Who is BIG Shopping Centers USA?
Big Shopping Centers USA is a subsidiary of our Israeli parent company, BIG Shopping Centers (TASE: BIG), a publicly traded retail real estate company. BIG Shopping Centers USA is a retail shopping centers investment company based in Beverly Hills, California. Operating in four countries, BIG Shopping Centers USA operates effectively as an equity partner with developers and operators of quality shopping centers in primary and secondary markets in the United States.
In Israel, BIG Shopping Centers is a fully integrated development, leasing, management and marketing company and is known as the “gold standard in Israel.” In the United States, the business model is different. BIG Shopping Centers USA has surpassed $1 billion in assets under management, consisting of 25 centers made up of 6.4 million square feet. As an equity partner in the United States with a respected drive for excellence and high standards, we look for existing centers in trade areas that offer long-term viability and ownership. The firm also oversees the strategic management of each property to ensure optimal performance.
Our investment strategy is such that BIG Shopping Centers USA will consider investing in smaller markets as long those geographies have key fundamentals in regards to job creation/growth, quality of life and the availability of “great” health care and/or education. However, we generally look for larger centers that are comprised of community, lifestyle and entertainment components.
Our primary initiative is reinvesting company dollars into existing assets to make them stronger and to further enhance our Centers that will in turn create a much greater “life style” customer experience.