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    Anatomy of a Lease: MOM’s Organic Market in Severna Park, Maryland

    MOM’s Organic Market, a Maryland-based grocery chain, signed a NNN lease for an inline unit in a neighborhood shopping center in Severna Park, a suburb about 10 miles north of Annapolis and 20 miles south of Baltimore. The MOM’s real estate team was attracted to the area’s rapidly increasing population and felt that the community was underserved in the natural foods-oriented grocery segment. MOM’s expects to open by late 2024/early 2025 in the former JOANN Fabric and Crafts space. More

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    Discount grocery concepts are expanding

    Discount grocers — much like discount department stores — are having a heyday. Even though these concepts have traditionally serviced lower-income neighborhoods, a fairly new trend in this category has been expanding into middle- and higher-income communities. As inflation woes continue to adversely affect most of the population, shoppers are more open toward catering to these grocers. More

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    AI technology springs up in grocery stores

    Look for more and more grocery stores to be utilizing special sensor-and-camera equipped technology, via artificial intelligence (AI)-enabled screens attached to the front of shopping carts. This technology makes it easier on the shopper, as items placed in a cart are automatically scanned with a running tally of the products showing up on the screen More

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    Toy brands become entertainment destinations

    Expect to continue seeing the rise of fun destination locations centered on popular toy brands this year. An example of this trend was the opening of the Radio Flyer store in the Woodfield Mall in Schaumburg, Ill., last November. From retail shops to interactive fun play experiences to theme parks, the future in family entertainment More

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    Ashley HomeStores, Big Lots and other new contacts in the Retail directory

    Aritzia Preferred Sq. Footage: 3,900-11,000 s.f. 611 Alexander St., Suite 118 Vancouver, BC V6A 1E1 Sasha Crosse, Senior Director of Real Estate Ashley HomeStores Preferred Sq. Footage: 30,000-35,000 s.f. 1 Ashley Way Arcadia, WI 54612 Sean Murphy, Senior Director of Business Development Big Lots Preferred Sq. Footage: 35,000-45,000 s.f. 4900 E. Dublin Granville Road Columbus, More

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    Anatomy of a Lease: Nordstrom Rack in Geneva, Illinois

    Nordstrom Rack signed an NNN lease for a 25,000-s.f. portion of a former 36,000-s.f. Bed Bath & Beyond inline unit that closed in early 2023. Tenancy for the remaining 11,000 s.f. has not been finalized yet. The power center space appealed to Nordstrom Rack as it is located on a major retail corridor in the More

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