The Native Realty CEO shares his retail real estate expertise in the publication’s article about Lucky’s Market announcing plans to close all but one of its Florida stores. Lucky’s has three locations in South Florida.
Lucky’s Market plans to close nearly all Florida stores
In December, Kroger announced it would divest from Lucky’s Market
“Jaime Sturgis, the founder of Fort Lauderdale-based Native Realty, said Lucky’s landlords could look to the grocery store chain Sprouts Farmers Market or salon suites, a coworking concept for the salon industry, to fill the space. He added that other nearby tenants are going to be hurt now that the anchor tenant is leaving and traffic will be down.
“It’s going to have some shock waves, especially for the stores actively under construction,” said Sturgis.”