regional shopping center

regional shopping center

In common language, a large shopping center that draws customers from outside the part of town where it is located.According to the International Council of Shopping Centers, it is one with general merchandise including a high percentage of fashion stores, with 400,000 to 800,000 square feet of space sitting on 40 to 100 acres and two or more anchor tenants taking up 50 to 70 percent of the available space. The typical market area is a radius of 5 to 15 miles, or approximately 80 to 700 square miles.

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PREP said the 654,666 square-foot regional shopping center is located at the southwest corner of 72nd Street and Highway 370 in the Omaha suburb of Papillion, Nebraska, approximately ten miles from downtown Omaha.
'We are making Greenhills truly global with the introduction of this integrated regional shopping center. We are grooming it to become the ultimate one-stop destination for all things retail, for all kinds of shoppers of different tastes,' said Architect Renee C.
Institutional Property Advisors (IPA), a division of Marcus & Millichap specializing in serving institutional and major private real estate investors, is exclusively offering for sale Greenport Commons, a 430,218 s/f regional shopping center shadow-anchored by a Walmart Supercenter and co-anchored by Kohl's and Lowe's in Hudson, New York.
Travel Business Review-April 22, 2011--Amstar Announces Opening of Regional Shopping Center in Turkey(C)2011] ENPublishing - http://www.enpublishing.co.uk
Tempe Marketplace, developed by Phoenix-based Vestar Development Co., is an open-air, regional shopping center with major tenants including Target, Best Buy, JC Penney, Harkins Theatres and Barnes & Noble Booksellers.
The company plans to invest 68 million euros for building this regional shopping center with a surface of 32,000 square meters.
The 36-year-old regional shopping center is being purchased for $187.5 million by The Macerich Company, which has managed Valley River for the past year.
The 173-acre complex will be the metro area's third regional shopping center, after Cherry Creek Shopping Center and Park Meadows Mall.
The value of a regional shopping center is primarily determined by its rental rates, and the shopping center's rental rates are attributable to the retail sales in the center.
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