Charter Realty | Zelco Properties & Development的动态

Simon Property Group continues to demonstrate that there is value in well-located #retailrealestate. Maintaining a conservative #balancesheet gives one the #flexibility to adapt your property to match #marketdemand. David Simon, chief executive of Simon Property Group, said he believes there will always be a place for well-located and -maintained malls, even really old ones. “There’s very few products in real estate that have that kind of longevity and staying power,” he said. “Malls are resilient as hell.” The most successful malls today are easy for shoppers to get to and surrounded by relatively affluent neighborhoods, but not too close to competing retail. Developers have stopped building enclosed malls, meaning existing operators don’t have to worry about a competitor opening down the road. For mall owners who can afford it, department-store closures offer the opportunity to shed big, underperforming tenants and replace them with something more lucrative and compelling to customers. REIT Academy & The Executive REIT Masterclass David Auerbach Mary Jensen Jonathan Morris Alex Pettee, CFA Craig Smith, CFA, FRICS Reagan P. Jonathan Litt Eka Gigauri Juliana H. Tom Ward #retail #mixeduse #redevelopment #HallKnowsRE

The most interesting article I read this past week was this retail industry The Wall Street Journal article on Brookfield’s big bet to redevelop their mall portfolio across the country.?It was also discussed at length during by Lonnie Hendry, CRE, Hayley Keen and Stephen Buschbom during the always fantastic Trepp, Inc. podcst that I listened to over the weekend.?As the Trepp team noted, while these projects may not have come together as quick as had been initially hoped, it seems a bit too soon to say this plan falls short as there is a really good play here and it is one that others have proven, it just takes time.?As a CRE lawyer, we unfortunately know all about that because in addition to government approvals, parties need to work with lenders, tenants, ultimate end users/operators and oftentimes adjacent property owners to make these types of redevelopments come together.?Our Frost Brown Todd team has done this type of work for all such stakeholders and it isn’t easy.?Our zoning lawyers like Tanner Nichols have worked on these for large shopping center clients.?My Partner Christina Sprecher has done this work for some large national tenants and discussed the challenges that shopping center CC&Rs and REAs create for these redevelopments at the ICSC National Law Conference just last year.?I have had the chance to work with both lenders and adjacent property owners in doing this type of work.?There are simply so many parties that have to sign off on these types of projects that it takes time, grit and a focused project management mentality to consistently stay on track with goals and objectives in a manner that isn’t easy and unfortunately is almost always more costly than originally anticipated because of the amount of time involved.?The reality though is that the outcomes can be both truly transformational, like what we have seen recently in Louisville with Topgolf starting what has become a true game changer for the Oxmoor Mall, but also a meaningful improvement with a Hilton Garden Inn changing the dynamic of the Mall St. Matthews. #LFGMonday #CRE #Retail #redevelopment #letsgetfrosty

Great news for those high streets. Adapting store formats to suit smaller local markets is definitely the way forward. We all know that the more touch points customers have with a brand, the more they’re likely to spend overall. A curated range in a small store format on a demographically aligned high street is a win win and a great strategy for growth. It’s also a great strategy for the town - you can bet that once a small format The White Company store opens, other brands with a similar aspirational niche will join them. From a personal point of view, I’d love to see Knaresborough Hight Street following a similar trend. #localisation #evolvinghighstreet #curatedproductrange #thewhitecompany #propertymarket

Delighted to see another strong performance from our retained client The White Company and especially with specific reference to their bricks and mortar store portfolio. The Retail Bulletin https://lnkd.in/e9sytA46 Since 2022, The White Company have focused once again on expanding their physical store presence. SPACE Retail Property Consultants have successfully acquired two standard format stores in Glasgow - Silverburn and Victoria Square Belfast and a further six small format stores in Farnham, Hitchin, Market Harborough, Marlborough, Ringwood and St Andrews in that time. In our experience and despite a seemingly turbulent market in some sectors, there is still value and demand in the strongest High Street and Shopping Centre locations. Best in class occupiers can perform strongly where investor landlords are prepared to work collaboratively with their occupier tenants on leasing structures that support the occupier’s business rather than overload them with fixed costs. This is especially important in new market opportunities where the occupier has no previous trading experience or history. The White Company will open its next smaller format store in Morpeth at Sandersons Arcade on the 22 May 2024. For further information on our client requirement see the attached circular or contact myself or Peter Leverett BSc MRICS MBA with details of other suitable opportunities; Josh Porter [email protected] 07823 885242 Peter Leverett [email protected] 07860 967430 #Innovative #Authoritative #Friendly #Independent #Retail #Property #Advisors

