Retail Centers Rely Heavily On Supermarket Anchors

Dont doubt the power of produce.

Not much is expected in the way of new retail construction in 2010, but there is a cluster of projects underway bucking the trend that have a common thread: a grocery store as an anchor destination.

Brentwood-based PGM Properties LLC, Florida-based The Barclay Group and Franklin-based Southern Land Co. have all recently broken ground on grocery-anchored retail centers. Though some have been on the drawing board for some time Southern Land Co. originally expected its Whole Foods at the companys McEwen development in Williamson County to be open last fall, and The Barclay Group originally planned to open its Publix-anchored Market at Salem Cove in Murfreesboro in early 2009 the projects point to a relative strength in the retail arena.

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