Is there room for independent developers in the outlet industry today?


Jeffrey T. Was of Felenstein Was & Associates made the following announcement today.

THE SHOPS OF GRAND RIVER, AL

GRAND OPENING TODAY!!!!!

As many of you are aware, it is with great pleasure and pride that today we announce The Shops of Grand River, AL has officially opened for business!

Today is a very important day in the retail outlet industry for several reasons. First, not even the worst economic crisis in over 70-years could derail the success of this amazing new outlet center. Second, The Shops of Grand River clearly demonstrates to the retail outlet community that there is still a place in this industry for independent developers who are committed to the success of the retailers. Put another way, the “small guys” can still succeed in this industry!

On behalf of everyone involved at The Shops of Grand River, we would like to thank the 50+ outlet retailers who are open for business today. It is because of their support and belief in The Shops of Grand River that this amazing center has opened. To be clear----without the support of the retailers in this industry, no outlet center will flourish.

Well said Jeff!

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