Category Archives: Americas Retail

Supermarket Sweep Part 2: Convenience, Price & Experience

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This blog post is a continuation of  Supermarket Sweep Part I: Grocers Compete, Retail Real Estate Wins. In order to carve out market share in the slowly growing industry, grocery sellers will have to fight tooth and nail in order to prevail in each arena: convenience, price and experience.

1. CONVENIENCE: Make it easy to buy

grocery 10Surrogate shoppers do the hard work… Read More

Supermarket Sweep Part I: Grocers Compete, Retail Real Estate Wins

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Do you remember the game show Supermarket Sweep? In it, teams of shoppers would race through the grocery aisles competing to fill their carts with the most expensive items within a time limit. The show turned what many considered a dull weekly chore into a race against time. Back when Supermarket Sweep first aired in the sixties and later when it was revived in the early nineties, the weekly shopping trip… Read More

JLL Acquires Retail Lease and Debt Restructuring Expert Huntley, Mullaney, Spargo & Sullivan, Inc.

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JLL is now better positioned to help retailers across the United States control costs and improve profitability with the acquisition of lease and debt restructuring firm Huntley, Mullaney, Spargo & Sullivan, Inc. (HMS). The transaction is consistent with JLL’s growth strategy and will enable the firm, already a national leader in retail real estate services, to provide a broader range of services to retailers. While mostly focused on retail chains, HMS… Read More

Q&A with JLL’s Bob Gibson: 5 Reasons Why NYC is a Global Retail Mecca

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NYC1) Tourists Love the Big Apple: A record 56.4 million people descended upon New York City in 2014, a 23% increase from only five years prior. And when tourists visit, they shop and spend money—that crowd generated a record $61.3 billion in overall economic impact. The City’s lofty goal: to attract 67 million annual visitors by 2021.

2) Everything Old is New Again: Worldwide… Read More

JLL Partners with Maryland’s Newest Resort Experience MGM National Harbor

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JLL today announced that it has been retained by MGM Resorts International to lease the luxury retail promenade in its newest development, MGM National Harbor. The property is located at the intersection of I-95 and I-295 in Prince George’s County, Maryland, and is expected to open in the fourth quarter of 2016.rendering MGM

MGM National Harbor will encompass 308 hotel rooms,… Read More

JLL Awarded Property Management Assignment for Reno’s Ridgeview Plaza

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JLL today announced that it has been retained by Yacoel Properties to manage Ridgeview Plaza, a 173,000-square-foot neighborhood center located in Reno, Nevada. The property has nearly 30 stores, and is currently anchored by Kohl’s, Safeway, Ross Dress for Less and PetSmart.
Ridgeview
Sondra Van Metre, Director of West Coast Retail Property Management for JLL will lead the assignment for… Read More

JLL Expands Retail Practice in Washington D.C. with Broker Duo

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JLL continues the strategic expansion of its national Retail Brokerage services with the hiring of experts Thomas Jackman and Andy Corno in Washington, D.C. Jackman and Corno join the firm as Vice Presidents with more than 20 years of combined experience. The two will work in concert with and complement JLL’s Mid-Atlantic tenant representation experts Greg Ferrante and Arris Noble, who have served the market’s retail needs for nearly a decade,… Read More

Community Shopping Center Asset Trades in Baton Rouge, Louisiana

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On behalf of Kimco Realty, JLL’s Capital Markets experts today announced the firm has closed the sale of Hammond Aire Plaza, a nearly 350,000 square foot community shopping center  located in Baton Rouge, Louisiana. A joint venture partnership between DRA Advisors and Viking Partners purchased the asset.

SS150718-543Managing Director Margaret Caldwell, Vice President Diane Roberts and Associate Eric Spencer led the JLL… Read More

Metrics for Success in a Clicks (and Bricks) World

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The term ‘omnichannel’ has become so ubiquitous that there doesn’t seem to be any real separation between the online and offline channel anymore. Consumers buy online and pick up in store, or buy an in-store item to shipped to their home or shop at the store, having already researched the product online.

In fact, there are very few retailers who can exist without an online presence, and even successful online retailers are… Read More

The Comeback of Retail Brick and Mortar Construction

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Crain 2In 2006, NASA launched the New Horizons spacecraft for a nine -year mission, the Steelers defeated the Seahawks, and the Nintendo Wii was introduced to America’s youth. It was also the year retail development in the U.S. hit an all-time high of 261 million square feet under construction, with ambitious mega entertainment facilities underway. Within five years, construction halte
d… Read More