S HOPPING C ENTERS S POTLIGHT T OP R ETAIL D EALS “2011”
Mid Atlantic Real Estate Journal — Top Retail Deals 2011 — February 24, 2012 - March 15, 2012 — 19
www.marejournal.com
Featuring:
CBC Bennett Williams ......................................................................................................................................................................................20 Katz Properties ..................................................................................................................................................................................................24 Kay Realty ...........................................................................................................................................................................................................22 KW Commercial - The James Balliet Commercial Group ........................................................................................................................ 22,25 Marcus & Millichap - Taylor Zang .................................................................................................................................................................21 Metro Commercial.............................................................................................................................................................................................23 Remco Realty......................................................................................................................................................................................................25 RD Management ................................................................................................................................................................................................ 26-27 Silbert Realty & Management ........................................................................................................................................................................ 28 Taylor Long Properties ....................................................................................................................................................................................20 Top Retail Deals of “2011” Headlines ............................................................................................................................................................22-23
Metro Commercial Real Estate, Inc.
WP Realty, Inc.
WP REALTY, INC 940 Haverford Road, Bryn Mawr, PA 19010 TOTAL SALES OR ACQUISITIONS: $119.5mm TOTAL SQUARE FOOTAGE LEASED OR SOLD: 1,020,173 s/f
METRO COMMERCIAL REAL ESTATE, INC. 161 Washington Street, Suite 375, Conshohocken, PA 19428 TOTAL SALES OR ACQUISITIONS: 304 TOTAL SQUARE FOOTAGE LEASED OR SOLD: 4,394,654 s/f
BRIEF OVERVIEWOF 2011: We saw retailers beginning
BRIEF OVERVIEW OF 2011: With improved tenant fundamentals, and increases in both capital accessibility & leasing volume, the U.S. Commercial Real Estate market saw signs of improvement in 2011, with sales totaling $291B, a 32% increase from 2010. Many investors finished 2011 seeking quality assets in traditionally strong MSAs. We are
to return to executing their expansion plans, after the previ-
ous years were mostly spent by them focused on straighten-
ing out internal issues. In our representation of 65+ national
Steve Gartner
Bryan Weingarten
and regional retailers, we witnessed a more vibrant expansion,
especially into established, mature trade areas. Through our National Ac-
a prime example of this, with our $86.5mm acquisition of the New England Shaw’s Supermarket portfolio. This 8 property portfolio offered an enticing mix of strong market fundamentals and value-add components. SHORT STATEMENT ON 2012 OUTLOOK: In the Northeast and Mid-Atlantic regions, we anticipate that investors will continue to flock to high-quality assets, further fueling cap rate compression for core assets. While values for these core assets may be trending upward, we go into 2012 with a cautious optimism, fully aware that several global economic issues, including the Sovereign debt crisis in Europe and worldwide unemploy- ment, will continue to affect the speed of recovery in the US. ■
counts division, we also saw other markets begin to thaw. There continued
to be very scarce new-construction projects, as most transactions were
completed in existing or heavily re-imagined properties.
SHORT STATEMENT ON 2012 OUTLOOK: So far, the year is off
to a strong start, catapulting off what we began in 2011 and even prior.
More and more vacancies are being absorbed by expanding retailers, and
developers are even beginning to consider new construction again, if market
rents can support it. ■
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