Our team has assisted some of the most well-known retailers in the United States with their real estate needs around the Southeast. We love what we do.
Bill Clements, CCIM & Brooks Corr, CCIM founded The Retail Companies to generously share their time, talents, and passion for retail real estate with others.
Whether it's treating our partners like friends, or serving our communities, we believe we are called to serve you as best as possible. See how we have helped our clients.
FOR LEASE | Endcap available in Creekside South shopping center in Oxford. Excellent visibility from HWY 78 in one of the city’s most active retail corridors.
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#retail #CRE #commercialrealestate #realestate #development #shopping #leasing
Oct 8
FOR LEASE | Endcap available in Creekside South shopping center in Oxford. Excellent visibility from HWY 78 in one of the city’s most active retail corridors.
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#retail #CRE #commercialrealestate #realestate #development #shopping #leasing
Pickleball, a lease buyout, and a $9.2M shopping center sale... the CRE trifecta!
In a market with no box vacancy, high construction costs, and limited land for development, it’s more important than ever for retailers to get creative. That was the case in Vestavia Hills, AL, with Picklr - a fast-growing pickleball entertainment and retail brand.
Picklr identified the closed, 28,000 square-foot former Sprouts box our team was marketing for sublease (Sprouts was still paying rent), but the sublease terms didn’t align with their vision.
The solution? It’s all about control: if Picklr controlled the whole property, then they could control the lease buyout process with Sprouts, gain control of the box, and therefore control their own lease terms for a long-term investment.
And that`s what happened. Picklr, along with their preferred developer, worked with our team at @theretailcompanies to negotiate and coordinate a lease buyout between Sprouts contingent upon them acquiring the entire fully-leased, 33,400 square-foot shopping center. The Picklr team purchased the fully-leased property for $9.2M. At closing the contingent lease buyout took effect, and Picklr was in the driver`s seat having gained control of the property they desired. Picklr is now on track to serve up their first store in the Birmingham MSA.
This property drew strong interest across the board due to its prime location on the high-traffic U.S. Highway 31 corridor. The sale not only reflects the property’s value but also highlights the strategic moves made by the buyer to secure long-term control of the site. This was a deal showcasing both creative deal-making and the high demand for premium retail space in a tight market.
A golf clap to Bill Clements, CCIM, as he was a master in getting this one done for TRC!
Oct 4
Pickleball, a lease buyout, and a $9.2M shopping center sale... the CRE trifecta!
In a market with no box vacancy, high construction costs, and limited land for development, it’s more important than ever for retailers to get creative. That was the case in Vestavia Hills, AL, with Picklr - a fast-growing pickleball entertainment and retail brand.
Picklr identified the closed, 28,000 square-foot former Sprouts box our team was marketing for sublease (Sprouts was still paying rent), but the sublease terms didn’t align with their vision.
The solution? It’s all about control: if Picklr controlled the whole property, then they could control the lease buyout process with Sprouts, gain control of the box, and therefore control their own lease terms for a long-term investment.
And that`s what happened. Picklr, along with their preferred developer, worked with our team at @theretailcompanies to negotiate and coordinate a lease buyout between Sprouts contingent upon them acquiring the entire fully-leased, 33,400 square-foot shopping center. The Picklr team purchased the fully-leased property for $9.2M. At closing the contingent lease buyout took effect, and Picklr was in the driver`s seat having gained control of the property they desired. Picklr is now on track to serve up their first store in the Birmingham MSA.
This property drew strong interest across the board due to its prime location on the high-traffic U.S. Highway 31 corridor. The sale not only reflects the property’s value but also highlights the strategic moves made by the buyer to secure long-term control of the site. This was a deal showcasing both creative deal-making and the high demand for premium retail space in a tight market.
A golf clap to Bill Clements, CCIM, as he was a master in getting this one done for TRC!
FOR SALE | Rare downtown industrial ownership opportunity. Conveniently located on Airport Hwy just 1.3 miles from Hwy 280/31. Multiple access points with ample parking, pylon sign, and Apt Hwy frontage.
#retail #CRE #commercialrealestate #industrialrealestate #development
Oct 1
FOR SALE | Rare downtown industrial ownership opportunity. Conveniently located on Airport Hwy just 1.3 miles from Hwy 280/31. Multiple access points with ample parking, pylon sign, and Apt Hwy frontage.
#retail #CRE #commercialrealestate #industrialrealestate #development
CLOSED! There were a few twists and turns along the way, but through the meticulous navigation of the leases in place, subleases, lease buyouts, terminations, and maintenance responsibilities, we found the right investor and closed this deal at 100% of the listing price on an off-market deal.
Sep 26
CLOSED! There were a few twists and turns along the way, but through the meticulous navigation of the leases in place, subleases, lease buyouts, terminations, and maintenance responsibilities, we found the right investor and closed this deal at 100% of the listing price on an off-market deal.
FOR LEASE | Trussville Entertainment District
Join Umami and Hattie’s Toyland. Additional spaces available.
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#retail #CRE #commercialrealestate #realestate #development #shopping #leasing
Sep 24
FOR LEASE | Trussville Entertainment District
Join Umami and Hattie’s Toyland. Additional spaces available.
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#retail #CRE #commercialrealestate #realestate #development #shopping #leasing
