BOOK REVIEW: Developing and Acquiring a Neighborhood Shopping Center by Doug Bercu
This Short Book Is Packed With Just About Everything You Need To Know To Develop A Shopping Center!
I read (or listen to audiobooks) a lot of books. Between 50 and 70 per year. While browsing through Amazon to see if there was any in new books on shopping centers (design, investment or development), I was pleasantly surprised to find Developing and Acquiring a Neighborhood Shopping Center by Doug Bercu. I know Doug through his longtime partner Mike Timmons whom I had the pleasure of working with at National Property Analysts, Inc. in the 1980s.
Doug knows the subject of shopping center development and leasing through his years of practice and experience. This is an excellent little book that gives you the basics of shopping center development from a true expert in his field. I am certainly biased because Doug is an old school “Leasing Dog” who knows what it takes to do deals with both national and local tenants. He also understands that everything in shopping centers is driven by tenants – without tenants you don’t have income. He also explains how leases with anchor tenants drive the shopping center development size and design.
Doug’s introduction alone is worth the price of the whole book. If you are just getting into shopping center development or want to get into the shopping center business, I highly recommend the section entitled “The Most Important Words In This Book“.
He also gives you site plan layouts, proformas, shopping center designs and even leasing signs. He also explains the roles of the pivotal players involved with your development from anchor tenants, small shop tenants, civil engineers, contractors, lenders and local government officials.
I especially like his short case studies towards the end of the book. This book is for anyone looking to learn more about shopping center development or the shopping center investment business and retail real estate. It is also a great resource for shopping center leasing or if you have a piece of land that might be a great opportunity for retail real estate. It was an excellent refresher for me on the ground up shopping center development process and his case study on a small shopping center redevelopment is also fantastic.
I highly recommend this book!
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About the Author: Michael J. Flight
Let your investment dreams take flight with the expert help of Michael Flight, principal investor at Concordia Realty.
Michael has worked for more than 28 years and handled more than $500 million worth of real estate transactions on behalf of his clients at Concordia Realty. Michael began his business in the realm of retail real estate, with Concordia Realty now handling third-party property and asset management services for a variety of commercial real estate investments.
He also specializes in revitalizing distressed investments for partners, adding value for clients … including banks, insurance companies, and hedge funds. Michael has consulted for some of the top investment and development companies in the world … and now his knowledge is available to YOU.
Are you searching for someone who can maximize the full potential of your property? Not only do Michael and his team at Concordia specialize in intensive hands-on property management, but they also bring the right relationships with attorneys, consultants, and contractors to the table.
With extensive experience in development, leasing, sales, property management, and innovative financing techniques, Michael and his trained team have the ability to make your property into the cash cow you know it can be.