20A — February 22 - March 14, 2013 — Top Retail Deals 2012 — Mid Atlantic Real Estate Journal
T op R etail D eals “2012”
Bennett Williams Realty, Inc.
Fameco Real Estate, LP
BENNETT WILLIAMS REALTY INC. 110 North George St., York PA 17401
FAMECO REAL ESTATE, LP Conshohocken, PA, Center City Philadelphia, PA, Woodbridge, NJ Total of S/f Leased, Sold or acquired: 3,600,000 sf Top deal of 2012: : Dick’s Sporting Goods Dover, DE – 51,900 s/f
Total Sales or Acquisitions: $160,593,480 Total of S/f Leased, Sold or acquired: $1,798,762.00 Top deal of 2012: $7.2 million sale of Kingston Square shopping center in York, PA (Retail) $14.48 million sale of HACC York campus (Office), approx. 101,000 s/f
BRIEFOVERVIEWOF 2012: While 2012 was still a bit slower than past years, we saw increased activity toward the end of the year that indicated a renewed interest in executing new deals for national and regional retailers as well as some local tenants. This in turn has sparked re- newed interest from developers that had previously placed their new projects on hold. Investment sales remained consistent for buyers with a desire to acquire properties and expand their portfolios.
F ameco R eal E state , LP BRIEF OVERVIEWOF 2012: 2012 was a solid year in the retail market with leasing activity continuing at a brisker pace than in the past 2 years. Leasing was strong amid many retailer categories, but was particularly robust in the restaurant sector. More retailers returned to the market in 2012 and many of them completed multiple deals. Fameco’s landlord division continued to see institutional owners reach out to Fameco for their expertise. For the first time in several years, new developments are being discussed and Fameco is currently working on several exciting new ground up projects from Center City to the Philadelphia suburbs to central/northern NJ. Short Statement on 2013 Outlook: In 2013, we expect to see continued improvement across all retail sectors. As fears of the fiscal cliff recede, we anticipate the retail market to continue its positive momentum. Forecasts from our clients are positive, growth plans are being discussed, site tours are underway and deals are progressing. n
Short Statement on 2013 Outlook: 2013 appears to look bright and to be stronger that 2012. Re- tailers, Developers, and investors all seem more positive about growth and making deals. n Chad Stine
B ennett W illiams R ealty I nc .
110 N. George Steet, 4th oor York, PA 17401 ph: 717-843-5555 fax:717-843-5550 www.bennettwilliams.com SERVING CENTRAL PA FOR OVER 50 YEARS
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