Just this week, Kroger announced it will close all its Triangle market stores. The story was on the front page of the Sunday News & Observer, and all over social media to further disrupt the grocery wars in North Carolina. Is this altogether a bad move? In our honest opinion, NO. Once Kroger bought Harris Teeter in 2016, they never really made in-roads into growing the Kroger brand market share. It makes sense to concentrate on the “homegrown” Harris Teeter model, invest the money and resources there, and close down Kroger stores throughout the Triangle.
Tenant representation, sometimes called occupier representation, is a core service provided by commercial real estate brokers and firms. Professional tenant representatives work closely with commercial real estate tenants to provide industry expertise, local market knowledge, and predictive intelligence to position each business for success.
“An expert tenant representative knows that space and location can make or break a business,” said CPDG Principal Beverly Keith, CCIM. “It is our job to work closely with tenants to provide industry expertise, local market knowledge, and predictive intelligence to position each business for success.”