JUST LISTED! NorthPeak Commercial Real Estate is pleased to present for sale 4251 E 104th Avenue, a single tenant, net leased retail building in Thornton, Colorado. The building was originally constructed as a Starbucks anchored strip center with four units and a drive-thru, but today is 100% occupied by a gym on an expiring lease. The expiring lease affords a new owner several options, including executing a new 10-year agreement or demising the property back into its original configuration and capturing higher rents. VIEW PROPERTY: https://lnkd.in/g4HuAnCa PROPERTY HIGHLIGHTS ?? Address: 4251 E 104th Ave., Thornton, CO 80233 ?? List Price: $1,850,000 ?? Property Size: 6,600 SF ?? Total Units: 4 ?? Property Type: Retail #realestate #denverrealestate #denver #retail #northpeak #northpeakcre #property #listing #thornton

This prominently positioned local center has undergone recent renovations and enhancements. It offers a second-floor office area situated in the vibrant South Tampa district, known for its dense population and prominent visibility at a bustling intersection in Tampa. Retail and office spaces are currently available within this inline setting.?Contact me if you have any questions or need pricing for any assets in your portfolio. Bobby Gross (813) 387-4776. Investment highlights: ? Short Term Leases with Auto Renewals and 3-7% Annual Rental Increases. ? Weighted Average Rent is $21.46/SF | Submarket Average Rents are $31/SF. ? 6 Retail Suites on 1st Floor (7,613-SF) | 20 Office Suites on 2nd Floor (6,107-SF) ? 55.49% of Total GLA Consisting of 1st Floor is on NNN Leases | Upstairs Office is all Gross? ? Proximity to Major Arteries & Downtown Tampa | South Tampa is a High Barrier to Entry Submarket | High Intrinsic Value and Limited Supply ? Proximity to MacDill Air Force Base | 20,000+ Stationed and $4.98B Economic Impact ? Excellent Demographics | 156,000+ Residents within 5 Miles with AHHI in Excess of $121,000 OM Link: https://lnkd.in/eTHh_zkS ?

"Sale of NoVA Shopping Center Facilitated by Cushman & Wakefield" Read the full article below..

Cushman & Wakefield Retail Investment Advisors present Overlook at Hamilton Place (the Property), a dominant 213,095 SF open-air shopping center in fast-growing community of Chattanooga, Tennessee. Anchored by national tenants Hobby Lobby (65,245 SF), Best Buy (47,190 SF), The Fresh Market (20,400 SF) and Petco (12,771 SF), national tenants account for 96% of the GLA and 94% of the total revenue. The property is located in the highly trafficked retail corridor of Gunbarrel Road, with multiple access points, two lighted intersections book-ending the center, and over 34,000 vehicles passing the property daily. Significant barriers-to-entry in the submarket are represented by considerable mark-to-market rent growth on small-shop tenancy if/when Landlord can recapture space.? Mark Gilbert Michael Marks #realestateinvestment #investmentsales?#retail #retailrealestate #captialmarkets #CRE #mixeduse https://lnkd.in/ej6VxVY2

We hear a lot about the death of malls. It is true that some malls are struggling, but that's not because consumers have given up on physical places and spaces. Indeed, the view that people don't like shopping in person is largely nonsense. Malls that struggle tend to be those that have simply not evolved with changing consumer tastes and needs. As they've become dated, shoppers have found other places to take their business. It's interesting to read about how Simon Property Group is trying to correct this at Southdale Center in suburban Minneapolis. It is investing $400 million to transform the center with pickleball, luxury apartments, a hotel, new stores, co-working spaces, and more. As The Wall Street Journal puts it: the Southdale overhaul reflects big shifts in how Americans are going to the mall. https://lnkd.in/ew3GmXZ8 #retail #retailnews #consumption #malls