ETP Properties acquires value-add shopping centers anchored by essential grocery tenants — delivering stable cash flow, downside protection, and strong upside for our investors.
Years Combined Experience
SF Under Management*
Owner-Operators
*Under management through ExFlex Property Services.
Grocery stores are essential, internet-resistant tenants that drive consistent foot traffic — creating a stable foundation for outsized returns through active management.
People buy groceries in every economic cycle. Grocery-anchored centers maintained 96%+ occupancy through the 2008 financial crisis and COVID — while other retail categories saw 20-40% vacancy spikes.
We target centers with below-market occupancy and deferred maintenance — unlocking value through strategic lease-up, tenant curation, and capital improvements that drive NOI growth and appreciation.
Existing grocery anchors provide immediate, predictable income that covers debt service and investor distributions — while we execute the value-add business plan on the remaining space.
A 107,480 SF grocery-anchored shopping center in Warren, Ohio with significant lease-up upside and immediate cash flow.
Warren, Ohio · Trumbull County · 107,480 SF · Built 1986
Target LP IRR
Equity Multiple
Avg Cash-on-Cash
Target Hold
Jamestown Village Plaza is a well-located, grocery-anchored shopping center currently at 80.3% occupancy with approximately 21,200 SF of leasable vacancy. Giant Eagle — one of the nation's largest regional grocery chains — anchors the property at roughly 64,000 SF, providing a stable income foundation.
Our business plan targets stabilization to approximately 97% occupancy through strategic lease-up of vacant inline and endcap space, targeted capital improvements of approximately $450,000, and active property management. This approach is projected to grow Net Operating Income from approximately $665,000 to $985,000 over the hold period.
The property sits on roughly 12 acres in a trade area with strong household density and limited competing supply — positioning it for durable tenant demand and long-term value creation.
Interested in learning more? Request the full Confidential Investment Memorandum.
View the CIMThe information contained herein is neither an offer to sell nor a solicitation to buy, nor a solicitation of such purchases or sales of any of the securities discussed. The form below allows you to request offering materials and obtain answers to any questions you may have. This offering is made pursuant to SEC Regulation D, Rule 506(c) and is available only to Accredited Investors.
Our partners bring over 70 years of combined experience in retail real estate — from capital markets to property operations to tenant management.

Nearly 20 years of commercial real estate experience with an engineering foundation. Evan has spent over a decade in retail real estate capital markets, specializing in equity and debt placements — having secured over $1 billion of capital across his career. He leads investor relations, deal sourcing, and capital strategy for ETP Properties.
evan@etpproperties.com →
With 26 years in retail real estate management, Dawn brings deep operational expertise to ETP Properties. Previously a Senior Vice President at Phillips Edison & Company (PECO), she has managed the day-to-day performance of grocery-anchored portfolios at institutional scale. Dawn oversees property operations, budgeting, and tenant experience across ETP's investments.

Eric brings over 25 years of commercial real estate experience, including a long tenure as Senior Vice President of Property Management at Phillips Edison & Company (PECO). He specializes in CAM management, capital projects, vendor management, and sustainability initiatives. Eric leads all property management execution for ETP's portfolio through ExFlex Property Services.
We believe informed investors make the best partners. Explore our guides, market commentary, and educational resources on grocery-anchored retail and passive CRE investing.
Why grocery-anchored centers outperform other retail, how value-add strategies work, and what to look for in a sponsor — all in one investor-ready PDF.
Download the Guide →New to syndications? Learn how private equity real estate works, what a preferred return means, and how to evaluate a sponsor and investment opportunity.
Read the Overview →Interested in our current offering or future opportunities? We'd love to connect.
Get the full details on our current offering, including the Confidential Investment Memorandum. Just click below to view and download the CIM.
View the CIM