Safeway Group

What Safeway Group does

Safeway Group, Inc. is a privately held commercial real estate firm founded in 1984 by Rafat Shaikh and headquartered in Norcross, Georgia. The company acquires, develops, redevelops, leases, and manages retail shopping centers, with a stated strategy of targeting distressed U.S. retail properties carrying 30% to 50% vacancies. As of the latest data, the firm operates 36 individual properties totaling approximately 3.5 million square feet across 8 states, concentrated in the Southeast (Georgia, Tennessee, Alabama) with additional holdings in Illinois and other markets. Each property is held under a dedicated wholly-owned subsidiary (e.g., Crossroads Pointe Shopping Center, Inc., Sugarloaf Walk, LLC, South Cobb Festival, LLC), creating a layered holding structure under the Safeway Group umbrella.

The firm's core revenue mechanic is rental income from leasing retail space in sizes ranging from 1,000 to 100,000+ square feet to small and mid-size retail tenants and entrepreneurs. Distribution is direct: an internal leasing team engages tenants and brokers, supplemented by a website property listing and downloadable rental application. The company also runs a separate office building asset at its Norcross headquarters address. No technology platform, AI/ML capability, app product, or external partnership network is disclosed; operations are relationship-driven and lean, supported by a management team of fewer than 10 named individuals covering leasing, accounts payable, and administration.

The business model is best characterized as a privately controlled, founder-led retail center owner-operator pursuing a programmatic, value-add acquisition strategy at the small-to-mid cap end of the U.S. strip mall and neighborhood center market. Pricing is quote-based and not publicly disclosed. The company carries no disclosed institutional capital, has no parent company, and has not announced any funding rounds, mergers, or restructuring events in the available data.

Name

Safeway Group

Legal name

Safeway Group, Inc.

Website

https://safewaygrp.com

Company type

Private

Founded year

1984

Operating status

Operating

Headcount range

1–10 employees

Short description

Safeway Group is a privately held, founder-led commercial real estate firm that acquires, redevelops, leases, and manages retail shopping centers, operating 36 properties totaling roughly 3.5 million square feet across 8 U.S. states and targeting distressed assets with 30-50% vacancies.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Services

NAICS

Offices of Real Estate Agents and Brokers (53121), Offices of Real Estate Agents and Brokers (5312)

SIC

Real Estate Dealers (For Their Own Account) (6532), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Retail Property Management (BPAJAGAB)

akta.pro secondary industries

Tenant Representation & Corporate Services Brokerage (BPAJABAJ), Commercial Real Estate Brokerage (Leasing & Sales) (FSAEAJAB)

Keywords

• Commercial real estate
• Retail leasing
• Shopping center acquisition
• Property management
• Property redevelopment

Headquarters

HQ city

Norcross

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Marketing or Sales

Revenue model

1. Commercial Real Estate Management and Leasing: Safeway Group generates revenue through leasing, sales, development, redevelopment, and management of commercial retail real estate properties. They acquire distressed retail shopping centers with vacancies, then manage and lease the properties to tenants.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Safeway Group, Inc. acquires, develops, redevelops, leases, and manages commercial retail real estate, with a focus on retail shopping centers across the United States. The company targets distressed shopping centers with 30-50% vacancies for acquisition and currently manages approximately 3.5 million square feet of retail space across 36 properties in 8 states. They lease retail spaces ranging from 1,000 to 100,000+ square feet to retail tenants and operate through wholly-owned LLC and Inc. subsidiaries that hold individual properties.

