Retail

After 10 years of strong growth, retail development in the Southeast is entering a period of significant retrenchment. Looking ahead, malls will be challenged by shrinkage in anchors and national chain store closures. Moreover, the over-building of small shop space in grocery-anchored centers in suburban and outlying areas will result in heavy vacancies and attendant problems for both developers and owners.

Founded and managed by Michael Mitcham, an executive with over 22 years in medium and large-scale retail development and tenanting, Halter | Mitcham is a subsidiary of The Halter Companies that offers solutions for the significant challenges facing retail properties. In addition to a portfolio of high-profile assignments including Class-A malls, anchored power centers, and mixed-use projects, Michael is also one of Atlanta’s leading restaurant consultants and tenant representatives.

Halter | Mitcham’s approach to challenged retail begins by helping owners, lenders, and financial partners realize the highest and best uses for these retail assets, assisting in the repositioning or repackaging of opportunities in an effort to create demand. Demand generation can also be achieved by attracting atypical users, and the company’s experience and contacts provide unique insight into developing strategies to pursue both mainstream and alternative tenants. Halter | Mitcham then applies a fresh approach to the economic terms and structure of deals. By helping to reapportion risk, entrepreneurs can be incentivized to take space and owners can realize vital cash flow in a challenged environment.

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