3rd Quarter 2012 marked the best quarter in Strategic Retail Group company history – roughly 21 quarters worth of scalable data dating back to 2007. Not only was transactional volume, defined as number of deals executed, at its highest level, but also aggregate square footage leased was at its highest level. Tenant incentives are slowly going away, temporary deals are decreasing, and company tenant clients like Massage Envy, Einstein’s Bagels, Drybar, Sportsman’s Warehouse, Barro’s Pizza, Alliance Urgent Care and Party City are active and executing transactions for new locations in the Phoenix Metro area.
All of the fundamentals, including increased retail sales and improving holiday sales expectations, are pointing towards a comeback that will dramatically help shopping center owners valley wide. Continue reading