BIG Shopping Centers USA, Inc. (BIG USA) is a subsidiary of the Israeli parent company BIG Shopping Centers, Ltd. (TASE: BIG), a real estate company publicly traded in the top TASE 125 Index. BIG USA is a full-scale retail shopping center company based in Phoenix, Arizona.
BIG Shopping Centers Ltd. (BIG) – Headquartered in Herzelia, Israel – was founded in 1994 by Yehuda Naftali with the vision of developing American styled open-air shopping centers in Israel. Today, the company operates in three countries – Israel, the United States and Serbia – where it has ownership (entire or partnership) in 65 projects, 55 of them being operational shopping centers and 10 under development.
Under its long-term hold strategy, BIG USA’s primary focus is investing in owned assets to further enhance and create the most advantageous tenant and customer experience. Taking an innovative of approach in re-imagining each center and exploring development/redevelopment opportunities to add value to each asset. Also focusing on lease up, improvement of tenant mix, and attaining and maintaining stabilized occupancy in an ever-changing market for the retail shopping center industry.
A former Macy’s department store now known as the Waterfront Technology Center has been bought by one of its current tenants.
BIG USA typically acquires lifestyle and community centers in strong markets thriving fundamentally in job creation and growth, quality of life, the availability of great health care and excelling education. Open to investment in both individual assets and portfolios that are comprised of entertainment, community, and lifestyle components.
On a regular basis, BIG USA evaluates the portfolio to divest of any assets that do not fit within the portfolio and current investment strategy.
BIG USA establishes relationships with regional shopping center owners and operators in high-growth markets across the country with a focus on acquiring quality lifestyle neighborhood, and community centers. To each partnership BIG USA brings a team that has over 100 years of overall shopping center experience. The team is diverse and has expertise in property acquisition, development, leasing strategy, trade area analysis, and asset management. Reasons to partner with BIG USA include: the efficiency created with its streamlined approach, entrepreneurial attitude, access to capital, strong existing multi-market relationships, and lack of a traditional investment committee.
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