Al Green Sings Retailers’ Theme Song
Imagine your favorite retail broker right now singing with Al: Let’s stay together. NGKF’s Eddie Goldmeier tells us that while vacancy is shrinking and retailers have a bit more of a challenge to find good spots, they’re not looking for new frontiers yet. Their preference is to be next to an anchor tenant (more so than finding a boffo new part of town). He cites Canton Crossing’s success and says he has a few clients interested in Foundry Row even though it’s still 18 to 24 months out.
Eddie’s also working with the owners of Northwood Plaza to renovate, motivated by Morgan State University’s 400k SF expansion. The three new buildings erased the gap between the shopping center and the school, so they’re now officially next door neighbors.