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Humble Shopping Centers Are the Hot New Real-Estate Asset


Samantha Lee/Insider
Shopping centers have seen occupancy, rent collections, and revenues bounce back from the pandemic.
Strip malls have been bolstered by the popularity of the suburbs and necessity-focused shopping. 
The once-overlooked sector is now hot among investors, with share prices up 40% this year.
Like much of the nation s retail market, the Gurnee Town Center took its lumps during the pandemic.
Last April, the furniture chain Art Van shuttered a store it operated in the strip mall, which sits about an hour s drive north of Chicago, just off Route 132, a heavily trafficked local highway. The large vacancy opened just as retail-leasing activity plummeted nationally and consumers began to pull back from brick-and-mortar shopping amid mandated lockdowns and concerns about the spread of COVID-19. ....

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