrosi. "Additionally, there is a natural relationship between quality tenants and quality real estate. When we look to devel- op, or acquire properties, we always focus on real estate first." In addition to development, the com- pany acquires between $50 million and $100 million of net lease assets per year. Weekly, ARCTRUST's principals meet to discuss the pipeline of properties, de- velopment and acquisition, it is currently working. Every deal has been through a rigorous financial analysis, and the num- bers as well as the transaction details are further scrutinized by the company's ex- ecutives during the meeting. ARCTRUST has more than 100 net lease assets, valued in excess of $400 mil- lion, in its portfolio, with a steady pipeline of acquisition transactions extending into 2017 and development commitments out to 2018. Because ARCTRUST is generally devel- oping new properties, it prefers the best locations. Active in primary and second- ary markets, the company likes to locate its projects on signalized corner intersec- tions with heavy traffic. "Strong corners will always be occupied by strong tenants," says Ambrosi. SCB ARCTRUST owns this Wawa location in Hamitlon, New Jersey. The company prefers strong locations along the Eastern Seaboard. Coming next month in SCB: Our annual in-depth look at the net lease retail property market. To be included in the editorial feature, contact Randy Shearin, randy@francemediainc.com For advertising information, contact Scott France at scott@francemediainc.com