Retail Merchandiser - September/October 2013 - (Page 54)

Real Estate TERRACO INC. A Niche Player Terraco Inc. aims to develop Midwest properties with long-term value. The company has found locations for Walgreen Co., McDonald’s Inc., Trader Joe’s and Target. F Scott Gendell, principal Wilmette, Ill. or retailers, where you sell can be just as important as what you sell. For nearly 30 years, Terraco Inc. has found ideal places for such retailers as Walgreen Co., McDonald’s Inc., Trader Joe’s and Target. Based in Wilmette, Ill., the real-estate development and management company has developed more than 80 properties that span more than 5 million square feet. Senior Vice President Dan Wander notes that Principal Scott Gendell started the company in 1985 after founding another real estate firm. But when Gendell had the opportunity to pursue developments in his hometown of Skokie, Ill., he chose to found the company with his wife, Lisa. Serving a Midwest niche, Terraco has developed more than 80 properties that span more than 5 million square feet. 54 September/October 2013 Today, Terraco is a “niche development player” in the Midwest, Wander says. It is a retail niche that Terraco dominates. “We’re very, very good at doing infill development sites,” he says, noting that Terraco excels at difficult assemblage deals and solving complex problems for municipalities. Wander notes that the company has worked with many major developers. “We’ve partnered with a lot of other firms to make deals when that’s been appropriate and very effective for us,” he says. As a developer, Terraco seeks out “good, underlying real estate,” Wander says. “We’re looking for hard corners with traffic lights that we feel are going to have long-term value.”

Table of Contents for the Digital Edition of Retail Merchandiser - September/October 2013

Retail Merchandiser - September/October 2013
BLE 2013
Cyber Defense
Looney Tunes
The Biggest Loser
SeaWorld Parks & Entertainment
LeBlanc’s Food Stores
Clark Appliance
16 Handles
Cycle Gear
Wedge Community Co-op
All-Rite Construction Inc.
Radio Shack
Terraco Inc.
New & Notable
Focus on Convenience Stores
Bagels or Bookcases
Healthy Food
NACS 2013
Casey’s General Store
Monarch Custom Beverages
Craig Distributing
Nouria Energy
Maritime Farms
Speedy Q Markets
Parker Cos.
Orton Oil
The Linn Cos.
Tiger Fuel Co.
Architec Housewares
State Oil Co.
La Vie en Rose
New & Notable

Retail Merchandiser - September/October 2013