ShopOne Centers is a privately held real estate investment trust that operates as a vertically integrated investment, management, and operating platform focused exclusively on grocery-anchored neighborhood and community shopping centers across the United States. Launched in October 2017 as an offshoot of Devonshire REIT, the company targets necessity-based, value-oriented retail properties anchored by leading grocers in established trade areas with populations exceeding 60,000 and average household incomes above $85,000 within a three-mile radius. The firm operates through joint venture partnerships with institutional investors, having formed a strategic alliance with Pantheon and an undisclosed global institutional investor in March 2022 with total investment capacity exceeding $1 billion. In February 2026, Town Lane acquired the ShopOne platform along with a 27-asset grocery-anchored retail portfolio from Pantheon. The company's management team comprises former public REIT executives. ShopOne focuses on top-100 Metropolitan Statistical Areas as well as select college towns and tourist destinations, with properties anchored by grocers including Kroger, Publix, Food Lion, Shaw's, Stop & Shop, and Walmart Neighborhood Market. The firm pursues core-plus to value-add opportunities ranging from $10 million to $75 million per deal, with larger portfolio transactions considered. Its strategy centers on driving rents, increasing occupancy, and executing value-enhancing redevelopment to maximize portfolio value. The company operates regional offices in Ohio and Florida in addition to its New York headquarters.