Patrick @Patrick_Retail
Retail leasing/sales | Over 325+ lease/sale transactions completed | site selection | creating value for Landlords of retail assets | Tenant site selection highpoint-realestate.com Atlanta, GA Joined September 2011-
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@yumbrands Agrees to Sell @pizzahut for $2.7 Billion #retail - #QSR - qsrmagazine.com/story/yum-bran…
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Patrick retweeted
For all of you QSR nerds out there:
Retail Landlords may rejoice as the coffee wars continue with Chick-Fil-A entering the ring #coffee #QSR #NNN @ChickfilA @ChickfilANews - restaurantdive.com/news/chick-fil…
@QuikTrip to construct its first car wash outside of Texas under its The Bubble Bath Car Wash brand - it will be located at the northeast corner of McGinnis Ferry Rd and Windward Concourse at the new GA-400 interchange with McGinnis Ferry Rd #CRE #ForsythGathering #retail
@TeamHerrold They aren’t as willing to ground lease unless it’s A+ real estate (and even then GL deals are being killed by Sbux), going to make their growth aspirations fall short of expectations
@bethanyjbabcock @3NDeveloper Thank you - y’all have more patience than most for their 24 month negotiations these days
Patrick retweeted
Forever 21 will close all stores in the US, after bankruptcy filing, per CNBC
@HowardRoark90 @CoStarUS Their data is 40% accurate at best, not worth the cost @CoStarUS
@TeamHerrold What’s the average turnaround time on an estoppel for both? I’ve heard nightmares ab Sbux timing + extortion for the ask
Patrick retweeted
For retail developers, this never gets old:
Patrick retweeted
BREAKING: International Longshoremen's Association (ILA) and the United States Maritime Alliance have reached a tentative agreement on wages, to return to work on Friday, wages go up by 62%.
@ForsythCoGov - is considering lowering newly proposed "transportation" development impact fee of $16.42 PSF for commercial development vs the @forsythchamber proposing a more reasonable $2.45 PSF. Let's assume Publix wants to continue opening new stores in Forsyth County, which they probably do as evidenced by many recent Publix stores planned, under construction or openings in Forsyth in the past few years. -$16.42 PSF impact fee x 55,000 SF Publix = $903,100 -$2.45 PSF impact fee x 55,000 SF Publix = $134,750 Who do you anticipate will be absorbing the difference? The developer, Publix, or the consumer? Now replace Publix with any retailer. Higher development costs -> higher rents -> higher consumer prices. #retail appenmedia.com/forsyth/forsyt…
Red Lobster Receives Court Approval of Chapter 11 Plan; Nears Exit of Bankruptcy restaurantnewsrelease.com/red-lobster-re…
@jandreini1 Will be interesting to see if this ends up being the case for their desired real estate as they roll out the southeast in the future. Most desirable corners in the Atlanta MSA are only for lease, however I’m sure In-N-Out can pay sale numbers that may change minds
The Atlanta-MSA population increased 62,700 (1.22%) to 5.2M residents from April 2023 to April 2024 via @AtlBizChron - bizjournals.com/atlanta/news/2… Cherokee (9.65%), Forsyth (9.53%) and Henry (9.07%) counties were the top 3 biggest gainers during this period.
@MyEyeDr plans 20 new locations in 2025 and estimates 50 new store openins every year thereafter via @ICSC - #retail - icsc.com/news-and-views…
Walgreens to close significant number of US stores - the company is reviewing up to 25% of its 8,700 US stores - retaildive.com/news/walgreens… via @RetailDive #retail
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