Indianapolis grocery-anchored retail center sells for $22.283M Tri-Land Properties sold a neighborhood retail center anchored by Kroger and Ross Dress for Less in Indianapolis, Indiana. First National Realty Partners acquired Southern Plaza from Tri-Land Properties who was represented by Prodigy Real Estate Group Co-Founder, John May. This 266,000 square-foot, neighborhood shopping center is anchored by …
...Academy Sports + Outdoors is entering new markets as part of its store expansion plans. The sporting goods and outdoor recreation retailer is expanding its footprint in Florida with its first locations in the Tampa Bay area. Academy will open at The Shoppes at Park Place in Pinellas Park in winter 2022 and at Cypress …
...Atlanta-area retail center in booming submarket sells for $18.2M JLL Capital Markets closed the sale of the neighborhood retail center shadow anchored by Kroger in Smyrna, Georgia JLL Capital Markets announced today that it has closed the $18.2 million sale of The Crossings at Four Corners, a 59,987-square-foot, neighborhood shopping center shadow anchored by a …
...Prices of retail property are looking attractive after years of weak growth. Private investors are snapping up shopping centers and other bricks-and-mortar real estate, a bullish sign for the beleaguered retail property sector as it emerges stronger than expected from the Covid-19 pandemic. While many real-estate investment trusts and other big players remain cautious, retail …
...Amazon.com Inc. is advancing a plan to open a chain of U.S. grocery stores with early outposts in Los Angeles, Chicago and Philadelphia, according to people familiar with the matter…
...The following quotes where used in the Tri-Land Retail Value Add Fund LLC brochure dated 09/2019. Footnote (1) – CBRE 2019 Food in Demand Series https://www.dropbox.com/s/ow3d8abj17a41qr/US%20Retail%20Food-In-Demand-Grocery-Report%20May%202019.pdf?dl=0 Grocery-anchored assets’ overall stability, their resilience to economic downturns and their relatively low e-commerce penetration rate ensure reliable traffic and sales. This has made grocery-anchored shopping centers a favorable …
...Tri-Land Properties to redevelop Salem Gate shopping center in Conyers, GA. Hobby Lobby and others seek to anchor this 220,000 SQF project.
...Tri-Land owner of Century Plaza in Merrillville, IN presented a $50 million proposal that would convert properties to a convention center in two years.
...There was a great article posted by the Chicago Tribune, which discussed digital maps versus paper maps. At Tri-land, we believe in the power of the paper map We have had entire offices, rooms and even vacant retail space dedicated to paper maps. I have been asked many times, “Why don’t you just use Google Maps?” Or, “Why don’t you just digitize that?”. I believe this article helps answer that question…
...Five reasons for why retail is not going away according to Rodney McMullen the CEO of Kroger.
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