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First Washington’s Deal for Grocery-Anchored Properties Seen as Sign of More Consolidation To Come

Acquisition of California Owner Donahue Schriber Said To Hit $3 Billion
The Del Mar Highlands Town Center in San Diego was part of the portfolio that First Washington Realty bought from Donahue Schriber Realty Group. (CoStar)
The Del Mar Highlands Town Center in San Diego was part of the portfolio that First Washington Realty bought from Donahue Schriber Realty Group. (CoStar)

Shopping center landlord First Washington Realty is undertaking a significant expansion of its retail portfolio and national holdings with its purchase of Donahue Schriber Realty Group, in what could be a more than $3 billion deal that reflects the skyrocketing value of grocery-anchored properties.

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