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Promenade Shops sold to national investor

Promenade Shops sold to national investor

In a hushed real estate deal, an Illinois-based investment group purchased the high-end and successful Promenade Shops at Briargate in August for more than $96 million. “I have been thinking on and off for five years about this particular asset,” said Andrew Miller, president and CEO of Miller Capital Advisory Inc., which co-owns Skokie, Ill.-based… Continue Reading Promenade Shops sold to national investor

Promenade Shops to welcome three new vendors

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The Promenade Shops at Briargate will be welcoming three new vendors in coming months, according to a recent news release. Representatives from the shopping center have announced that quality clothiers J. Crew and Pendleton Woolen Mills, and high-tech boutique Brookstone, will be opening up shop at the complex within the next few months. Brookstone  has… Continue Reading Promenade Shops to welcome three new vendors

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The city’s traditional shopping malls are facing challenges filling retail space. Anchor tenants are leaving, and vacancies are high. Yet mall managers are trying to put a good face on the matter and insist their vacancy problems are only temporary. The city’s two traditional, shopping malls, The Citadel and Chapel Hills malls, won’t offer statistics… Continue Reading Springs’ shopping malls battling vacancy rates

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