Bayer Properties announced that five new retailers will be opening this fall at The Summit Birmingham. Each of these retailers will further enhance the unique and fresh mix that The Summit continues to offer and all stores are exclusive to the market and the first location in Alabama.
“We are thrilled about the addition of these retailers. These brands fit perfectly with Bayer Properties’ ongoing commitment to further enhance our customer’s experience while bringing exclusive, one-of-a-kind stores to The Summit,” said Libby Lassiter, EVP of Leasing and Retail Development for Bayer Properties.
Bayer Properties has been engaged to oversee leasing and management of Springhurst Towne Center, a regional mixed use power center located in Louisville, Kentucky.
“We are proud to be a part of Springhurst Towne Center,” said Becky Norton, Regional Manager for Bayer Properties. “The center is in an excellent location and we look forward to utilizing our expertise in curating the perfect retail mix and property environment to enhance the overall shopping experience for our customers, while creating long term asset value for our owners.”
Bayer Properties was the 5th fastest growing third-party manager in the U.S. during 2013, based on an industry study conducted by Chain Store Age (May, 2014; article). Bayer’s third-party management business continues to experience growth including the addition of over 2.5 million square feet of new commercial retail and office assets during 2013. Today, Bayer Properties’ owned and third-party management portfolio consists of 11 million square feet of retail, office, residential and mixed-use assets.