Tenant Representation: Pure vs. Mixed
During the past ten years, corporate real estate departments have downsized. The deal process has become more complex. With limited staff, time constraints, rapidly changing technology, and limited knowledge of various geographic areas all of the suitable and available properties cannot be thoroughly investigated and vetted. The answer to this problem for corporations and their […]
The Regional Spotlight – Carlisle
From a bird’s eye view, the tree-lined downtown, brick and cobblestone sidewalks and side streets – as well as the impeccably maintained store-fronts – in the Borough of Carlisle could be a scene from the movie “Pleasantville.” The picturesque seat of Cumberland County, the fastest growing county in the state, is just a hop, skip […]
The Effects of Retail Bricks and Mortar Closures
In the last 12 months, and specifically the last three months, we have read about or noticed many south central Pennsylvania store closings. Unfortunately, it is also a nationally occurring trend. Closure Reasons Ted Pfeifer, retail expert with Landmark Commercial Realty, believes there are several reasons why this is happening. They include: Overstocked retail on […]
Why are Enclosed Shopping Malls Disappearing?
Enclosed malls, especially in secondary and tertiary markets, are concepts that are becoming functionally and economically obsolete. This has been increasingly so in the last few years, but is expected more this year and in future years to come. Why? There are several reasons why this trend is on the rise, but among the major […]
The Regional Spotlight – York County
One of York County’s greatest assets is its location less than an hour from Baltimore and Harrisburg and mid-way from Philadelphia and Washington, DC. Many residents commute to careers in metropolitan areas while enjoying York County’s lower cost of living. Location is also providing the key to York County’s steady resurgence. Like many areas previously […]
The Regional Spotlight – Lebanon
Though smaller than the nearby cities of Lancaster and Harrisburg, the city of Lebanon, with a population over 25,000, has many of the same benefits of an urban center but with the advantage of being surrounded by farms, open spaces for development, and conservation lands for recreation. As the county seat, Lebanon is host to […]
National Retailer Auto Zone, expands with Manheim location
HARRISBURG, PA (May 17, 2017) – Ted Pfeifer, Vice President-Retail at Landmark Commercial Realty, Inc. has announced that construction for the newest Auto Zone is currently underway. Their newest location will be at 90 Doe Run Road in Manheim, across from Weis Market. Ted Pfeifer had represented AutoZone in the acquisition of several properties in […]
Closure of the Big Boxes and the Effect on Traditional Retailing
In the last two months, several public announcements have been made on the imminent or recent closing of many large and small bricks and mortar retailers. Nationally, among the retailers closing stores are: JC Penney- 138 Macy’s- 68 Sears/K-Mart– 150 HH Gregg- 60 Abercrombie and Fitch- 60 Guess- 60 Crocs – 160 The Limited- 250 […]
The Regional Spotlight – Lancaster
Lancaster’s retail market is preparing for significant changes as big competitors begin moving into one of the most developed local shopping areas. Many well-known and highly anticipated businesses such as Wegman’s, Whole Foods, Target, and more to come, are igniting a fury of retail development near Route 30 and the popular Park City Mall. This […]
Retailing and Fly-Fishing: They really are quite similar
A few years ago while visiting Maine, I wanted to spend the day doing something I love, fly-fishing. I knew a lot about fly-fishing and trout, but I didn’t know Maine. So I asked the owner of a local sports shop where he suggested I go and which flies to use. I knew going to […]