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Exciting news for the retail industry in California! Centennial is leading the way with two active redevelopment projects in the state, and Lowe, one of our partners, is also re-imagining a Southern California shopping center. Both companies aim to meet the changing needs of consumers. Check out this informative article to learn more about the future of these malls. #CaliforniaRetail #RetailIndustry #ShoppingCenters #FutureDevelopment

CRE FLASH CARD ― BIG BOX RETAIL | SUB-GROUP 3 Big box commercial real estate refers to large, typically single-tenant retail or industrial properties that are characterized by their significant size and a functional layout that accommodates a specific type of business. These properties are often purpose-built to house large-scale retail stores or warehouses, and they can be found in various locations, such as shopping centers, standalone buildings, or industrial parks. These properties are typically quite large, with a substantial amount of square footage. Retail big box stores can range from 20,000 to 200,000 square feet or more, while industrial big box facilities can be even larger. Big box properties are often occupied by a single tenant or business, rather than being divided into multiple units for multiple tenants. This single-tenant arrangement allows for a more customized use of the space. Retail big box stores may have large showrooms, ample parking, and loading docks. Industrial big box properties may have high ceilings, wide-open spaces, and advanced logistics features. Some of the most common tenants are: Best Buy Goodwill Industries International Hobby Lobby LA Fitness Planet Fitness REI Tractor Supply Company Walmart #commercialrealestate #capitalmarkets #structuredfinance #newyorkcity #stoacapital

Exciting Retail Expansion in North McKinney: The Plaza at Fort Buckner North McKinney is set to welcome a vibrant mix of new businesses at The Plaza at Fort Buckner, a promising retail development by The Seitz Group. Here's a snapshot of what's coming: Diverse Business Mix: The first phase of this 150,000-square-foot retail center, located at the northwest corner of US 380 and Hardin Boulevard, is gearing up for a grand opening in early 2024. It will host a variety of businesses, including Cava, Frost Bank, Maple Street Biscuit Company, Cold Stone Creamery, The Lash Lounge, Pickleman’s Gourmet Cafe, The Brass Tap, Soak Nails, Piada, Dave’s Hot Chicken, Einstein Bros. Bagels, Torchy’s Tacos, The Soccer Corner, Revolution Barbershop, and more. Phase Two Excitement: The second phase, starting construction in January 2024, promises to add more flair with Dave and Buster’s and EoS Fitness among others. This phase is expected to be completed by mid-2024, with businesses opening towards the end of the year. Economic Impact and Growth: The Seitz Group, having developed retail centers on all four corners of the US 380 and Hardin Boulevard intersection, has already seen significant success. The existing spaces are fully occupied, with a waiting list of potential tenants. The development has generated $330 million in retail sales, added $220 million in constructed property value, and created 3,000 jobs. Once completed, the four corners will boast about 1.2 million square feet of developed space, offering a comprehensive mix of food, retail, fitness, and entertainment options. https://lnkd.in/gBQ48Rck #landsales #landinvestment #dfwrealestate #DFWRealEstate #CREInvestment #MarketLeadership #RealEstateTrends

New To Market: CBRE’s National Retail Partners is pleased to offer the opportunity to purchase Columbiana Station, one of Columbia, South Carolina’s premier large format shopping centers anchored by PetSmart, Dick’s Sporting Goods, Michaels, Havertys, Planet Fitness and Regal Cinemas (Shadow - Top Three Regal in the state of SC). -76% leased and presents an exceptional opportunity to add value through the lease up of 91,015 SF of space including two adjacent junior anchor spaces that can be leased separately or as a single suite, amounting to an estimated base rent increase of $1.2 M. -CBRE projects 44% NOI growth (9.60% CAGR) over 5 years primarily through lease-up. -The property is also comprised of 10 separate parcels, providing flexible exit or finance strategies. -The property contains 374,753 SF of retail, restaurant and service uses in the heart of a 3.2 million SF, regionally dominant shopping hub with the top regional mall in the MSA. Erin Varol Mike Burkard Matt Karempelis Kevin Hurley CBRE CBRE Retail CBRE Capital Markets

I believe we need to begin a discussion about why Malls have become less relevant than ever before. And, more importantly, how we can attempt to remedy that growing problem. 1100 malls and how many will survive? Many developers will not admit that malls are having issues. But that just isn't the case. This post will be the beginning of many dealing with the issues of Mall lack of sales, traffic, tenant retention, and consumer aversion in some areas. These posts are general in nature and not specific to any one asset. Again, not all malls. Many are terrific and doing well. To understand the issue, look at the history. 1. Malls began with urban migration to the suburbs. More land, better schools, less congestion, etc. 2. Mall traffic was predicated upon the draw of department stores. Everybody else were impulse shopping. Specifically, each city had a dominant anchor. i.e. Bullocks, Marshall Fields, Feiline's, Burdines, Jordan Marsh, Levi's, Dillards, Bloomingdales, Strawbridge and Clothier, Carson Piere Scott, and so forth. Sears and JC Penney's were moderate price alternatives, but still draws with big credit card and layaways. 3. When malls were built, most, many, some women didn't work. They had time to enter the "Castle of Malls" and spend time there. Few entrances and few exits. Big Boxes didn't come along until later. More to follow... but you can see where I'm going... and a cure to follow

#placemaking #highstreets #vacantproperty Have you thought about how #towncentre vibrancy can be improved, thanks to the next generation of high street entrepreneurs? Here's one of our latest projects...

