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SREG and Santa Fe Place, Making of a Place. An interview with Carmen Spinoso.

State of Brick and Mortar – Spring 2019 Report

Friday, May 24, 2019

Brick-And-Mortar Retail Isn’t Dead: Just Look At Who’s Moving Into Empty Toys “R” Us Stores

Article highlights:

  • “Previously pure-play online retailers like Casper, UNTUCKit, Bonobos, Blue Nile, Peloton and Drybar are moving into malls.”
  • Arts and crafts retailer Hobby Lobby, off-price chains Burlington Stores and T.J. Maxx, and Marshalls parent TJX are just some of the new tenants moving into former Toys “R” Us spaces.

Reference: Forbes article by Andria Cheng, Senior Contributor, Retail.

Shopify Opens Its First Brick-and-Mortar Entrepreneur Space

Shopify is the leading cloud-based, multi-channel commerce platform. Merchants can use the software to design, set up, and manage their stores across multiple sales channels, including web, mobile, social media, marketplaces, and more recent addition to Shopify’s offerings to brick-and-mortar locations, and pop-up shops.

Press Release highlights:

  • “Business owners can come to Shopify to both get advice from our knowledgeable staff, and also to connect with other members of the entrepreneurial community.”
  • “Shopify’s new space in LA is the in-person embodiment of the company’s many years of experience building a comprehensive network of Gurus, who help merchants online, via telephone, and through live chat.”

Reference: Shopify.

Wayfair’s first retail store to open in Natick Mall

Article highlights:

  • Online home goods retailer, Wayfair, will open its first brick-and-mortar store.
  • The move comes as other online retailers like Amazon move into the physical retail space, including a pop-up shop in the same mall.

Reference: WBJournal

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At Spinoso Real Estate Group, we maximize the value each property we work on through aggressive Leasing: Increasing Occupancy and Improving NOI and driving Mall Sales Performance

Every aspect of our organization, every department, and every member of our team is highly valued and critically important.

Whether a direct member of the Leasing Department, or through involvement in another functional area, as a team we contribute to exceeding our clients and partners expectations, and directly or indirectly, help to support the leasing effort. Leasing+ is an integral part of our culture and company’s DNA

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