GlobeSt.com: What types of shopping centers do you prefer when looking for space?

Karpas: We really look at the neighborhood. Are there the requisite number of families that fit our target? We look for a combined income of $100,000 with children under five years old. As long as they've got that magic number in a seven-mile radius, it works for us. Having said that, we build a very upscale facility, so we want to be in a shopping center that fits the image. We don't want a downscale shopping center.

We need playground space, so we can't be inline. We can't be crammed in between a Gap and a Bed Bath & Beyond. Other than the actual physical location, we tend to be an outparcel. We're not attached. It works for landlords too. We don't have to be right in the front by the street. And the economy is actually helping us a little bit because we're seeing a little less pressure competing with some of the major big-box retailers. But we're not going to beat out Kohl's for an anchor position.

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