Struggling retail? 2019 was in fact a hot year for retail commercial real estate. While many consider retail opportunities to be a risky investment choice, confidence remains strong at Rafinia Property Group’s investment group. This year proved to be a sound year for the up and coming commercial real estate investment/brokerage firm based out of New York. In 2019, Rafinia Property Group manufactured over $35,000,000 of real estate transactions.

The most notable deal Rafinia brokered in 2019, a 100,000 square foot center in New York. A big box anchored shopping center located in a prominent retail corridor with a mix of national and regional tenants all carrying long lease terms demonstrating their commitment to the center and confidence in the retail market. The major shopping center was sold for $8,000,000 which was 100% brokered by company principal, Evan Rafinia and purchased by a private New York based investment group.

Other notable deals done by Evan Rafinia’s brokerage firm, the acquisition of a 90,000 square foot grocery anchored strip center near Chicago, Illinois. The sale of a 70,000 square foot shopping center located in St. Louis, Missouri. Just to name a few amongst many others.

Although retail remains a concern to some, Rafinia Property Group believes in the strength and importance of a regional or neighborhood shopping center. When asked about his confidence in the shopping center business, “regional and neighborhood shopping centers will always be desirable destinations for local consumers. Shopping centers that cater to the local towns and neighborhoods with a national tenant present will always remain active and high in demand. A grocer, a dollar store, a gym, restaurants and many other small uses will always be a necessity” replied company Principal, Evan Rafinia.

About Rafinia Property Group: Rafinia Property Group is a family owned and operated commercial real estate investment, management and leasing company based out of New York. For more information about Rafinia Property Group, visit www.rafinia.com. You can also follow us on Instagram, Twitter or LinkedIn