Greggs Property’s Post

📈 WHY MCALLEN MEANS BUSINESS: McAllen, Texas, has emerged as a powerhouse city and has been named the 'epicenter of the Rio Grande Valley', boasting impressive retail sales and a vibrant retail environment. "McAllen, Texas, stands out as a powerhouse city and the epicenter of the Rio Grande Valley, boasting impressive retail sales for 2023," said Mike Blum, partner at NIA Rio Grande Valley. The gross sales tax for the McAllen MSA was upwards of $10.6 billion. While historically reliant on Mexican shoppers, McAllen's retail sector has diversified, with a corresponding increase in foot traffic from both local residents and international shoppers. The city's retail offerings and attractive environment make it an ideal location for retailers and investors seeking to capitalize on the region's potential. The city's reputation as a premier shopping destination is attributed to several factors, including easy access from Mexico, a modern airport with convenient connections, and the renowned La Plaza Mall. MCALLEN RETAIL INSIGHTS: ✅ Population of 140,000 & a regional customer base of 10.3 million people ✅ $3 billion in gross retail sales thanks to 18 million people visiting the city every year ✅ La Plaza Mall, which is one of Simon Property's premier shopping venues, recently added a 250,000 square foot expansion that includes two new parking garages and first-to-market retailers and restaurants, such as Kendra Scott, H&M and Yard House ✅ Home to the McAllen Convention Center and state-of-the-art McAllen Performing Arts Center ✅ Located just 10 miles north of the Mexican border, allowing international visitors to flow through it via McAllen International Airport and the two international bridges managed by the city Its future growth is secured with upcoming international bridge expansions, increased warehousing and manufacturing, and the new UT Health Cancer Treatment Center, cementing its role as a thriving trade and commerce hub! sources: REDnews, City of McAllen #CityofMcallen #McAllenTX #RGV #RealEstate #CRE #RetailHub #Insights

"📢 The Range and Wilko poach Matalan’s property director to fuel store expansion 🔀🏢 The Range and Wilko owner has poached Matalan’s property director Antony Darbyshire to help accelerate its expansion plans. 💼🚀 #RetailNews #BusinessMoves #Expansion Goals. Learn more 👉 www.databoutique.com 📊🌐 #Data #RetailAnalytics" by Retail Gazette about wilko

Fort Kinnaird – Edinburgh’s leading retail park   Edinburgh’s leading retail and leisure park, Fort Kinnaird, continues to go from strength-to-strength.    Through its proactive asset management programme, it saw both footfall and retail sales increase over the last 12 months as shoppers flocked to experience its market-leading blend of retail and leisure. 160,000 sq ft of space has been recently leased via a combination of new lettings, renewals and regears, and there is a further 25,000 sq ft currently under offer. New retailers include MANGO, Holland & Barrett, Pandora, The Fragrance Shop and adidas, which opened its new ‘Pulse’ concept store on 28 June – its first in the UK. River Island upsized and opened its new store format and several other retail brands undertook store refits.  Fort Kinnaird also continued with its commitment to providing affordable space to the The Leith Collective CIC, a community interest company specialising in sustainable retail and supporting the local community, something which sits at the heart of the park’s ethos too.    There is an ongoing programme of investment confirmed to carry out upgrades to shop fronts and the public realm in the coming months and continued conversations with the most exciting local and national retail and leisure providers to ensure Fort Kinnaird stays at the front of the pack.    Sam Brown, British Land Asset Manager for Fort Kinnaird, said: “It’s been fantastic to see the success of Fort Kinnaird over the last 12 months, proving the concept of best-in-class, experience-led retail parks to drive retail sales performance and leasing demand. We’ve been working hard to drive this success and don’t plan on stopping now. Over the next six to 12 months, we have a number of exciting new opportunities due to come to fruition which we can’t wait to share with our retailers and customers alike.” Find available units at Fort Kinnaird: https://lnkd.in/euHSpRiV

WH Smith to Sell High Street Stores After 230 Years WH Smith, a staple of the British high street since 1790, has announced plans to sell its 500 high street stores due to prolonged declining sales. The company will retain its more profitable outlets in travel locations such as airports and train stations.

Can you guess what new tenant is arriving at Rio Grande Valley Premium Outlets? If you’re not ready yet, don’t worry—this tenant will certainly help you “get ready.” Think you know who it is? Drop your best guesses in the comments or DM us, and if you’re still stumped, don’t worry—you’ll find out soon enough! #RioGrandeValley #newstore #comingsoon #shopping #retail #cra #capricornretailadvisors #trending #upnext #expansion #retailstateofmind

The City of Brownwood and TABAT Properties jointly announced on Friday that five new national retail tenants will be opening in Brownwood in 2026. The new Shops on Commerce development will be located at 537 W. Commerce featuring these new retail options, and site work has already begun to make way for this new project. “This center will bring new shopping options to Brownwood including Ross, Ulta Beauty, Five Below, Bath & Body Works and James Avery,” said Brownwood Mayor Stephen Haynes. “We are thrilled to work with TABAT Properties on this project and help bring these additional retailers to Brownwood.” The Shops on Commerce retail development will include more than 41,000 square feet of new retail space, and it will represent a capital investment of around $9 million. Mayor Haynes said this will be the largest multi-tenant retail development to be built in Brownwood in several decades. The new center is scheduled to be completed in the first quarter of 2026.

The City of Brownwood and TABAT Properties LTC jointly announced on Friday that five new national retail tenants will be opening in Brownwood in 2026.

Adapt, build, evolve…

Large format retail developments in Nelson, Blenheim, Auckland, and Upper Hutt have attracted an array of prominent brands, illustrating the strength of the sector as retailers look ahead to customers having more discretionary spending power as the economy continues to recover. Leroy Wolland, National Director of Large Format Retail, provides his insights here: https://ow.ly/rnHa50Ubth5 #Retail #Property #Colliers #NewZealand