Pacific Retail Capital Partners

What a year for Pacific Retail! With 290 new deals, 69 store openings, and an incredible 1.2 million square feet leased, our leasing team has been hard at work transforming our centers into vibrant destinations. From top-tier brands like lululemon and SEPHORA, exciting dining concepts like Big Chicken and Empire Burgers + Brew, entertainment destinations like Dave & Buster's Inc., grocers like The Fresh Market, new fitness and beauty concepts, and eCommerce stars like Chubbies Shorts, these milestones highlight the evolution of our centers into dynamic, mixed-use spaces that serve as community hubs and go way beyond shopping. Here’s to continued growth and retail evolution in 2025! 🚀 #LeasingSuccess #RetailInnovation #PacificRetail #NewStores #CommunityHubs #RetailEvolution #MixedUseTransformation #CRE #CRELeasing #PRCP #LeasingBroker #MixedUseAsset Amanda (DeVries) Fox Stephen Cassella Dawn Bogdanski Eli Lux Ryan Backs Mitch Spencer Anne Singleton

The evolution of this iconic suburban Chicago asset is well underway, with thrilling new tenants, exciting leases, and transformative construction already in progress. Yorktown Center is redefining its place in the Village of Lombard community by introducing a mix of innovative dining, entertainment, and retail experiences while laying the groundwork for a vibrant, future-forward destination that seamlessly blends lifestyle, convenience, and modern design.

Congratulations to Melissa Timney, our outstanding Marketing and Business Development Manager at Crabtree Valley Mall, for being named Marketer of the Month! Melissa’s leadership and creativity shone brightly as she spearheaded the M-All Hands-On Deck initiative, organizing impactful activations, fundraising efforts, events and press opportunities to support those affected by Hurricane Helene. Her unwavering focus making a difference exemplifies our dedication to the communities we serve and showcases the power of our assets as community hubs for connection and support. Thank you, Melissa, for your hard work and passion. You’ve set a remarkable example of how marketing can go beyond the expected to create meaningful impact. 👏 #MarketerOfTheMonth #MallHandsOnDeck #HurricaneRelief #CommunityImpact #MarketingLeadership #CrabtreeValleyMall

Living at the Mall: Reinventing Retail Real Estate The American mall isn’t fading away—it’s evolving into a solution for modern living and housing needs. As highlighted in the New York Post, developers across the country are transforming underutilized malls into vibrant, mixed-use hubs that combine housing, retail, and entertainment. Pacific Retail Capital Partners is at the forefront of this trend, with Principal Oscar Parra offering key insights in the article. Top Takeaways: 1. Mixed-Use Spaces are the Future: Housing, retail, and entertainment are being integrated to create vibrant community hubs, redefining what it means to live, work, and play in one location. 2. Addressing the Housing Crisis: With a nationwide shortage of 4.5 million homes, malls are stepping up to provide much-needed housing, including luxury units and affordable options. 3. Convenience Redefined: As Najla Kayyem from Pacific Retail explains, the ease of access to services, retail, and amenities makes these developments akin to resort living. 4. Optimizing Underutilized Space: More than 34 million square feet of mall space sit vacant in the U.S., and repurposing this land offers an innovative approach to solving retail and housing challenges. 5. Challenges to Overcome: Construction costs, zoning laws, and outdated lease agreements are hurdles, but the potential for revitalizing malls is undeniable. A New Era for Developers: As Oscar Parra noted, it’s better to disconnect housing from traditional mall layouts, creating standalone, yet integrated, apartment complexes to maximize value and appeal. This shift represents a new chapter for commercial real estate, which PRCP is at the forefront of —one where innovation meets the growing needs of our communities and real estate evolves for the next generation. Read the full article below: https://lnkd.in/eRivnXGj #NYPost #RetailEvolution #PRCP #MixedUseDevelopment #MixedUseAsset #CRE

The Evolution of the American Mall as highlighted in this recent feature by CNBC with quotes from our very own Najla Kayyem and Oscar Parra. Pacific Retail is at the forefront of transforming traditional retail spaces into dynamic, multi-use destinations such as our projects underway Yorktown Center and District Galleria. From integrating residential spaces to curating services and amenities that cater to modern lifestyles, our properties are evolving to meet the needs of today’s consumers while driving value for our communities. By reimagining malls as hubs for living, working, and gathering, we’re shaping a new future for retail real estate—one that puts convenience, accessibility, and innovation at the core. #RetailEvolution #CREInnovation #CommunityDriven #FutureOfMalls #PacificRetail #MixedUseDevelopment #PRCP #AssetManagement

