Phillips Edison & Company’s Post

Store relaunch: Olivedale Superspar Randburg - All Saints Center When a store is reborn, it is given a brand new lease on life. It's not just about a fresh coat of paint or new signage; it's about revitalizing the spirit of our community. This store isn't just a place to shop—it's where we greet familiar faces, share experiences, and build connections. The relaunch of Olivedale Superspar at the All Saints Center represents a commitment to serving our neighbors better than ever before. We’re not only upgrading our products and services but also reaffirming our dedication to being a cornerstone of our community. Together, we embark on this exciting new chapter, ready to create more memories and continue growing with you. Welcome to the new Olivedale Superspar—where every visit feels like coming home.🏠 #StoreRelaunch #CommunityRevitalization #OlivedaleSuperspar #AllSaintsCenter #NewBeginnings #CustomerExperience #CommunityFirst #RetailExcellence #ShopLocal #CommunityConnection #BetterTogether #RetailTransformation #LocalBusiness #CommunitySupport #CustomerFocused

There’s no bigger sports fan than me. And yet, as I explain near the end of this Philadelphia Inquirer story (link below), something about the plan for a new 76ers’ BASKETBALL ARENA ON Center City's HISTORIC SHOPPING STREET doesn’t smell right. It is true that neither the Market East district (with 22.0% vacancy as of 9/23) nor the Fashion District mall (24.4%) are thriving at the moment. The Sixers may even be right that their plan is the one most likely to catalyze large-scale real estate transformation there. But is that what's actually called for, or even widely desired? After all, the arena would also obliterate three of the “experiential” anchors - AMC, Round 1, City Winery - that supposedly represent the next (Internet-resistant) wave of retail. More to the point, Market East has for decades catered to Philadelphia's middle and lower-income shoppers, a sharp contrast and important supplement to the more upmarket mix along Center City's Rittenhouse Row. The Fashion District featured - and still features - a slew of brands that serve this purpose, like Primark, H&M, Forever 21, Burlington, ULTA and a host of branded outlet stores (Nike, Levi's, Columbia). Does such an offering maximize the location’s and corridor’s development potential? Maybe not. But that’s not the only role of a Downtown. Indeed, I’ve long argued that a Downtown - especially the part of it that sits at the nexus of the regional mass-transit network - should also act as a true crossroads for the entire community. In my mind, then, it was/is the right move, in terms of market positioning and civic cohesion, to focus on broadly-accessible “crossover” retail along Market East: to waive the white flag after four pandemic-filled years seems not just premature – with so many of the initial retailers still remaining – but irreversible, for once the number and range of stores falls below a certain threshold, the “comparison-shopping” appeal plummets. The arena would only need one-third of the existing footprint, so the current mix could theoretically be consolidated in the remaining two-thirds, but that's easier said than done. Proceed with caution, Philadelphia. #retailcontrarian #retail #retailleasing #retailrealestate #retailproperty #retailtrends #retaildevelopment #retailmarket #retailbroker #retailspace #retailindustry #retailers #downtown #mainstreet #mainstreets #citycenter #citycentre #highstreet #urbanretail #icsc #commercialrealestate #ida #iedc #uli #icma #planning #marketanalysis #siteselection #futureofretail #urbandevelopment #jll #zoning #retailvacancy #vacantstorefronts #emptystorefronts #citymanager #cnu #businessimprovementdistrict #wwd #retailbrew #storefront #downtownrevitalization #nyt #wsj #urbanregeneration #planetizen #economicdevelopment #storefronts #atcm #centercitydistrict #ccd #centercityphiladelphia #brickandmortar #ecommerce #shopping #brickandmortarretail #ingasaffron #jeffgammage #cherelleparker #marksquilla #urbanist #dvrpc #davidadelman

Just Listed: A newly renovated 6,194 SF Strip Center with Billboard Signage and Cell Tower at the highly visible intersection of South La Brea Avenue (42,000 VPD) and West Olympic Boulevard (43,111 VPD) Key Investment Highlights ·      Excellent Visibility and Access – Located on the hard corner of W Olympic Blvd (43,111 VPD) and La Brea Ave (42,009 VPD ·      Transit Oriented Property – The Property is adjacent to multiple Metro bus stops along Olympic Blvd and La Brea Ave. Coming soon is the new Metro Purple line which will connect Westwood to Century City to Downtown. The Wilshire/La Brea stop will be located just north of the Property. ·      High Barriers to Entry – The infill location and lack of surrounding developable land sites ensure income security and continued value appreciation. ·      Highly Dense Affluent Demographics – Over 1.1 million people live within a 5-mile radius of the Property and residents in a 1-mile radius have average household incomes of more than $111,000. ·      Proximity to Major Employers – The Property is centrally located among multiple employment hubs including Century City, Downtown, Culver City, and Hollywood. ·      Multiple Revenue Streams – The Property features additional income from a billboard component and a wireless cell tower which helps to maximize cash flow. ·      Internet Resistant Tenants- The current tenant lineup is made up of a diverse mix of internet resistant tenants including a convenience store, food & beverage, pet grooming, and spa. Reach out for details. Tess Berghoff Bryan Ley Justin Stephen Jack Dockham, CPA @jll #jllcapitalmarkets #retail #stripcenters

