The popularity of property technology (prop tech) has expanded rapidly as retail owners and operators look for chances to streamline and improve their properties via data collection. However, says Sandy Sigal, president and CEO of NewMark Merrill, the hardest part
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“Retail has one very serious advantage as an asset class — it provides a lot of data. However, very few people actually look at the data,” says Sandy Sigal, president and CEO of NewMark Merrill. Historically, gathering data required landlords
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Aurora, Colo. — A joint venture between PCCP LLC and Alberta Development Partners sold 430,000 square feet of Cornerstar.
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Smyrna, Tenn. — Staples and PetSmart anchor the 450,000-square-foot Colonial TownPark Shopping Center.
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Riverside, Calif. — Dunhill Partners acquired the property from Boston-based Long Wharf Real Estate Partners.
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Millsboro, Del. — The 330,000-square-foot Peninsula Crossing is anchored by Lowe’s Home Improvement and PetSmart.
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Kansas City, Mo. — The 240,000-square-foot center is 88 percent leased to 28 tenants.
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Newark, Del., and Florence, S.C. — The two properties include Christiana Center in Newark and Commons at Magnolia in Florence.
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Fresno, Calif. — The Target-anchored Marketplace at El Paseo will open in May 2014.
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Pleasant Hill, Calif. — An account advised by UBS Global Asset Management acquired the property.
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