Brett Heimes of DP Management/TCN Worldwide on why strip malls remain a viable asset class for investors.
After two terrible years—when stores closed due to lockdown mandates and foot traffic plummeted—the retail industry has had to reinvent itself to gain its customers back. Shopping malls expanded their offerings to include more gyms, entertainment spaces and theme parks, but other types of retail spaces are also undergoing significant changes.
Commercial Property Executive reached out to DP Management‘s Director of Retail Leasing Brett Heimes and asked him to share his thoughts on how strip centers can stay relevant in today’s business climate. The TCN Worldwide member has a significant presence in the Midwest, with its portfolio currently encompassing more than 30 strip centers and malls...
Commercial Property Executive reached out to DP Management‘s Director of Retail Leasing Brett Heimes and asked him to share his thoughts on how strip centers can stay relevant in today’s business climate. The TCN Worldwide member has a significant presence in the Midwest, with its portfolio currently encompassing more than 30 strip centers and malls...
"Centers that can achieve this mix of tenants will be able to provide shoppers with an enjoyable and effective shopping experience and, therefore, allow the tenants to achieve their sales objectives."
RSK: Well maintained and located strip malls are doing well at the moment. The best ones in my estimation are ones like Fiore`s Lakepoint on University Ave...where they have apartment units above.
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- - Volume: 10 - WEEK: 50 Date: 12/5/2022 11:29:52 AM -