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

THE NATICK MALL IS ALIVE AND WELL: It's great to see the Massachusetts economy continuing to rebound after the pandemic. According to a U.S. News & World Report in a Best States ranking poll, The Baystate is ranked 9th in Economy, 3rd in Education and 3rd in Healthcare. So that means we have plenty of money in our pockets as we drive to school and work over the toughest infrastructure (roads and bridges - rank 42nd) in the country. Must be the thorough job deicing roads during the winter..... but I digress. Congratulations to Brookfield Properties and Brookfield Asset Management for maintaining a stable economic way of life for the millions of residents, workers, business owners, visitors, investors and tourists who frequent Natick and that Route 9 section of Framingham, MA. After the closure of the Atrium Mall in the Chestnut Hill neighborhood of Newton, it was expected that a domino effect had begun but it's refreshing to be proven wrong. Simon Property Group and other mall owners in Eastern Mass have understandably had their share of struggles -- even while being located in some of the busiest suburbs outside of Boston. #wholesale #retail #fashion #convenience #servemart #cellular #company #commercial #smallbusiness #selfemployed #businessgrowth #boxstore #countrywide #serviceprovider #nobodyshouldwait #plumbing #heating #hvac #parts #supplies #plumbingsupplies #heatingsupplies #hvacsupplies #dinner #diner #restaurant #breakfast #lunch #hotel #motel #FM #facility #facilitymaintenance #supermarket #facilitiesmaintenance #customerservice #frontlineworker #bookstore #autorepair #workorder #invoice #servicechannel #fixxbook #pharmacy #medicalindustry #boston #greaterboston #newengland #massachusetts Note: the Article is posted in Immersive Reader Mode. Please Comment below if you have any issues and I will replace the link. Article Title: WHAT STORES ARE OPENING AT THE NATICK MALL IN 2024 read://https://lnkd.in/gPF_qqRs

Surround yourself with convenience, nature, and community at Schofields. From shopping and healthcare to green spaces and sports facilities, everything you need for a fulfilling life is right here. Register for our exclusive event to know more about this emerging suburb. (link in comments) #QuarterAcre #Schofields #RealEstate #SydneyRealEstate #Sydney #PropertyInvestment

Industry News: Retail Development Programs Favor Suburbs, Shifting Shopper Habits With high operating costs eroding profitability at many urban stores, major retailers are concentrating development and store renovations in suburban locations with layouts geared to the latest consumer preferences. As more retailers follow suit, early adopters provide object lessons in best practices to better serve an evolving customer base and reveal pitfalls to avoid along the way. “Retailers are more sensitive to the pressures of high cost and loss prevention in urban markets, and as a result, they are backing off in those areas,” says Cornelius Brown, a principal and regional manager in the Philadelphia office of Bohler. “Retailers looking to grow, in our experience, are shifting to the suburbs and using retail program methods to cut costs.” Bohler is a land development design and consulting firm that helps developers move their projects forward quickly. Recently, those clients have been keen to avoid risk in both site selection and design features, Brown says. ————————————————— 💥Over 16 MILLION Square Feet Represented💥 ✅Visit https://lnkd.in/gKX9JcPy for more! ————————————————— #realestate #newenglandretail #property #forsale #retail #realestateinvesting #business #broker #realestatenews #properties #investor #investmentproperty #connecticut #nerp #newengland #connecticutnews #newenglandrealestatenews

Discover the common thread among the new Zona Rosa stores in this insightful Kansas City Star article! Dive deeper into what's shaping the latest additions.

Coming soon to Verrado, Harkins BackLot, Target among retailers announced for Buckeye shopping center Marshalls, Ross, HomeGoods and Safeway are the first businesses to announce plans to be part of Verrado Marketplace, an open-air shopping center coming to Buckeye. Vestar, the Phoenix-based developer of Desert Ridge Marketplace and Tempe Marketplace, is planning to break ground on Verrado Marketplace in the summer of 2024, said Jeff Axtell, executive vice president of development for Vestar. The shopping center will be north of Interstate 10 and east of Verrado Way. The long-awaited shopping center will be organized into different "districts." The entertainment portion will be anchored by Harkins BackLot, which includes a movie theater and other attractions, like restaurants, bowling, an arcade and party spaces that can be rented, Axtell said. Outside the BackLot will be an outdoor amenity area with a splash pad, shaded green space, patios and room for outdoor events like concerts, said David Larcher, president and CEO of Vestar. UNMET DEMAND FOR RETAIL IN BUCKEYE #housing #homesforsale #homeownership #homebuyers #homeowners #nar #realestate #sold #homesellers #homesweethome #kw #kwrealty #westvalley #surpriseaz #goodyearaz #buckeye #peoriaaz #glendaleaz #newhomesales #newhomeconstruction #newbuildhomes #newbuild #builders #housingmarket #housingmarketupdates #marketdata #newhomesales #homebuying #avondale #Litchfield #realtor #realtorlife #arizonarealestate #infrastructure #transportation #technology #community #people #future #commercialrealestate #sustainable #respect #multifamily #design #community #property #jobs #development #project #help #developer #success #veterans