The neighborhood retail sector remains a strong investment, driven by grocery-anchored centers with high-quality tenants and prime locations. Alex Nyhan, CEO of First Washington Realty (FWR), recently explained in an interview with IREI how necessity-driven tenants in neighborhoods with affluent, educated residents and limited competition help sustain performance through both strong and weak economic cycles. This strategy has been tested through multiple market shocks, including the global financial crisis, COVID-19 pandemic, inflation spikes and rising interest rates, demonstrating the enduring stability of grocery-anchored retail.
FWR is a real estate investment firm focused on high-quality grocery-anchored and necessity-based neighborhood shopping centers. The firm manages about $9 billion in assets across more than 138 shopping centers throughout the United States — primarily on the coasts, as well as other markets such as Atlanta, Chicago, Denver, Kansas City, Miami an
