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More than 50% of malls still have legacy anchors that no longer draw the same level of traffic as they once did. These anchors were highly effective during the Industrial Revolution era, but they can no longer meet the needs of modern consumers who demand experiences, convenience, and flexibility. To remain relevant, mall spaces must engage communities and offer what consumers want. For example, converting malls into lifestyle centers with restaurants, daycares, dog care facilities, parks, gyms, and other engaging features would make them more appealing to visitors. Many mall retailers lack differentiation and primarily use their spaces as distribution points, effectively competing with Amazon. However, shopping needs to be fun, unique, personalized, and enjoyable. Most people are no longer excited to visit stores like Macy's or J.C. Penney.

They’re calling it a “comeback,” but we know shopping centers were never gone. Instead, what’s happening is a shift that Kimco and our industry peers have benefited from: for the first time in 20 years, demand for retail space is outpacing supply, with vacancy sitting at just 5.4%. The news of retailer bankruptcies is only creating more opportunity, as new leases for those spaces can garner more than 30% higher rents. . . . #kimco #KimcoRealty #CRE #CommercialRealEstate #REIT #REITs #shoppingcenter #shoppingmall #retailtrends #retailcre #propertymanagement

Mountain Warehouse founder and CEO Mark Neal told the title: “We think there is lots of life left in lots of our high streets.” “All that death of the high street stuff has been a bit overdone. We’re definitely very positive about physical retail at the moment.” 💚 #shoplifting #prosecution #fraud #snakeoil #compliance #corruption #crime #daylightrobbery #humancapital #news #sanctions #risk #mentalhealth #arrest #suspiciousactivities #crime #money #regulators #legal #security #businessimprovement #partnershipworking #riskassessment #bids #businessimprovementdistricts #memberbusiness

Our hearts were warmed when we saw this article about the return of Wilko! Back by popular demand, the retail favourite (now owned by The Range) has started to re-open stores across the UK. Alex Simpkin, Chief Executive says 'The public reaction to the loss of Wilko stores was undeniable. It’s clear that there’s a huge love for Wilko and we’ve seen an encouraging demand for the return of its own-brand products.' This is a great example of a business listening to the needs and wants of its customer base - the result is the resurrection of a well-loved brand and (hopefully!) the resurgence of its success. If you know you need to listen more closely to your customers, Strive Insight can help improve your business strategy, finding ways to make you more accommodating to your target market. For more information get in touch by sending us a DM or emailing us at office@striveinsight.com #MRX #MarketResearch #CustomerInsights #StriveTogether

Macy's — parent of not only its namesake chain but also Bloomingdale's and Bluemercury — is in the process of closing 150 of its underperforming stores as part of an initiative it announced in February to whittle down its fleet and make it more profitable. It's also said it planned to generate as much as $750 million by selling real estate such as stores and distribution centers. In tandem, the retailer has actually been rolling out small-format, off-mall stores as it shuts some mall locations.

Forged Real Estate's Weekly Property Spotlight: Brand New STNL Starbucks (S&P: BBB+) Located in Wilkes-Barre, PA (Luzerne County Seat) $2,964,000 Price | 5.50% Cap Rate | $163,000 NOI ✓ CORPORATE LEASE WITH RENTAL INCREASES – Starbucks (S&P: BBB+) Recently commenced a 10 Year Firm Corporate Lease featuring 10% Rent Increases Every 5 Years, including in the Option Periods. ✓ NO KICK OUT – No Early Termination Right Option in the Lease. ✓ COUNTY SEAT – Located in Wilkes-Barre, PA, the Largest City by Population and the County Seat of Luzerne County. ✓ STRONG PLACER.AI PERFORMANCE OF SURROUNDING RETAIL – Nearby Surrounding Retailers rank as some of the Best Performing Locations within their Respective Chains. The Walmart Supercenter (top 98% in the U.S. & PA), Target (top 90% in PA & 88% in the U.S.), Lowe’s (top 74% in U.S.), & Home Depot (top 79% in PA). (Placer.ai). ✓ DENSELY POPULATED AREA – Wilkes-Barre is the Most Populous City in Luzerne County, PA with a Population of 118,000+ and 51,000+ HH within 5mi., which are projected to grow through 2028. Marc Mandel | James Yi | Greg Zimmerman | Stephen Schrenk | Marco DiPrinzio Click Here to View Forged Real Estate's Current Inventory: https://lnkd.in/gNh7M9PA #stnl #netlease #starbucks #nokickout #investmentproperty #cre #retailinvestment #commercialproperty #commercialbrokers

Very interesting read on the valuable real estate held by “dead” or “dying” anchor department stores. Everybody has a local mall they know needs a refresh - the redevelopment of shopping malls is going to be an exciting area for the foreseeable future. #cre #retaillaw #redevelopment https://lnkd.in/eS5JKFfs

Tarantino is excited to announce the acquisition of the Bluffton Target Center, a prime 100,314-square-foot shopping destination located in Bluffton, SC, near Hilton Head Island. This fully leased center features prominent tenants including Dick’s Sporting Goods, Target, Starbucks, and Staples. With 100% occupancy, Bluffton Target Center ranks among the most visited shopping centers in the area, drawing customers from a 50-mile radius. The center benefits from an average tenant tenure of 12 years. Built in 2001, the center sits on more than 10 acres and is anchored by Dick’s Sporting Goods and Staples, with Target serving as a shadow anchor. Since its opening, Starbucks and Honey Baked Ham have occupied an outparcel. Additional tenants include Bluffton Braces, Payless Shoe, Advance America, Giuseppi’s Pizza and Pasta, Cricket Wireless, and La Hacienda. The transaction was represented by Zach Taylor of Institutional Property Advisors, a division of Marcus & Millichap, on behalf of the seller. #CommercialRealEstate #ShoppingCenter #RetailProperty #RealEstateInvestment #RetailSpace #BlufftonBusiness #LocalShopping #CommunityHub

Recent report shows that demand for retail space in Atlanta is outpacing the supply. Read more here >>> #CREatl #ATLcre #Atlanta #RetailCRE #AtlantaRetail #CREnews #AtlantaNews #CREatlTrends