Retail Real Estate Advisors to Reboot Tenant Profile and Maintain Profits of 900Ksf Regional Shopping Center
Capricorn Retail Advisors, a division of Capricorn Asset Management, has been appointed agent of record for the leasing program at The Galleria at White Plains. The approximately 900,000-square-foot regional shopping center is located at 100 Main Street, in the heart of Westchester County’s commercial hub and fastest growing city. Spearheading the agency are Capricorn Retail Advisor Managing Principals Andrew Schulman and Jason Richter. The popular center, which is anchored by Macy’s and Sears, has long been a destination for younger shoppers due to retail brands such as American Eagle, Aeropostale, H&M, Forever 21, and Jimmy Jazz, among dozens of others. Capricorn, which has been active in the national roll-outs of prominent digitally-native retail brands, plans to elevate the retail options, while maintaining many of the youth-focused brands.
“We were retained by The Galleria’s owner, Pacific Retail Capital Partners, to support the core retail, while introducing new brands,” points out Mr. Schulman. “This is a ‘main street’ destination that has been a go-to for the community, thanks to the diversity of the mix, and established service-based tenants.”
Adds Mr. Richter, “The city of White Plains is growing at an extraordinary pace. Our goal is to introduce exciting shopping options to an expanding consumer base, including digitally-native clicks to bricks brands.”
In addition to the shops and services at The Galleria, there is a vibrant food court. The Galleria at White Plains also hosts daily and seasonal events, such as Ladies Paint Night, Comicfest, and Sneakerhead. It is accessible by car, Metro North train and various bus services.
About Capricorn Asset Management
Capricorn Asset Management is a boutique retail-focused real estate investment and advisory firm based in New York City. The firm’s multidisciplinary approach, including leasing division Capricorn Retail Advisors, enables it to provide a full complement of services tailored to the needs of both tenants and landlords. As a result, its notable client base comprises a global roster of landlords, developers, retail brands/tenants, and investors.
Founded by Managing Principals Jason D. Richter, CRX, CLS,and Andrew Schulman, the firm’s highly accomplished leadership reflects decades of experience representing world-renowned developers, landlords, and retailers, both inhouse and as consultants. In addition to working with multiple legacy brands, Capricorn Asset Management and Capricorn Retail Advisors are recognized industrywide for positioning digitally native brands and implementing clicks-to-bricks expansions. Among those brands for which it is consulting on location roll-outs are Winky Lux, Outdoor Voices (“OV”) and Timbuk2. The firm is also the exclusive real estate partner of Facelift by Loose Threads, which specializes in click-to-bricks transitions and roll-outs for digitally-native brands.
About Galleria at White Plains
Galleria at White Plains is a 900,000 square-foot two level shopping center with more than 130 specialty stores and restaurants located in the heart of Westchester, NY. Anchored by Macy’s and Sears, Galleria at White Plains offers a wide array of convenience and destination shopping, dining and entertainment. For more information, visit www.galleriaatwhiteplains.com or follow us on Facebook or Instagram @ShopGalleriaWP.
