Amidst this unprecedented time when shopping centers across the country are closed due to COVID-19, we are adapting, leading the charge to keep our shopping centers on target to achieve success upon reopening.
RALEIGH, N.C. (PRWEB) April 28, 2020
Pacific Retail Capital Partners (PRCP) announced that effective today, it has been hired to take over the management and leasing of the popular 1.3 million-square-foot Crabtree Valley Mall.
In the midst of a national health pandemic that caused shopping centers to shut down all over the country, Pacific Retail Capital Partners has well prepared and helped its clients, like Crabtree Valley Mall, to not only endure but also to thrive.
“Amidst this unprecedented time when shopping centers across the country are closed due to COVID-19, we are adapting, leading the charge to keep our shopping centers on target to achieve success upon reopening. We are well prepared to serve as a resource for Crabtree Valley Mall tenants and the local community,” says Najla Kayyem, senior vice president of marketing for Pacific Retail Capital Partners. “We are thrilled to bring our deep expertise to the Raleigh market to further the successful history that Crabtree Valley Mall has seen.”
Crabtree Valley Mall is one of the premier shopping destinations not only in Raleigh but also in the Southeast. With 1,343,109 square feet of premium retail space among two stories, Crabtree Valley Mall is home to nearly 200 stores and dozens of restaurants. Anchored by Belk and Macy’s, the center is also home to H&M (the first in North Carolina), Forever 21, Arhaus, North Face, Sephora, Apple Store, Disney Store and many more. Dining favorites include Seasons 52, Flemings, Kanki Japanese House of Steaks & Sushi, P.F. Chang's China Bistro, The Cheesecake Factory, Chick-Fil-A, Panera Bread and others.
In addition to food and shopping, Crabtree Valley Mall also hosts various events throughout the year to engage its visitors and the local Triangle community alike.
Pacific Retail Capital Partners is nationally known as a leader in reinventing and revamping the traditional shopping center experience. With more than $2 billion in retail assets presently under management in the U.S., the company excels in identifying centers with strong fundamentals in well-performing markets and transforming them into higher quality assets through active management and redevelopment. Pacific Retail Capital Partners targets regional centers in or near major metropolitan regions, with a specific focus on regional and open-air lifestyle centers that have lost touch with the surrounding community.
“We look forward to building relationships with each tenant and to share our post-COVID-19 plan to upgrade the shopping experience and activations,” said Gary Karl, chief operating officer of Pacific Retail Capital Partners. “As part of our plan, we have engaged The Malley Co., a national leader in retail leasing, to join the team and lead leasing efforts for Crabtree Valley Mall. We will apply our experience and will work with our leasing partner to improve on the property’s retail and restaurant mix to ensure the center best serves the local market.”
The center opened its doors more than 40 years ago in 1972 and is located on Glenwood Avenue, just off the I-440 Inner Beltline in Raleigh.
For more information about Crabtree Valley Mall, please visit http://www.shopcrabtree.com .
About Pacific Retail Capital Partners
Pacific Retail Capital Partners (PRCP) is one of the nation’s premier retail operating groups of large open-air centers and enclosed malls, with more than $2 billion in retail assets presently under management in the United States. Based in Southern California, PRCP provides end-to-end sourcing, assessment, underwriting, valuing, developing, marketing, and asset management of consumer real estate with a proven track record of repositioning retail properties. PRCP strategically manages over 12 million square feet of regional malls and open-air lifestyle centers. The Executive team has over 150 years of collective real estate expertise with deep experience in leasing, marketing, operations, design, development, investment, and finance. With a keen focus on enhancing the value and quality of its growing portfolio, PRCP is dedicated to creating a unique, strategic vision for each property and exceeding the highest expectations of retail investors, retailers, and consumers. To learn more visit pacificretail.com or follow social media at: Facebook: https://www.facebook.com/pacificretailcapitalpartners/
About Crabtree Valley Mall
Crabtree Valley Mall has been offering the top trends in fashion and food, while sharing a sense of community since 1973. Crabtree Valley Mall, which welcomes 10 million visitors annually, is the largest super-regional shopping center in the Southeast corridor. Well-positioned along Raleigh’s major highways as well as within the Raleigh-Durham submarket, the center attracts area families, office workers and tourists alike. With nearly 200 stores, dozens of fine dining and fast casual restaurants, and three well-known anchors, shoppers enjoy the vast array of popular national retailers, digitally native brands and local favorites. Popular shopping destinations include Apple, H&M, Disney Store, LUSH, Arhaus, Best Buy, North Face, Pottery Barn, William & Sonoma, Sephora, and Tuft & Needle. With dining options to suit every taste, Crabtree makes it easy and convenient to enjoy many of Raleigh’s favorite restaurants and eateries, including The Cheesecake Factory, P.F. Chang's China Bistro, Uncle Julio’s, Fleming’s, Red Monkey Latin Fusion Kitchen, Chick-Fil-A, and Panera. The shopping center is embedded into the thread of the Triangle community by hosting annual events and community-driven experiences, including family-friendly holiday photos, celebrity appearances and more. To learn more visit http://www.shopcrabtree.com or follow Instagram + Facebook: @shopcrabtree