E-Newsletters

Corporate November 2014

Visit Bayer Properties at ICSC New York National Conference December 8-9 at the Javits Convention Center, Booth 109.

ICSC NYC

Asset Spotlight – November 2014

Belk, the nation’s largest family owned and operated department store, hosted a grand opening celebration for their new 170,000 square-foot, $20 million flagship store at Bridge Street Town Centre in Huntsville, Alabama earlier this month.

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November Leasing 2014

Bridge Street Town Centre – Huntsville, AL
Belk, Opened October 2014
Orvis, Opened November 2014
Texas de Brazil, Opening November 2014

The Summit – Birmingham, AL
J. McLaughlin, Opened October 2014
fab’rik, Opening November 2014

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Latest News – The Summit at Fritz Farm

With all zoning approved, construction on The Summit at Fritz Farm in Lexington, KY, will begin in March 2015, as David Silverstein confirmed with the Lexington Herald-Leader earlier this month.

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August – Corporate

Charles McNamee has joined Bayer Properties as Senior Vice President of Development and Construction.  In this role, Charles will be responsible for all aspects of the development and construction process at Bayer Properties.  He will oversee both the Development and Tenant Coordination and Construction Departments.

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August – Leasing

The Summit – Birmingham, AL
The Art of Shaving, Opened August 2014
Lilly Pulitzer, Opened August 2014
Kendra Scott, Opened August 2014
Calypso St. Barth, Opened August 2014
Tumi, Opened August 2014
J. McLaughlin, Opening October 2014

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August – Asset Spotlight

Birmingham’s Uptown Entertainment District, located near the Birmingham-Jefferson Convention Center (BJCC), hosted its grand opening celebration, “Eat Up: A Taste of Uptown,” on July 31. Featuring tastings from each of Uptown’s seven restaurants, Cantina Laredo, Bottle & Bone, Todd English P.U.B., Texas de Brazil, Octane Coffee Bar, The Southern and Mugshots, the event’s street festival atmosphere also included entertainment from three of Muscle Shoals’ Single Lock Records recording artists: Belle Adair, The Bear and Alabama Music Hall of Fame Inductee, Donnie Fritts.

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June 2014 Leasing

The Shoppes at Webb Gin – Snellville, GA
Pure Barre, Opened April 2014
Saigon Cafe, Opened May 2014
Sprouts Farmers Market, Opening June 18

Bridge Street Town Centre – Huntsville, AL
Pandora, Opened May 2014
Shades, Opening Fall 2014

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The Summit Birmingham Leasing

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.

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Release

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.”

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May 2014 CSA 3rd Party Manager

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.

April 2014 Leasing

Bridge Street Town Centre – Huntsville, AL
BRAVO!, Opening Spring 2015
Dickey’s Barbecue Pit, Opening Fall 2014

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April Corporate

Remember to visit Bayer in the North Hall, 225 U Street, during RECon Las Vegas May 18-20. To schedule a meeting with Bayer Properties, please contact Lauren Lovell.

recon

Bayer Location

 

ICSC RECon

To schedule a meeting with Bayer Properties, please contact Lauren Lovell

Bayer will be located in the North Hall, 225 U Street.

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March 2014 – Leasing

Bridge Street Town Centre – Huntsville, AL
Michael Kors, Opened February 2014
Pandora, Opening May 2014
Kate Spade New York, Opening June 2014
Texas de Brazil, Opening Fall 2014

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March- Corporate

Brad Bailey has joined Bayer Properties as Vice President of Business Development.  Brad has over 20 years of experience in the commercial real estate and retail industry, most recently with The Weitzman Group, where he held the position of Senior Vice President/Director of Investment Sales.

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March 2014 – Asset Spotlight

Bridge Street Town Centre is the premier mixed-use regional fashion center in northern Alabama.  With over 600,000 square feet of high-quality shopping and dining, a 210-room Westin Hotel and a 14-screen Monaco Pictures, this outdoor fashion center is the destination of choice for consumers to shop, dine, stay and play. Populated by a dynamic mix of national retailers and specialty stores as well as a strong variety of restaurants unique to the market, Bridge Street Town Centre is a community gathering place enjoyed by all.

