Jun
03

Shopping Centers Anchored by Groceries Holding Up Well

By
– Wall Street Journal

The $62.1 million sale of a clutch of Midwestern shopping centers has underscored one of the truisms of recession real estate: Grocery-anchored shopping centers hold up well compared with other property types.

After all, people still need to eat. So while sales are way down at malls, luxury stores and apparel retailers, parking lots are still filling up at strip centers with grocery stores, and that’s also benefiting the neighboring merchants.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://online.wsj.com/article/SB124398425999079093.html?mod=dist_smartbrief
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    Categories : National News

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