Firm Seeking Shop Centers
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Are shoppers moving from malls back to community shopping centers?
Schurgin Development Cos., Los Angeles, thinks so and, with $60 million, is out shopping for existing, underperforming centers.
Mark Alan Fluent, manager/retail property acquisitions, says that many shoppers feel that it is getting more difficult to shop at large malls and this is driving them back to community shopping centers.
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