Retail performance fundamentals are in a holding pattern as vacancies remain flat. Net absorption has softened as quality space gets harder to find thanks to limited development in recent years. Restrained construction and few new retail space additions have also kept rents inching upward, moving many major markets to their… Read More
Riverstone Capital Group purchases the Peachtree City retail asset
JLL announced it has sold The Shops at Lexington Circle on behalf of Mirabeland Investments and Concordia Properties. The 43,199-square-foot open-air shopping center is located in Peachtree City, a suburb of Atlanta and is anchored by Sprouts Farmer’s Market. Coral Gables-based Riverstone… Read More
Ever notice that Halloween store that opened overnight? Or, heard through the grapevine that your favorite Etsy store would be opening a home in your neck of the woods? Pop-up stores are becoming increasingly popular and can generate tons of buzz and business for retailers looking to expand their brand and… Read More
Although the aesthetic of Washington DC is conservative, it doesn’t mean the shopping is. Whether you’re looking for highly regarded brands or a trusted national retailer, there’s no limit to what the nation’s capital provides. With the arrival of big names in retail and food & beverage, the city is proof that it’s prime for growth and repositioning.
Washington DC’s Metro Center is an emerging retail
On behalf of Katz Properties, LLC, of New York City, JLL’s Capital Markets experts today announced the company completed the sale of the 211,758-square-foot Brookhaven Shopping Center in Brookhaven, Pennsylvania. The Shoprite and Lowes anchored property traded to Invesco Real Estate, a global real estate investment manager. JLL’s Managing Directors Chris Angelone and Jim Galbally led the team on the sale.
“We’re seeing institutional investors continue to target grocery-anchored assets in infill… Read More
When the Chicago Cubs won the 2016 World Series (after a long 117 years), tourism was booming and the victory parade blew 5 million people into the Windy City. Chicago is home to fresh and established corridors that are bringing in more people and ultimately, more money. With their energy and mix of options, it’s no wonder that Magnificent Mile, State Street, Oak Street, Wicker… Read More
Whoever said brick-and-mortar shopping is a dying breed hasn’t visited Canada. Toronto and Vancouver’s prime urban retail corridors are a shopper’s paradise. From independent boutiques to upscale luxury retailers, both cities have something for every budget.
Vancouver’s South Granville attracts international retailers, tech titans and independent home-goods boutiques while Robson Street sees transformation from bleak to chic with international and luxury retailers.
JLL launched its inaugural City Retail report, which reveals the 10 most affordable and desirable retail corridors in the United States based on average asking rent per square foot. These shopping districts have growing populations of working millennials, rising foodie scenes, and trendy mixes of up-and-coming retailers and well-known brands.… Read More
In the first quarter of 2017, U.S. retail transaction volumes reached more than $16 billion, which is a slight 4.9 percent decline over last year according to preliminary figures released by JLL. But despite the dip, JLL expects a strong pipeline of transactions to grow and continue to stabilize this year
“Going into this year, we anticipated being extremely busy as our investor clients expressed a desire to sell a significant amount… Read More
Inland Real Estate Acquisitions, Inc. purchases approximate 200,000 SF New Hampshire shopping center
BOSTON, May 9, 2017 – On behalf of Quincy & Company, JLL’s Retail Capital Markets team today announced the sale of Pentucket Shopping Center, a 199,335-square-foot shopping center anchored by The Home Depot in Plaistow,… Read More