Many landlords are looking for help with their theater properties. The Cinema Bridge’s Chuck Stilley offers advice on how shopping center owners and theatre operators can work together. Interview by Randall Shearin: Movie theatre box office sales in 2025 were on pace with 2024, but since the pandemic they have been about two-thirds of the industry’s volume. From 2015 to 2019, the motion picture exhibition industry averaged over $11 billion in annual box office sales. Since 2022, that number has settled to around $8 billion, according to anaylsis of data …
Retail real estate has always evolved alongside consumer behavior. Department stores once anchored malls. Big-box retailers reshaped power centers. Restaurants and lifestyle tenants followed as developers began focusing on creating environments rather than simply leasing space. Today the industry is entering another transformation — one driven not by retail, but by experience. Across the country, shopping center owners, landlords, investors, and developers and cities are searching for tenants that do more than sell products. They want concepts that generate unique visits, consistent traffic, extend dwell time, and turn properties into …
In a market shaped by limited new supply, retailers are expanding strategically, backfilling spaces quickly and adapting to consumer preferences. Today, there’s a multitude of factors shaping the retail leasing market. Smaller footprints, the influence of technology, changing lifestyles of younger generations, limited new supply and backfilling closures are just some of the most prominent storylines. As of the first quarter, the national retail vacancy rate held stable at 4.4 percent, up 10 basis points from the prior quarter, according to Colliers, which covers malls, shopping centers and general retail …
Sandwiched between several major markets, New Jersey has its intricacies. Its demographic and economic drivers make it a market worth the effort for many retailers and landlords. Much like the two major cities that border its northern and southern ends, New Jersey is, for retailers, restaurant groups and entertainment operators that are serious about establishing and growing national footprints, a market that checks every key box. Yet for all the similarities between the Manhattan or Center City Philadelphia retail markets that apply to New Jersey as well — tight availability …
Falls Church, Va. — JLL Capital Markets has arranged the $58 million sale of Barcroft Plaza, a 113,173-square-foot shopping center located in Falls Church, roughly 10 miles west of Washington, D.C. Jordan Lex and Danny Naughton of JLL represented the seller, Federal Realty Investment Trust, in the transaction. Chris Knight and Evan Parker, also of JLL, secured the five-year, $35.9 million acquisition loan through Bank of America on behalf of the buyer, 11North Partners. Harris Teeter anchors Barcroft Plaza, which spans nearly 10 acres. Other tenants at the property include …
Lima, Ohio — Eastern Union has arranged $12.9 million in refinancing for the acquisition of Lima Center, a 174,078-square-foot shopping center located in Lima. Jack Beida, Michael Muller and Mike Orlik of Eastern Union secured a seven-year, fixed-rate loan through an undisclosed lender on behalf of the buyer, an entity doing business as Lima Tov LLC. The purchase price was $19.5 million. Lima Center houses 10 retail tenants and is anchored by an 86,584-square-foot Kohl’s and a 30,000-square-foot T.J. Maxx. Other retailers at the property, which was fully leased at …
Newport, Ky. — Newmark has brokered the sale of Newport Pavilion, a 332,309-square-foot power center in Newport, which is situated across the Ohio River from downtown Cincinnati. Newport Pavilion is co-anchored by Kroger and Target and was fully leased at the time of sale to tenants including Dick’s Sporting Goods, T.J. Maxx, Michael’s, Ulta Beauty, Chipotle Mexican Grill and PetSmart. The property sits on 55 acres and benefits from a long-term PILOT agreement through 2037. Conor Lalor, Kyle Minter, Keely Polczynski, James Sharp V and Brian Schneiderman of Newmark represented …
Clovis, Calif. — Hanley Investment Group Real Estate Advisors has negotiated the $5 million sale of a 2,047-square-foot, single-tenant retail property located in Clovis, roughly eight miles west of Fresno. A 7-Eleven convenience store and fuel station occupies the property, which was originally built in 1991 and renovated in 2019. Jacob Fahner and Jeremy McChesney represented the seller, a Los Angeles–based private investor, in the transaction. Jeffrey Leggio of ASU Commercial represented the buyer, a Bakersfield, California-based 1031 exchange investor.
Las Vegas — Marcus & Millichap has brokered the sale of a 35,998-square-foot, two-tenant retail property located in Las Vegas. Built in 1977, the former OfficeMax building is now occupied by luxury consignment store The Purple Chandelier and Bodega Furniture. Candace Bare of Marcus & Millichap represented the buyer, Merra Cordier, a local entrepreneur and owner of The Purple Chandelier. Merra Cordier purchased the property from an ownership group that included former Nevada Lt. Gov. Lorraine Hunt Bono.
SCB Publisher Jerry France reflects on his 60-plus years in the industry, and the launch of Shopping Center Business, in conversation with the magazine’s editor. Interview by Randall Shearin: In celebration of Shopping Center Business’s 30th anniversary, I sat down with Jerry France, the publisher of the magazine and chairman and CEO of our parent company, France Media. Since Jerry has been my boss for the past 30 years, I have heard — and lived through — many of his stories and wanted to take the opportunity to get some …