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The emergence of ecommerce and experiential retail have made a certain class of national brand credit tenants in high demand. Retail owners are looking for retailers that are Internet resistant as well as retailers that provide stability well into the future. This is especially true for new retail properties, which are looking to curate a tenant mix that can conform to changing trends. The new Monrovia Landing from developer Warner Pacific Properties is anchored by a T.J. Maxx HomeGoods and an ALDI, and has signed additional tenants ULTA Beauty, Kids Empire and Tapioca Express, a roster of credit tenants that will keep a competitive edge.

“The leases that we have signed at Monrovia Landing are following the current trend in many markets, a mix of retailers that are less impacted by Amazon and e-commerce. They are ALDI, a discount supermarket, which anchors the center, along with T.J. Maxx, an off-price retailer; HomeGoods and ULTA Beauty, which are specialty retailers; Kid’s Empire, a children’s playground/entertainment user; and Tapioca Express, a Taiwanese-American food chain,” Michael Odell, principal with Warner Pacific Properties, tells GlobeSt.com. “All-in-all, we have established a great tenant mix that should be attractive to shoppers in Monrovia and the surrounding San Gabriel Valley.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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