The first two tenants can determine the success of an entire shopping center.
In-N-Out and Chick-fil-A are joining Bakersfield’s new City Lights development, bringing two of the strongest traffic-driving brands in retail to a former mall redevelopment.
According to Oron Maher, when brands like these commit to a project, they’re not just opening restaurants. They’re signaling confidence in the future of the entire trade area.
Strong anchor tenants can drive foot traffic, attract additional retailers, and potentially increase the value of surrounding real estate.
Which retailer do you think has the biggest impact on surrounding property values?
Let us know in the comments.
#mahercommercialrealty
