REAL ESTATE

Report: New retail center planned for Kalamazoo

BY Dan Berthiaume

Kalamazoo, Mich. – A $2.2 million, 23,000-sq.-ft. retail center is reportedly planned for Kalamazoo, Michigan. According to the Kalamazoo Gazette, developer Habib Mandwee plans to open the center in a downtown area next to a location where Kalamazoo Valley Community College wants to build a health-focused campus.

Tenants for the retail center include Biggby Coffee and On the Rocks Market, with room for four other retailers. Developers hope to start construction in spring 2015 with a fall 2015 completion target.

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MARKETING/SOCIAL MEDIA

Study: Grand Forks mall leads in local shoppers

BY Dan Berthiaume

San Francisco – The Grand Cities Mall in Grand Forks, North Dakota leads all U.S. shopping malls in both the presence of shoppers who live and the presence of shoppers who work within three miles. According to the new Mall Shopper Mobility Report from Streetlight Data, the Fashion Outlets of Las Vegas in Primm, Nevada, leads in the presence of shoppers living more than 25 miles away, while Southside Plaza/Circle Center in Richmond, Virginia, leads in how much more (or less) wealthy a property’s shoppers are than the nearby residents, defined as people who live within three miles.

Other insights from the report include:

• It is more likely for a mall/center to draw a shopping crowd that is wealthier than nearby residents rather than less wealthy. Thus, trade area analyses relying on drive-time polygons or proximity may often be underestimating spending potential.

• Americans go on more frequent shopping trips, often buying fewer items per trip, than ever before. At the same time, customers have become more particular, willing to travel further to access certain brands and shopping experiences.

• Today, nearly a third of the miles driven in the U.S. are for shopping.

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STORE SPACES

Ferrandino & Son hires VP operations

BY Dan Berthiaume

Farmingdale, N.Y. – Ferrandino & Son Inc., a provider of exterior maintenance, facility services, HVAC, lighting and electrical services, painting and general contracting, has hired Tom Panek as VP operations. Panek will be responsible for the day to day operations across all of Ferrandino & Son programs.

“Tom brings a background in process improvement and people development,” said Kevin Smith, COO. “As our growth is as a much a function of Best in Class Service through great processes and great people, his strengths align perfectly with the foundation that allows Ferrandino & Son to continue to be a market leader.”

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