6A — October 26 - November 8, 2018 — M id A tlantic
Real Estate Journal
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R E T A I L
Features retail facilities management & key trends PRSM Assoc. releases 2019 Retail Facilities Trends report
RETAIL BROKERAGE. REDEFINED .
ASSET & PROPERTY MANAGEMENT Bennett Williams provides unparalleled commercial property and asset management service in the Central Pennsylvania region with two Certified Property Managers and an accounting and administrative staff with a combined experience of over 90 years. We have a proven track record of reducing expenses, adding value, maximizing profits, increasing tenant satisfaction and retention.
he Professional Retail Store Maintenance As- sociation (PRSM), the
new strategies and tactics to succeed. “The retail industry is evolv- ing rapidly, and it is impor- tant retail facility executives understand the trends driv- ing this evolution,” said Bill Yanek , PRSM CEO. “These trends provide great opportunities for today’s retail facilities management profes- sionals to demonstrate their expertise and help their com- panies and the industry ex- ceed customer expectations.” A breakdown of the major trends includes: Mixed-use and Experiential: A silent renaissance is occur- ring with experiential stores and mixed-use developments leading the way. Physical stores must provide experi- ences to attract shoppers and shopping centers must become the center of the community. The Rise of Restaurant Re- tail: Retailers are turning to food to provide something extra, and they are creating
cross-promotional partner- ships to provide culinary ex- periences. There’s a New Doc-in-the- Big-Box: Doctor’s offices, medical centers, pharmacies and other healthcare busi- nesses are opening in shop- ping centers and in retail stores. Eighty-nine percent of enclosed malls now offer some type of healthcare service. Retail Batteries – Now In- cluded: Today, retailers can employ chemical, and refrig- erated battery storage to cut energy costs, achieve sustain- ability goals and generate revenue. In retail energy management today – batteries are included. Blockchain in Retail Facili- ties Management: Technology is a driving force in retail fa- cilities management and block- chain has the power to revolu- tionize contract management, work order processing and tracking, payment processing and facility transparency.
authority on retail, multi- site facilities management released its annual re- view of the state of re- tail facilities management
York: 3528 Concord Rd. | York, PA 17402 Lancaster: 150 Farmington Lane, Suite 201 | Lancaster, PA 17601 Exton: 1 E. Uwchlan Ave., Suite 409 | Exton, PA 19341
and key trends impacting the nation’s leading retailers and suppliers. The industry-leading re- port identifies five major trends driving the facili- ties management industry. They include the growth of mixed-use retail, batteries in energy management, the increased number of restau- rants and medical services in retail spaces, and blockchain technology. These trends are driving change across the industry and will require facilities executives adapt
RIPCO’s Ripka and Schuster represent Related Companies in securing 80,000 s/f RETAIL Gateway Center at Bronx Terminal Market Bronx, NY 81,300 SF Available for Lease
F O R L I S T I N G S , A D & E D I T O R I A L R E Q U I R E M E N T S P L E A S E C O N T A C T K B R U N E T@M A R E J O U R N A L . C O M O R Y O U R A C C O U N T R E P LENDERS DIRECTORY
NEWYORK, NY — RIPCO Real Estate (RIPCO) and Related Companies (Re-
lated) an- nounced that Food Bazaar Sup e rma r - ke t s i gned a n 8 0 , 0 0 0 s/f lease at Bronx Termi- nal Market. D e v e l o p e d by Re lated Compan i es i n 2 0 0 9 , Bronx Ter- minal Mar- ket is home to a variety of restaurant and r e t a i l tenants, and
Comments • 900,000 sf Regional Shopping Center • Direct access from Exit 4, 5 and 6 from the Major Deegan Expressway. It is in walking distance to 3 different subway stops • The nearby bridges to Upper Manhattan are Toll Free • This Center is located ½ mile from Yankee Stadium • 2,600 parking spaces in a 6-level parking structure, flanked by two retail building structures Bronx Terminal Market
a tenant roster that includes Marshalls, Target, Home De- pot, Bed Bath & Beyond, Mi- chaels, Best Buy, Burlington, and Chuck E. Cheese, among other national retailers. The family owned and operated supermarket is prominent in the Tri-State region, and is home to 16 locations across Brooklyn, Queens and the Bronx, not to mention nine other locations in New Jersey, Connecticut, Long Island, and Westchester. “There were a variety of reasons to locate at Bronx Terminal Market, including the fact that the complex is located in a densely populated trade area, features excellent parking and mass transporta- tion options, and presented us with the unique opportunity to have the largest supermarket in the Bronx,” said Spencer Size Available 81,300 SF Co-Tenants BJ’s Wholesale Club, The Home Depot, Target, Bed, Bath & Beyond, Best Buy, Marshalls, Raymour & Flanigan, Burlington Coat Factory, Michaels, Chuck E. Cheese’s, Game Stop, GNC, Applebee’s Brian Schuster firstname.lastname@example.org 516.933.8880 Peter Ripka email@example.com 212.750.6565 Contact our exclusive agents:
An, president at Food Bazaar. “In today's day and age of retail, having your project service day to day needs of the local community will bring traffic to your development and that is exactly what Food Bazaar will do for Bronx Ter- minal Market,” said Avi Kol- lenscher , senior vice presi- dent at Related Companies. “Bronx Terminal Market has a diverse and powerful group of retailers, so with this space, we wanted to tar- get someone who would be additive to the existing mix. We knew a well-known and respected brand like Food Bazaar would align well with our current tenants and get the community excited,” said Brian Schuster RIPCO Real Estate, who along with Peter Ripka represented Related in the transaction. Demographics 2017 Estimates 1Mile 2Miles 3Miles Population 208,416 748,325 1,247,070 Households 81,765 272,854 462,592 Median Household Income $38,578 $38,833 $46,396 Daytime Population 52,526 198,478 340,726
Food Bazaar – which will be the largest supermarket in the borough when complete – will add a full-service supermarket to the complex when open in the spring of 2019. Boasting one million s/f of retail space, Bronx Terminal Market offers visitors and residents a convenient and thriving shopping destination. The complex is located at 601 Exterior St., off Exit 4/5 of the Major Deegan Expressway and just south of Yankee Sta- dium. Food Bazaar will join
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