Last month we looked at dozen factors for first time buyers of retail centers to consider. Here are twelve more factors to keep in mind when you are starting your due diligence. Some are obvious and some perhaps you hadn’t thought about. The list isn’t in any particular order of importance. This is not a…
OK, so you’re ready to buy your first retail center, or maybe you are already a seasoned owner who just wants a quick refresher course. Either way here are twelve factors to consider when you are starting your due diligence. Some are obvious and some perhaps you hadn’t thought about. The list isn’t in any…
In the past thirty something years I have had both the pleasure and horror of having met, interviewed, negotiated, and worked with countless retailers. For the most part their ranks are filled with ambitious and optimistic sorts that somehow can not only eek out a living, but can prosper and grow into admirable operations. Through…
One of Southwest Florida’s more unique retail venues, Flamingo Island Flea Market, recently was sold for $8.5 million. The deal was represented and brokered by Dougall McCorkle of Premier Commercial and Michael Lynch of MLPA Realty. Flamingo Island was first developed over 15 years ago and has since had a strong history of consistent…
Over the decades shopping centers have evolved many times. From size, focus, style shopping centers are a reflection of society, the economic times, and the composition of the stores themselves. Ever since the first civilizations built cities and towns, the congregation of merchants peddling their goods was largely based on transportation and how people…
The Village on Venetian Bay is excited to welcome Tommy Bahama to its growing list of regional and national retailers. The addition of the Tommy Bahama store is an example of the growing attention the Village is garnering from high quality retailers. The upscale waterfront specialty center posts some of the strongest retail…
What is old is new again. Dougall McCorkle and Premier Commercial has been engaged to exclusively represent The Village on Venetian Bay. The Village is 125,000 square foot high-end specialty center located directly on the waterfront along Gulfshore Boulevard in North Naples. The exclusive center includes six restaurants and more than 40 other unique shops.…
One of the rewarding side benefits of being in the commercial real estate business is seeing your clients become success stories and their property become improved for the betterment of the community. Just such an example is the dramatic transformation of an out-of-favor building into the West Indies Home Collection on the North Trail. Calling…
The evolution of retail and retailers is inevitable. As consumer’s tastes change and technology continues to force change, the revolving door of retailer names keeps rotating. Those changes have never been so rapid as they are right now. Remember the days when every shopping center included the likes of video store, travel agent, or a…
Rather than tear down or cover up what was once grand and luxurious, these buildings were given a new lease on life. Neither for the lack of available retail space, funding, or just to keep that old charm around a little longer, these new tenants preserved a large majority what was great then and still is today for their guests to…