TAMPA, FL—Redevelopments are taking over the Tampa Bay area, with several shopping centers either beginning or wrapping up projects this year. From strip centers to malls, all kinds of retail properties are being redeveloped, but the lion’s share of activity is focused on non-performing assets located in key corridors. So says Brian Bern, a senior director at Franklin Street.

“Several anchor tenants and big box chain stores have exited the market, leaving behind spaces that are too big to backfill,” Bern tells GlobeSt.com. “Landlords are being forced to reposition their assets as size requirements and anchors have changed.”

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