Des Moines gets its first outlet center
Thousands of Iowans converged in Des Moines this week to register a vote for value retail.
They gathered to see Governor Kim Reynolds cut the ribbon to open the region’s first outlet center: The Outlets of Des Moines near the Prairie Meadows Casino and Racetrack in the town of Altoona. Brands at the center include ASICS, Nike Factory Store, Express Factory Store, Francesca’s, LOFT Outlet, Converse, Tommy Hilfiger, Under Armour, Vera Bradley, Levi’s, Brooks Brothers, and Le Creuset.
“New England Development had many choices when it came to where they could invest, but they chose Iowa,” Reynolds said. “The positive economic impact began a couple years ago with the construction phase, providing about 500 jobs. Another 800 jobs will be created for people hired at the center.”
Also on hand were New England Development chairman Steven Karp and president of New England Development, Douglass Karp.
New England Development owns and operates several other outlet centers, among them Asheville Outlets in Asheville, North Carolina; Clarksburg Premium Outlets in Clarksburg, Maryland; Outlets of Little Rock in Little Rock, Arkansas, and Palm Beach Outlets in West Palm Beach, Florida.
Cullinan launches kick-start program for franchise tenants
People in rural counties like yoga and gourmet burgers, too, but towns like Quincy, Illinois, don’t show up on the population density charts of many hot new franchising companies.
To remedy that situation at its Quincy Mall, Cullinan Properties has launched Franchise Forward, a program aimed at expanding the property’s dining and fitness options beyond Dairy Queen and mall-walking. Potential franchisees are being offered franchise fee reimbursement assistance, 100% construction financing, and low-risk early termination options to come to Quincy.
Cullinan Director of Marketing Anaise Berry says the program is less about signing new tenants than it is creating new experiences for customers, who drive to the mall from a 60-mile radius.
“What we really want to do is attract new concepts to Quincy, some of the names that you don’t see in Central Illinois — Orangetheory, for example,” Berry said.
Cullinan Properties will also provide new franchisees with advice from a retail leasing expert, marketing support, and construction management consulting.
Franchise Forward is a companion program to the Cullinan Kickstart Small Business Program. Sidell’s Bakery & Diner was among the first to participate in the program and launched its store at Quincy Mall in September.
Berry said Cullinan will consider extending Franchise Forward to other propertiesshould the Quincy Mall pilot prove successful.
Retail and industrial space occupied by brewing operations in Texas has nearly tripled since 2005 to 4.8 million sq. ft. due to the meteoric rise of craft beers in what once was the Lone Star (Beer) state.
The number of microbreweries grew from three to 152 in that time, according to a report from CBRE, which noted that brewpubs multiplied nearly five-fold to a total of 55.
Big brewers got into the act last year and promise to keep the phenomenon trending upward. MillerCoors acquired Dallas-Fort Worth’s Revolver Brewing and Anheuser-Busch purchased Houston-based Karbach Brewery.
Central Texas is the hub of craft brewing in the state, said CBRE. More than 187,000 barrels — the equivalent of 26 million bottles — of quality brew emanated from that region in 2016.