Grocery properties face pricing upheaval as landlords respond to Covid

By Ashley Gurbal Kritzer | Phoenix Business Journal

The next decade of Ryan Sciullo’s career may look a little different than his first 15 years of selling grocery-anchored shopping centers.

Sciullo, a senior member of CBRE’s national retail group, specializes in shopping centers anchored by food retailers like Giant, Trader Joe’s and BJ’s Wholesale Club. As Covid-19 has accelerated a transition to online shopping — even for grocers, long thought to be an internet-proof category of retail — Sciullo thinks he’ll be selling hybrid retail-industrial properties before long.

Read the full story from the Phoenix Business Journal.

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