Physical Environment, Tenant Type Matter

NEWPORT BEACH, CA—The aesthetics of a retail center, including where the property is physically located, along with the type of tenants occupying space have become the new focus of lifestyle shopping centers. Chris Fredrick, president, and Ian Furar, managing partner, of locally based CCP Real Estate Advisors, tell GlobeSt.com that these two factors will determine the success or failure of a retail center in today’s environment.

“We’re in the midst of a retail change,” Fredrick says. “We came through the ashes of the downturn in the economy, developers are coming out of the ground and are doing much more thoughtful projects than previously.”