The top factors driving retail development are population, income, buying power, location, traffic and infrastructure, said David Watson, managing principal of Dallas-based Direct Development. All of these factors have come into play with the development of Five Hills retail center, which is being built out to 127 acres in the Killeen, Texas, area. Another factor was the favorable tax treatment and overall cooperation provided by local officials.
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Glimcher Realty Trust has refinanced its Scottsdale Quarter property in Scottsdale, Ariz., with a $130 million term loan. It also has closed on the acquisition of the outdoor retail center One Nineteen in Leawood, Kan., for $67.5 million.