PRINCETON, NJ-NAI Global has rolled out NAI ReStore, a new venture aimed at providing retailers and shopping center developers with a variety of real estate services. Those services range from site selection, to tenant rep, acquisition, disposition, investment sales, valuation and project management. Also part of the package are NAI Analytics' geo-demographic mapping and customer segmentation.
“This corporate services approach is common in office and industrial real estate, but relatively new in the retail sector,” says NAI Global president and CEO Jeffrey Finn. “Multi-market retailers will be able to work with a single point of contact, a single transaction management platform and a standardized process.”
And NAI Global has tapped veteran retail operator and advisor David Solomon as president and CEO of the new venture. Solomon has, in the past, operated his own retail brokerage firm, has invested and owned several shopping centers and was among the founding investors in such retail operations as Zany Brainy and Mid-Atlantic Restaurant Systems, the largest Boston Chicken franchisee.
“Real estate is often the most valuable asset for a retailer,” Solomon says. “We can help clients unlock the potential and capitalize on the worth of those assets.”
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