Sembler 2016 Year in Review
Strong Grocery Market, Increased Ground-up Development Propel Sembler to Another GrowthYear
The Sembler Company recorded solid growth in 2016 across all areas of its business including ground-up development, build-to-suit and outparcel sales, property management and leasing, and sales and acquisitions. Follow along to see the Sembler 2016 Year in Review.
Sembler has approximately 530,000 square feet under development across the Southeast with strong growth in the grocery-anchored sector accounting for the majority of development.
Chief Executive Officer Ron Wheeler notes that even in an era in which online retailing is expanding, grocery shoppers still prefer the ‘in-store experience’. “The vast majority of shoppers in the U.S. buy their groceries in stores. The shops surrounding these stores are heavily trending to tenants who provide an experience you can’t get online. The majority of this space is increasingly concentrated in the health and wellness, beauty, and fitness areas, with restaurants also being in strong demand.”
Projects under active development include:
Shoppes at Trinity Lakes – Pasco County, FL
Location: State Road 54 & Trinity Blvd & Community Drive
Project Size: 62,000 SF
West Villages Town Center – Sarasota County, FL
Location: US Hwy 41and West Villages Parkway
Project Size: 80,000 SF
Bradford Creek – Huntsville, AL
Location: US Hwy 72 & County Line Rd
Project Size: 145,000 SF
Midtown Marketplace
Location: Wall Triana Hwy & Browns Ferry Rd
Project Size: 114,000 SF
Amberly Place – Cary, NC
Location: Green Level Church Rd & Carpenter Fire Station Rd
Project Size: 72,000 SF
Disston Plaza Redevelopment – St. Petersburg, FL
Location: 49th Street N and 38th Avenue N
Project Size: 130,000 SF
