Shopping Center Business

OCT 2018

Shopping Center Business is the leading monthly business magazine for the retail real estate industry.

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FROM THE PUBLISHERS Volume 23, Issue 6 October 2018 FRANCE MEDIA, INC. Jerrold France Chairman/CEO Publisher Scott France President Michael Jacobs Chief Financial Officer Jaime Lackey Vice President/ Marketing & Digital Strategy Randall Shearin Senior Vice President/ Editorial & Operations EDITORIAL Randall Shearin Editor-in-Chief Katie Sloan Associate Editor Lynn Peisner Staff Writer Nick Topolski Graphic Designer John Nelson Contributing Writer Kristin Hiller Contributing Writer ADVERTISING SALES Scott France Co-Publisher Craig McIntosh Media Advisor Ryan Nixon Media Advisor Robin Reimold Media Advisor Barbara Sherer Media Advisor/ Classified Ad Sales INTERFACE CONFERENCE GROUP Richard Kelley Senior Vice President Eric Goldberg Conference Producer Alicia Turlington Conference Manager Heather James-Wyrick Conference Coordinator India Wright Conference & Marketing Coordinator ADMINISTRATION Teresa Hennington Office Administrator Jim Clark Advertising Traffic Vally Smith Circulation Assistant For subscriber services, including change of address, please call or write to: SHOPPING CENTER BUSINESS Customer Service Department P.O. Box 47065 Plymouth, MN 55447-0065 telephone 1-800-869-6882 E-mail: or visit our subscriber services portal at: SHOPPING CENTER BUSINESS (ISSN 1088-3339) is published monthly by France Publications, Inc., d/b/a France Media, Inc. © 2018 France Publications, Inc. Editorial and advertising offices are located at 3500 Piedmont Road, Suite 415, Atlanta, GA 30305. Telephone (404) 832-8262. Facsimile (404) 832-8260. E-mail: scb Pe- riodicals Postage paid at Atlanta, GA, and at additional mailing offices. POSTMASTER: Send address changes to SHOPPING CENTER BUSINESS, P.O. Box 47065, Plymouth, MN 55447-0065. Shopping Center Business is a registered trademark of France Publications, Inc. Subscription rates: USA 1 year, $79; 2 years $126; outside USA, 1 year $99 ($129 air mail delivery); 2 years $166 ($226 air mail delivery). Single copies are $10.00. The opinions and statements made by authors, contributors and advertisers to Shopping Center Business are not necessarily those of the editors and publishers. © 2018 France Media, Inc. To photocopy items from Shopping Center Business in quantities of 100 or less, authorization must be obtained from and a fee paid to the Copyright Clearance Center, 222 Rosewood Drive, Danvers, MA 01923, telephone (978) 750-8400. For quantities of more than 100, please contact Barbara Sherer, manager of special advertising, at (404) 832-8262. 2 • SHOPPING CENTER BUSINESS • October 2018 A tlanta has seen a vast amount of change over the past five years. The city has been a mecca for restaurant concepts, and its retail venues have helped lead the way to change across the nation. The city's top regional malls have always been popular for visitors and locals alike, and they remain attractive to retailers and new concepts. Venues like Ponce City Mar- ket, the redevelopment of a former Sears distribution center, and Krog Street Mar- ket, which converted warehouse space to food hall and restaurant space, have helped put Atlanta on the map for creative retail. The Battery, which is located just outside SunTrust Park, the new stadium for the At- lanta Braves, has also become a destination in its own right, as has Avalon, which has brought much needed innovative retail to the city's far north suburbs. As these proj- ects have enhanced the quality of life for area residents, they've also become incred- ibly popular with visitors. Along with these venues have come At- lanta's transformation into a higher densi- ty area. Mixed-use reigns supreme as the city's population grows. Most large-scale commercial projects inside the city limits now contain residential or office space if they contain retail. Now in planning or under construction are a second genera- tion of new mixed-use projects that will enhance Atlanta's retail and restaurant offerings and continue to boost the path that the city is on. These include The Works project on the city's west side; Revel, which promises to do for Gwinnett County what Avalon did for the northern suburbs; and The Interlock, a public-private venture with Georgia Tech, that will combine in- novative office space with restaurants and retail. Also underway is the re-envisioning of Colony Square. The project is becoming the anchor of the city's Midtown area, with new retail, a food hall and other offerings. For our recap on Atlanta developments, please see page 54. We also delve into At- lanta's retail investment market; that article is on page 64. The Chicago area also continues to see new development and investment sales activity. We take an in-depth look at the market this month on page 73. We feature an article this month on Hut- ton, a company you may have heard of but may not have heard much about. Karen Hutton, the Chattanooga-based compa- ny's founder, is known to be a hard work- er. She built the company from the ground up, one store at a time, to become one of the country's largest developers. The com- pany has built more than 1,000 stores and has more recently developed a number of shopping centers. Hutton's story is inspir- ing, and it goes to demonstrate the oppor- tunity that lies in retail real estate. Please see the article on page 68. We are finalizing our speaker and panel- ist line-up for Entertainment Experience Evolution 2019, to be held February 12-13 at the Beverly Wilshire in Beverly Hills. At- tendance is already running ahead of pace and we are excited to present new con- cepts and some "What works, what doesn't work" panels to our audience this year. For more information, see the ad on pages 40- 41 or visit www.interfaceconferencegroup. com/eee2019. SCB is also pleased to be a sponsor and co-producer of the Ancillary Retail Expo, to be held January 13-14 in Daytona Beach. This exciting new show is for anyone in the out of home media, tem- porary tenant and ancillary retail areas of the industry. For more information, please see the ad on pages 58-59 or visit If you are going to be at the ICSC Chica- go Deal Making, please stop by and see us at booth 1507. We will also be at the ICSC Southeast Deal Making in Atlanta; please stop by and see us at booth 727. SCB ® Growing Smarter Scott France Jerrold France

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