Monthly Archives: April 2012

Filling the Empty Boxes

Conversations with Target, Costco, Sports Authority, Forever 21 and Bob Michaels

By: Tommy Miller, President

One of the greatest challenges facing the regional mall business is the remerchandising of vacant or underutilized Anchor spaces. This is not a new issue in the industry. The consolidation of the department store business in the 80s and 90s left vacant boxes scattered across the country with many still empty today. The situation is arguably more acute now given the impact of internet shopping (now accounting for 8% of total retail sales) and changing consumer patterns, the proliferation of lifestyle and now outlet centers in once safe trade areas and a challenging operating environment for Sears and other Department Store chains.

Where will the new anchors come from?

Click the link below to finish reading the article. Let us know what you think!

Conversations with Target, Costco, Sports Authority, Forever 21 and Bob Michaels

Trademark Acquires Staples Center


Fremon Baker
Senior VP – Leasing

FORT WORTH, TX (April 11, 2012) – Trademark Property Co. announced the purchase of two retail centers, Staples Center and Mt.Vernon Center, located directly across from its La Palmera Mall in Corpus Christi, TX. The combined centers to be known as “The Shops at La Palmera,” will undergo a major renovation and total 200,000 sq. ft.

Trademark’s JV partner on the acquisition is Institutional Mall Investors LLC, its partner on LaPalmera.

“Because of the great success of La Palmera, there is increased demand for retail space in Corpus Christi,” said Trademark CEO Terry Montesi. “The renovation of this property will allow us to better accommodate quality users wanting a presence in this market. “

The new design of the property will complement La Palmera, which underwent a $50 million renovation from 2009-2010. Trademark will lease and manage the new center.

White House/Black Market and Soma Intimates Sign at La Palmera


Steve Bolger
Senior Leasing Representative

La Palmera is excited to announce the signing of White House/Black Market and Soma Intimates.

White House/Black Market designs must-wear apparel, accessories and footwear with a beauty apparent in every detail. Estimated opening date of mid-July 2012.

Soma Intimates provides women with sensual, comfortable, and above all, perfect-fitting intimate apparel, sleepwear, yoga wear, and active wear, all designed to suit every lifestyle. Estimated opening date of mid-July 2012.