NEW DOWNTOWN ORLANDO DEVELOPMENT – PRIME, CLASS A SPACE ON LAKE EOLA WATERFRONT

Select Strategies Realty has been retained to act as the exclusive leasing agent for retail space located at the new Cambria Hotel & Suites located at 170 East Washington Street, Orlando, FL.

Located on the only remaining parcel on the shores of Lake Eola, Cambria Hotel & Suites will be an unrivaled dining and shopping destination.  Featuring desirable lakefront views from the retail spaces, outdoor / patio seating and rooftop bar, Orlando’s newest iconic destination offers a fresh, upscale atmosphere and will provide a dynamic experience for local residents, employees and visitors.
* Located in heart of Orlando’s Central Business District with approx. 10 million SF of office towers and 175,850 employees withing 3 miles.
* Walking distance to the areas entertainment venues including: Amway Center, Doctor Phillips Performing Arts Center and Thornton Park.

**SOLD** Crunch Fitness – Florence, KY

September 29, 2017 – Select Strategies Realty announces the sale of the single tenant Houston Lakes Retail Center located at 77 Spiral Drive, Florence, KY.  Select was retained in May 2017 to act as the exclusive marketing agent for the 23,468 SF site which is currently leased to Crunch Fitness.

Bellair Plaza – NEW LISTING!!

Select Strategies Realty announces their newest retail center for lease, Bellair Plaza in Daytona Beach.

Highly visible retail space located on North Atlantic Ave. in Daytona Beach, FL with 24,000 VPD directly in front of the site.

Bellair Plaza is the only grocery (Publix)-anchored shopping center adjacent to the beach on the north side of Daytona. It is also the only fashion anchored asset adjacent to the beach with top national brands including Bealls, Marshalls and Tuesday Morning.

Bellair Plaza benefits from inflow of 9.5 million tourist visitors annually to the Volusia county area.

Large outparcel adjacent to A1A with great access and visibility – BUILD TO SUIT OR GROUND LEASE.

More information on Bellair Plaza.

 

 

NEW LISTING – Crunch Fitness – Florence, KY @ Houston Lakes

Select Strategies Realty has been retained by the Owner to act as the exclusive marketing agent in the sale of the single tenant Houston Lakes Retail Center located at 77 Spiral Drive, Florence, KY (Boone County) in the Greater Cincinnati, OH market.

The Offering – Absolute Net Single Tenant Retail Investment
Financial Overview
In-Place NOI (as of 1/1/2016): $444,703
Houston Lake Retail Center consists of a Class A retail building leased to Crunch Fitness. The
investment is shadow-anchored and contiguous to Home Depot and Kohl’s. Meijer, Best Buy and
Sears Appliance Outlet are located nearby in the same development.

CLICK HERE TO SEE LOOPNET LISTING

 

Planet Fitness coming to Five Points Mall

Select Strategies Realty recently signed Planet Fitness to an 11 year lease at Five Points Mall in Marion, IN.  The fitness center will occupy  16,688 SF between Roses and Bath and Body Works.  Following major renovations of the space, the fitness center plans to open late Summer or early Fall of 2017.  As brick and mortar retailers continue to struggle, fitness centers will be an opportunity for retail centers moving forward.

Click here to read an article posted by the Chronicle Tribune about the new Planet Fitness location.

Amazon to create $1.4B air hub at CVG

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Publish Date: January 31, 2017

Amazon.com Inc. is investing $1.39 billion at Cincinnati/Northern Kentucky International Airport to move its primary air cargo hub there.

The hub will bring 2,700 new jobs and 40 Boeing 767 aircraft to the airport as a result of $40 million in incentives approved by the state on Tuesday.

“They cited the economic vitality of the region and our ability to bring this to market quickly,” CVG CEO Candace McGraw said.

The new service will be called Amazon Prime Air and Amazon (NYSE: AMZN) will lease two parcels totaling 900 acres to house it. The land will be leased a fair market value for 50-plus years.

“They would like to get a shovel in the ground as soon as possible,” McGraw said.

McGraw said CVG will invest $5 million in infrastructure improvements for Amazon’s hub, which is similar to what it did for DHL’s operations there. She said CVG’s infrastructure can support the increase in cargo traffic along with its growing passenger numbers. McGraw said the airport’s cargo operations could actually help with the cost of operations for passenger carriers.

The Courier will continue to update this story.

Article can be found here.

Holiday spending up by 16 percent, beating forecast, ICSC reports

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Publish Date: January 05, 2017

Holiday spending rose by 16 percent over the 2015 season, beating predictions by 4 percent, according to a consumer survey conducted on behalf of ICSC Research. Consumers spent on average $711 each for gifts and other holiday-related items, up from an average of $611 each last year.

“Consumer confidence continued to improve into December, and we saw this optimism reflected in the holiday spending numbers,” said Tom McGee, ICSC’s president and CEO. “The strong holiday shopping season suggests a positive environment for retail sales overall.”

In total, consumers spent an average of $897 each on gifts plus dining, movies and other entertainment experiences in shopping centers between Nov. 1 and Christmas Day. The biggest spenders were GenX-ers, who spent an average of $1,000 each, followed by boomers ($875) and Millennials ($867).

Nearly half of total consumer expenditures (46.6 percent) took place in physical stores, and an additional 22.6 percent was spent through the online platforms of those retailers — with 12.4 percent spent on items shipped to consumers’ homes, and 10.2 percent on merchandise picked up at the store. Amazon.com received 20.6 percent of the expenditures.

In another positive omen for brick-and-mortar retail, 67 percent of adults buying online said it is important that the retailer also have a physical presence. This is particularly critical to Millennials, 77 percent of whom said it is very important or somewhat important to them, versus 68 percent for Generation X and 59 percent for boomers. Only a third of U.S. adults said they consider it unimportant whether their online purchases come from a physical retailer.

Asked which types of stores they patronized, 65 percent of respondents said they bought gifts and other holiday-related items at discount or dollar stores, 45 percent said they used traditional department stores, and 24 percent went to electronics stores.

Article can be found here.

West Volusia Towne Center adds Bath & Body Works to Retailer Lineup

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Select Strategies Realty announced Bath & Body Works signed a new 10-year lease in December 2016. Bath & Body Works joins newly leased Kay Jewelers and other key tenants including Kohl’s, Petco, Ross and Michael’s.  They will take over 3,050 SF of space located between Ross and Michael’s.
Bath & Body Works is one of the world’s leading specialty retailers and home to America’s Favorite Fragrances®. They offer a breadth of exclusive fashion fragrances for body and home, including the #1 fragrance collection in America, Japanese Cherry Blossom; the #1 selling 3-Wick Candle and the #1 selling Hand Soap collection. Additionally, Bath & Body Works has more than 150 stores in 35 other countries operating under franchise, license and wholesale arrangements.
West Volusia Towne Center is a 154,477 power center located in the commercial hub of southwest Volusia County near the under-served communities of DeBary, Deland and Deltona.