The storm comes after last month's Hurricane Charley, which didmost of its damage in the Fort Myers and Orlando metropolitanareas.
Equity One Inc., a grocery-anchored center-owner based in NorthMiami Beach, is tracking the hurricane's movements and will makefinal emergency plans for its 80 centers in the state today, HowardSpizner, the company's CFO, tells GlobeSt.com. "We're prepared," hesays. "We have procedures and planning done well in advance."
Equity One estimated damages at its centers from Charley werearound $250,000. The company's Winn-Dixie-anchored CharlotteSquare, in Port Charlotte, sustained the heaviest damages, to itsroof and air conditioning systems.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
