Corinne Pulitzer’s Post

Transforming challenges into opportunities: What's the future of vacant grocery stores and big box retail spaces here on Long Island? In the evolving landscape of retail, the shift in consumer habits presents an opportunity for innovative retailers. The sight of large, vacant big box stores and grocers is becoming increasingly common here on the Island, but within these spaces lies the potential for creative reinvention. For forward-thinking retailers, these expansive spaces offer a canvas for creativity. From stores that blend shopping with entertainment, to multi-purpose venues that house a mix of retail, restaurants and even fitness and entertainment centers, the possibilities are boundless. The key to unlocking these opportunities lies in thinking beyond traditional retail. By integrating technology, community engagement, and sustainability, retailers can transform big vacant stores into vibrant hubs that attract a wide audience. Moreover, repurposing these spaces contributes to sustainability efforts by reducing the need for new construction and revitalizing communities. As a commercial real estate broker specializing in retail, I'm here to guide you through the process of finding and transforming large vacant spaces into your next success story. Let's explore the possibilities together and redefine the future of retail. If you're in search of innovative ideas or site selection assistance, don't hesitate to contact me. 631-761-6885 jpacifico@nailongisland.com #NAILongIsland #CommercialRealEstate #Retail #Restaurants #PickleBall #MovieTheaters #BusinessGrowth #LongIslandCRE #Community #HealthClub #LetsGetCreative

Retail Demand Outpaces Supply Demand for retail space continues to increase. The market has experienced a leasing rate of 35.1% over the last 12 months, higher than the previous year’s rate. Also, most retail spaces currently under construction have already been pre-leased. Only 25% are available for lease, creating a competitive market. Small spaces are performing well in the current retail market. Two-thirds of executed leases were for small spaces of less than 2,500 square feet, companies that thrive in smaller spaces are increasing openings. These smaller spaces are especially suitable for quick service and fast-casual restaurants. As a result, McDonald’s, Chipotle, Wingstop and other popular chains have reported almost 2,000 potential openings in 2024. Let’s Talk - Marguerite Greene , Senior Vice President Commercial, C21 Triangle Group, Providence and Collective 919 219-9312 

Retail Demand Outpaces Supply Demand for retail space continues to increase. The market has experienced a leasing rate of 35.1% over the last 12 months, higher than the previous year’s rate. Also, most retail spaces currently under construction have already been pre-leased. Only 25% are available for lease, creating a competitive market. Small spaces are performing well in the current retail market. Two-thirds of executed leases were for small spaces of less than 2,500 square feet, companies that thrive in smaller spaces are increasing openings. These smaller spaces are especially suitable for quick service and fast-casual restaurants. As a result, McDonald’s, Chipotle, Wingstop and other popular chains have reported almost 2,000 potential openings in 2024. Let’s Talk - Marguerite Greene , Senior Vice President Commercial, C21 Triangle Group, Providence and Collective 919 219-9312 

🍑Edie Weintraub -Retail Restaurant Real Estate is quoted by Bisnow in this article on Retailers Struggling to Find Space in Historically Tight Atlanta Market. Read the full article to find out why shrinking store footprints are helping retailers achieve cash flow sooner with new locations. 🛍 🛍 👇 https://lnkd.in/eiCPfTEZ #RetailBusiness #RetailTrends #BusinessTrends

JUST LISTED - Panera Bread 4-Tenant Strip | Mansfield (Ontario), OH We are excited to be brining to market a 4-tenant strip center located in Mansfield (Ontario, OH). This site benefits from strong retail synergy, local positioning, and high traffic counts. About one month ago I toured the site and was not only surprised by how much retail development is going on in the nearby trade area, but also by the number of cars and consumers in the nearby parking lots. There is a lot to be excited about in the Mansfield (Ontario) market; providing below some brief investment highlights as a sneak peek. - List price of $2,601,487 yielding a 7.50% Cap Rate - Main Retail Corridor: Strong retail synergy with numerous national brand tenants including but not limited to Menards, Meijer, Target, Best Buy, Starbucks, IHOP, Sunbelt Rentals, Sam’s Club, Lowe’s, ALDI, Applebee’s, Taco Bell, AT&T, Panda Express, Five Guys, Mattress Firm, Outback, & more. - Long Term Occupancy: Panera Bread has been at this location since 2006 and recently installed a drive-thru to be up to the tenants current real estate plans and development standards. The tenant signed a brand new, 10 year extension in 2020 showing their long-term commitment to the location. - Extensive Retail Development in Trade Area: National tenant’s are developing in the local trade area given low vacancy within the Ontario retail hub. Recently completed and current developments include but are not limited to Caliber Collision, Culver’s, Ferguson, Holiday Inn Express, & more. Healthy WALT: The property’s Weighted Average Lease Term (WALT) exceeds 5 years. Reach out to me directly with any questions or interest - edward.desimone@matthews.com

This article offers a great perspective on the Brookfield Properties approach to developing our U.S. retail portfolio through periods of change. As our chief development officer Adam Tritt says, there can be a silver lining to transforming and investing in anchor boxes, offering mall owners the opportunity to curate the retail, dining, and other creative uses that will get today's shoppers to the mall. Highly recommend the read! #brookfieldpropertieslife #retaildevelopment

I recently had the pleasure of talking with Al Urbanski at Chain Store Age about trends in grocery-anchored real estate. We discussed the strong market dynamics, where we see opportunity, growing retailer categories, and why grocery-anchored centers continue to be in strong demand. We also talked about why PECO treats every center in the portfolio as if it were its own business and merchandises them accordingly. We call it being locally smart and it's vital to the success of our neighborhood shopping centers. You can read the article here: https://lnkd.in/gu_sz8Mb

Exclusive listing Deno Bistolarides #nnn #nn #newprice #retail #investments #singletenant #multitenant #stripcenter #listings #popeyes #restaurantbusiness #restaurantindustry #restaurantforsale #cre #lagrange #georgiarealestate #encorecommercialrealestate #encorerealestateinvestmentservices #encorereis

When Foxtrot closed doors earlier this year, what was not predicted was the frenzy of #RetailRealEstate operators pouncing on the opportunity to capture some prime #Retail frontage. In today's market, retail vacancy is sitting at a historic low, which is sub-5 percent, nationwide. So when there is any inkling of prime #RealEstate coming available, there is a "line out the door" to snag a piece of it, especially those spaces which are in dense neighborhoods which lend themselves towards retail operators like restaurants, entertainment venues and all types of retail concepts. The current market favors #Landlords and established operators, as landlords have a sea of potential tenants to choose from and established operators are able to provide the corporate guarantees, high rental rates and long-term leases which landlords are always seeking of a potential tenant.

C-store updates, remodels, and refreshes are important to retain customers and create new loyal customers to beat the competition. There are over 152,000 convenience stores operating in the US alone! That's more stores than McDonald's and Starbucks combined according to NACS. What would it cost you if your C-stores did not perform against the competition? Read more in the newest article "Projects Spotlight: Transforming C-Stores One Project at a Time" by Matt Teeter, Vixxo's Sr. Project Manager of C-Stores: https://hubs.li/Q02CkRNg0 #cstores #facilityexcellence #projects