The recent acquisition of a portfolio of JCPenney stores has brought a new focus on underutilized anchor space and shopping centers. The opportunity is large for creative investors. In this video, Bryan Ley, Managing Director of Northmarq's National Shopping Center Group, talks about some of the options investors and developers may have to find a second life for such spaces.
You’ll also hear:
You’ll also hear:
- Why anchor stores are a new target for opening retail opportunity,
- What challenges exist in repositioning assets, and
- How uses like medical and education can breathe new life into an older center.
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