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Premier Retail commercial real estate news, analysis, trends and information including shopping centers, malls, strip centers, big boxes, mixed-use, grocery, neighborhood and high-street segments deals and players.
The real estate firm is seeing strong fundamentals in the industry.
Both Dollar General and Dollar Tree are expanding this year as foot traffic and repeat visits surge.
The company recently purchased another property in the state.
It has properties outside of Georgia.
Construction costs for new retail range from $400 to $500 per square foot.
The shopping center gets 4.4 million visits annually.
Consumers are 69% of GDP, so slowing spending is a concern.
The Fourth of July and back-to-school sales brought shoppers into malls.
The improved in-person shopping experience has boosted sales and visits.
The property is 69 percent leased.