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Whole Foods at The Summit Lexington

Birmingham-based Bayer Properties announced that Whole Foods Market has signed a lease to occupy 40,000 square feet at The Summit in Lexington, KY.  Whole Foods Market is the leading retailer of natural and organic foods. With more than 370 locations worldwide, it was named “America’s Healthiest Grocery Store” by Health magazine.

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January 2014 – Corporate

Bayer Properties announced that it has been engaged by Pearlmark Real Estate Partners to oversee management and leasing efforts at Stones River Mall, a 595,000 square foot regional enclosed mall in Murfreesboro, TN. This is Bayer Properties second asset in the state of Tennessee, further expanding its mixed-use asset portfolio of approximately 10 million square feet.

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January 2014 Asset Spotlight

Pinnacle at Turkey Creek, located in Knoxville, Tennessee, is a finely edited mix of big box, specialty retailers and restaurants that attract locals and tourists alike.  Located near the University of Tennessee in Knoxville, Pinnacle at Turkey Creek is the premier shopping and entertainment destination for the area.

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January 2014 – Leasing

Bridge Street Town Centre – Huntsville, AL
Michael Kors, Opening February 2014
Pandora, Opening Spring 2014
Belk, Opening Fall 2014

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November 2013 – Asset Spotlight

Metropolitan, a 412,204 square foot center, is Midtown Charlotte’s premier urban mixed-use environment, combining retail, residential, office and recreation into one walk-able location.  The retail component is an exciting blend of necessity, fashion and restaurant tenants anchored by leading national retailers, such as Trader Joe’s, Best Buy, Marshalls and Staples.  Interwoven within and above the retail are luxury condominiums and a ten floor class “A” office building.

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November 2013 – Leasing

The Summit – Birmingham, AL
Kate Spade New York, Opened September 2013
West Elm, Opened October 2013
C. Wonder, Opened October 2013
Madewell, Opened October 2013
Paper Source, Opened October 2013
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The Summit Birmingham Store Openings

The Summit Birmingham recently opened four new stores: West Elm, Kate Spade New York, C. Wonder and Madewell, which are exclusive to the market. During the month of October, each store hosted unique grand opening celebrations, utilizing social media, email, direct mail and partnerships with local non-profits to bring customers into their stores. Overall, retailer sales to-date have exceeded plan.
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August 27, 2013 – Asset Spotlight

The Summit Birmingham is the flagship development in the Bayer Properties portfolio, embodying the goal of creating a gathering place where people can shop, live, work and play in an enjoyable environment. This shopping destination draws visitors from across the region with its elegant outdoor setting, fine dining, premium office space and high demand mix of retailers. Read More

August 27, 2013 – Corporate

Introducing our newest development, The Summit Lexington, a mixed-use shopping destination located in the bull’s–eye of Lexington, Kentucky’s thriving retail hub.  This unique outdoor fashion center will offer specialty retail, restaurants, and a residential component all in one convenient location. Read More

August 27, 2013 – Leasing

The Summit Birmingham
C Wonder, Opening November 2013. First store in Alabama
Kate Spade, Opening November 2013. Only store in Alabama
Madewell, Opening November 2013. First store in Alabama
Paper Source, Opening November 2013. First store in Alabama Read More

June 27, 2013 Asset Spotlight

Northwest Arkansas Mall, located in Fayetteville, opened in 1972 and was recently renovated and expanded.  Bayer Properties took over the management of this 820,000 square-foot super-regional mall, which is anchored by Dillard’s, JCPenney and Sears, features a 12-unit food court and more than 100 specialty stores and eateries including Aeropostale, Forever 21, Banana Republic, Children’s Place and Gymboree, in 2011.  Year-to-date 2013, Northwest Arkansas Mall has an occupancy rate in the low to mid-90’s with sales performance above the industry average.

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June 27, 2013 Corporate

Bayer Properties continues to expand the enclosed mall segment of its asset management portfolio, with the recent addition of Southlake Mall in Morrow, GA. This 1,000,000 square foot regional mall is anchored by Macy’s and Sears in a dense trade area within southeastern Atlanta, the ninth largest MSA in the U.S. Enclosed malls now represent 30% of Bayer’s operating portfolio.

 

June 27, 2013 Leasing

Front Range Village
Pure Barre, Opening August 2013
Ripple Effect Martial Arts, Opening August 2013

Mount Pleasant Town Centre
Try Sports, Opening December 2013 Read More