Shopping Center Business

By Kristin Harlow

Sports and entertainment destinations offer several benefits to retail properties — they boost foot traffic, encourage consumers to linger, complement traditional retail and provide opportunities for refilling vacancies. Pickleball, gaming and music venues are some of the most prolific concepts in today’s experiential marketplace.

“Entertainment is complementary to retail in the sense that you get cross-pollination between tenants,” says Beau Arnason, executive vice president of asset performance at Columbus, Ohio-based Steiner + Associates.

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