Product overview

Safeway Group, Inc. is a commercial real estate company that operates as a single unified business offering retail shopping center services. The company provides a portfolio of 36+ retail shopping center properties across 8 states in the United States, totaling approximately 3.5 million square feet of commercial retail space. Core services include property acquisition (actively seeking retail shopping centers with 30% to 50% vacancies), property development and redevelopment, leasing services (ranging from 1,000 to 100,000+ square feet), and property management. The company manages a diverse set of named shopping center properties including Crossroads Pointe Shopping Center, Sugarloaf Walk, Southlake Pavilion, Hickory Ridge Shopping Center, Market at SummerOaks, Austin Peay Plaza, Cordova Ridge Shopping Center, Woodridge Plaza, Northside Shopping Center, South Cobb Festival, Roswell Fiesta Plaza, Jones Bridge Triangle, Plaza at Suwanee, Safeway Center, Indian Trail Plaza, Sandy Plains Junction, Mercer Crossing Shopping Center, Macon Plaza Shopping Center, Plaza Mayor Shopping Center, Airport North Business Center, Buford Highway Shopping Center, International Plaza/Old National Plaza, Northridge Plaza, Ocee Plaza, Chisholm Shopping Center, Village on Lorna, and Roebuck Center.

Differentiator

Problem solved

Functional benefit

Products and services

• Retail Shopping Center Leasing Commercial retail space leasing services offering spaces from 1,000 to 100,000+ square feet across Safeway Group's 36 retail shopping centers in 8 U.S. states. The internal leasing team works directly with tenants and real estate brokers to complete leases timely and efficiently, with on-going communication and committed service to build long-lasting tenant relationships.
• Retail Shopping Center Acquisition Targeted acquisition service in which Safeway Group actively seeks to buy retail shopping centers with 30% to 50% vacancies anywhere in the United States and of any size. Principals and brokers are encouraged to contact the company directly with acquisition opportunities.
• Property Management Services Ongoing management services for Safeway Group's commercial retail properties, including tenant relations, lease administration, and ongoing property operations across the portfolio.
• Property Development and Redevelopment Development and redevelopment services for commercial retail real estate, with a focus on revitalizing distressed retail shopping centers acquired by Safeway Group.

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves5 records

Expansion highlights3 records

Direct peers

• Phillips Edison & Company: Publicly traded REIT that owns and operates neighborhood and grocery-anchored shopping centers across the US. Most directly comparable peer to Safeway Group in business model and tenant strategy.
• Brixmor Property Group: Large publicly traded retail REIT that owns and operates open-air shopping centers nationwide. Comparable in asset class (community shopping centers) and value-add leasing strategy.
• Regency Centers Corporation: Public retail REIT focused on grocery-anchored shopping centers. Similar in tenant mix, asset size range, and long-term ownership orientation to Safeway Group's centers.
• Federal Realty Investment Trust: Publicly traded REIT specializing in shopping centers and mixed-use retail. Comparable in tenant curation, multi-state footprint, and long-hold investment philosophy.
• Kite Realty Group: Public retail REIT focused on open-air shopping centers in Sun Belt and high-growth markets — overlapping geographic concentration with Safeway Group's Southeast-weighted portfolio.
• RPT Realty: Shopping center REIT focused on open-air centers in densely populated markets. Comparable in asset profile and value-add leasing approach to distressed or underperforming centers.
• Phillips Edison & Company (small-cap peer alternative noted): Historically a major shopping center REIT (Weingarten Realty Investors), now private after Kimco merger. Closely mirrors Safeway Group's multi-state shopping center ownership model.

Emerging players

• Tanger Inc. Publicly traded REIT focused on outlet and value-oriented shopping centers. Tangentially comparable in that it serves value-conscious retail tenants similar to Safeway Group's distressed-center tenant base.

Broad incumbents

• Kimco Realty Corporation: Largest publicly traded retail REIT with a broad shopping center portfolio. Comparable in retail real estate focus, though operates at a much larger scale than Safeway Group.

Others

• Centerspace: Mid-cap REIT focused on multifamily housing, not retail. Included as a reference point for capital-pooled REITs that Safeway Group could partner with or model itself after for future growth.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/safewaygroupinc
• LinkedInlinkedin.com/company/safeway-group-inc-

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries25 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Safeway Group