If you're at ICSC this week, join Najla Kayyem tomorrow (Thursday) as she moderates a panel on Crafting a Compelling Development Marketing Plan.   Join this session to discover how to craft an effective marketing strategy for commercial real estate developments. Attendees will gain insights into key stages of the development process, from planning and community engagement to the grand opening, learning how to maximize visibility and drive success. Explore actionable strategies for creating a marketing plan that resonates with stakeholders, garners community and municipality support, attracts tenants and buyers, and effectively positions your project in the marketplace. Learn from expert panelists: Troy Benson, Head of Creative, Principal, Streetsense  Missy Heanue, Founder, Done and Done Marketing  George N. Papageorge, Global Strategic Advisor, The George Papageorge Thursday December 12, 2024 11:30 am - 12:00 pm Location: Show Floor Theater - Level 3, Show Floor, Aisle 3000

We are ecstatic to share PRCP's District Galleria project was honored with two awards this week! Commercial Observer named the project the Design and Development Project of the Year during their Breakthrough Awards Breakfast this Tuesday which recognized the teams, deals, developments, and executives across asset classes and verticals who have succeeded despite economic and urban challenges. Yesterday, the project was further honored with a Silver award at the ICSC Global Design and Development Awards. ICSC Global Awards are know to be the most recognized achievement for professional excellence in the marketplaces industry and we are grateful to be recognized amongst our talented peers. These awards are not just a recognition of our design and development; it is a testament to the vision, dedication, and collaboration that have been the cornerstone of our efforts for over 7 years. Our deepest thanks to our partners, Aareal Bank AG, Cappelli Organization, and SL Green Realty Corp. Our design team: Kimley-Horn, Eric Rains Landscape Architecture, Gensler, and AKRF with a special thank you to our PRCP in house design team (Annmarie Plenge, Ian (Sangyoon) Kim, Ryan K. Min, and Sung Suk Yoo) your support and belief in our vision have been pivotal. Together, we have embarked on a transformative journey to reshape the urban fabric of downtown White Plains, NY. Together, we are not just designing buildings; we are crafting the future of real estate for the next generation. #cre #mixeduseasset #prcp #districtgalleria #whiteplains #newyorkcre #assetdesign #creaward #commercialobserver #assetdevelopment #icsc

Another exciting example of how retail space is evolving! THE GYM has officially soft-opened at Parkway Plaza, showcasing how service-oriented uses are redefining traditional shopping centers. This innovative fitness destination speaks to the growing trend of creating mixed-use spaces that cater to wellness, lifestyle, and community connection. By integrating service-based concepts like THE GYM into retail environments, Parkway Plaza exemplifies how commercial real estate is adapting to meet the demands of the next generation. With a focus on mental health, physical health, and freedom of choice, THE GYM is the kind of experiential tenant driving the future of shopping center evolution. #CREInnovation #RetailEvolution #MixedUseDevelopment #NewTenant #CRE #Leasing #CRELeasing #MixedUseAsset #PRCP

We're #hiring a new Local Leasing Manager – Franklin Park Mall in Toledo, Ohio. Apply today or share this post with your network.

Exciting news at Kings’ Shops in Waikoloa, Hawaii — lululemon has officially opened its doors! 🌺 🧘🏻♀️ This addition is more than just a new store; it represents the continued evolution of Kings Shops as a vibrant hub for retail, community, and culture. At Pacific Retail, we’re proud to bring world-class brands like lululemon to the Big Island, catering to both visitors and locals who embrace active lifestyles and high-end retail experiences. The store’s opening is a testament to the leasing momentum at Kings’ Shops and our commitment to curating a tenant mix that enriches this iconic destination. #KingsShops #lululemon #Retailleasing #BigIslandShopping #PacificRetail #PRCP #leasing #grandopening #newstoreopening Marina Satoafaiga, MBA Cheryl Beckley Ryan Backs Anne Singleton Stephen Cassella Lynn Rostau Dean Luchetta