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Daily Real Estate News  |  June 29, 2010  |   Strip Mall Developers Try Different Tenant Mixes
A changing retail marketplace is forcing developers to think differently about the mix of businesses in their retail centers.

Tenants that have successfully joined the retail mix in some areas include health clubs, children’s play areas, theaters, and medical offices.

The downside of medical, says Jeff Green of Jeff Green Partners, a retail-feasibility consultantcy in Mill Valley, Calif., is that they may not result in much cross-shopping, but they can introduce patients to alternatives for a different shopping trip.

Generally, practitioners don’t believe that such alternative tenants work in prime or anchor locations because they don’t generate enough traffic.

But Ed Wulfe, president of Wulfe & Co., a Houston-based commercial retail real estate firm, says that in this market flexibility is important because what makes a good tenant mix is in a state of flux.

Source: Houston Chronicle, David Kaplan (06/27/2010)

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