Retail Space Rental • Prime Location: Retail space totaling 1,850 square feet, split into two units of approximately 925 square feet each. • High Visibility and Traffic Count: Ideal for businesses looking to thrive in a suburban setting. • Monthly Rent: $3,000 for a competitive edge in the market. • Versatile Space: Perfect for shops, cafes, and more. Customize to fit your business needs. Business for Sale with Seller Financing • Seller Financing Available: Step into ownership smoothly. • Well-Equipped Venue: Includes a newly installed type 2 hood system. • Business Details: Known for superior espresso and full licenses for beer, wine, and liquor. • Thriving Operation: Operates as a bakery and bar/tavern. • Offer Price: $179,900 with affordable lease terms. Package Deal—Business and Building • Includes both the business and building, priced at $779,800. • Multi-Use Building: Features four units—two retail spaces on the first floor and (2) 2-bedroom apartments on the second floor. • Total Space: 3,700 square feet of combined commercial and residential area. • Rental Income: Apartments currently rented—one furnished at $1,600 and one unfurnished at a friend rate of $1,000. Presented BY: eAgent Real Estate Berger Business Brokerage 440-667-4246 STRICT CONFIDENTIALITY QUARANTEED Residential & Commercial Real Estate Property Management Business Brokerage/Consulting Business, Residential, Commercial & Seller Financing Liquor Permit Transfer Assistance https://lnkd.in/eEUbZpGA

The retail landscape is evolving, and it's crucial to stay ahead of the curve. Small businesses are rethinking their real estate needs, but with all challenges comes opportunity! PROPERTY OWNERS/INVESTORS: Consider the shift towards flexible spaces and the growing importance of suburban locations. Many shopping center owners have replaced traditional retail tenants with "experiential" tenants. IE. client of ours just back-filled an apparel company with a craft Brewer Stay adaptable and stay informed. Let's navigate these changes together! 💪 #SouthFloridaRealEstate #RetailInvesting #AdaptabilityIsKey 🛍️📈

Metro Detroit Malls Evolve: 2024 Brings Exciting Changes Metro Detroit's malls are on the brink of significant transformations in 2024. Partridge Creek Mall in Clinton Township is preparing for the world's largest Powerhouse Gym to fill the old Carson's department store by early 2025, signaling a rejuvenation despite recent financial struggles. Meanwhile, Briarwood Mall in Ann Arbor has received approval to revamp its former Sears store into two-story commercial spaces, hinting at a promising reimagining of the area. However, the most ambitious plan unfolds at Lakeside Mall in Sterling Heights, where a colossal $1 billion redevelopment aims to create a mixed-use urban town center, necessitating the demolition of the existing structure. Repurposing vacant department stores marks a broader trend in these malls, emphasizing mixed-use spaces and community engagement. While these plans signal a promising future, their fruition may encounter challenges, timelines, and community input. Yet, they reflect Metro Detroit's resilience and adaptability, promising a redefined retail landscape and community hubs in the years ahead. Full Article: https://lnkd.in/e4AQptn6 #Mall #AdaptiveReuse #MetroDetroit #Shopping #ConsumerPreferences #Detroit #Michigan #Retail #RetailNews #CRE #Broker #CREInsights #CommercialRealEstate #News #Article #KeystoneCres #KeystoneCRE #ConsumerTrends #MarketInsight #Adaptation

Discover Pinehurst Retail Building: Prime Commercial Opportunity in Northgate Address: 11552 15th Ave NE, Seattle, WA, 98125 Property Overview: Introducing the Pinehurst Retail Building, a premier commercial real estate opportunity located in the bustling Northgate area of Seattle. Positioned on the highly trafficked 15th Ave NE, this property offers a lucrative investment for entrepreneurs, developers, and investors alike. Listed at $2,975,000, this versatile space promises strong potential returns and a strategic foothold in a thriving commercial hub. Key Features: Price: $2,975,000 Size: 5,656 SF on a 16,259 SF lot List Price Per SF: $525.99 Net Operating Income (NOI): $78,830 Cap Rate: 2.65% Zoning: NC2-55 (M), ideal for mid-rise development Occupancy Type: Single Tenant Property Details: The Pinehurst Retail Building is an exceptional structure with a distinctive half-barrel roof design, providing an expansive and flexible open floor plan. The ground floor features dual ADA restrooms and a utility closet, ensuring maximum utility for various business needs. An additional 900 sq. ft. on the second floor further enhances the building’s versatility. The lot also hosts a long-standing food truck tenant, boasting over a decade of successful operation, adding an attractive cash flow component for potential buyers. The property’s prime location and existing tenants make it a perfect candidate for both immediate use and future development. Financial Summary: Total Income: $98,832 Total Expenses: $20,002 Net Operating Income: $78,830 Real Estate Taxes: $18,002 (2024) Investment Highlights: Strategic Location: Situated in the vibrant NE Seattle area, surrounded by malls, theaters, sports arenas, and coffee shops. Development Potential: Zoned NC2-55 (M) with flat terrain, ready for mid-rise construction. Flexible Usage: Wide open floor plan suitable for various commercial purposes. Established Tenants: Continuous income stream from two retail tenants, including a popular food truck. Why Invest in Pinehurst Retail Building? This property offers a unique opportunity to capitalize on the growth and development of the Northgate area. Whether you are looking to buy and hold for steady rental income or develop a new commercial space, the Pinehurst Retail Building provides the flexibility and potential to meet your investment goals. The strategic location and existing cash flow make it an attractive option for savvy investors. Contact Information: To learn more about this property or to schedule a viewing, please contact the listing broker. Watch the Video Tour: https://lnkd.in/e3CWcEmQ #CommercialRealEstate #SeattleRealEstate #InvestmentOpportunity #RetailSpace #NorthgateSeattle #PropertyForSale #RealEstateInvestment #DevelopmentOpportunity #EntrepreneurialInvestment #CommercialProperty