Real Estate Strategy Drives Fast Growth For Big-Box Retailer At Home
July 25, 2018

Real Estate Strategy Drives Fast Growth For Big-Box Retailer At Home

Home-décor retailer At Home Group is defying big-box trends by going on an expansion tear.

Strongly anchored in its home base of Dallas-Fort Worth, which is getting three new At Home locations, the company is implementing a strategy to expand the brand nationally to 600 stores, including opening about 15 new stores this year.

“Our goal is to be growing our store base by 20% a year, and that's what we've been doing,” Vice President of Real Estate Dean Zurmely said. “It's a great time to be in real estate at this company. It's a little bit odd because there aren't many big-box [retailers] that are expanding.”

The Plano, Texas-based retailer has 164 stores in 35 states and forecasts 180 stores nationwide by January 2019 when its fiscal year ends. Beyond Dallas-Fort Worth, At Home is opening stores in Longmont, Colorado, and Pooler, Georgia, among others. Within…

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ML Realty Partners (7.25.18) DFW 13689
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Overstock.com Makes Foray Into Property Management

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Undaunted By Puerto Rico's Financial Mess, Hospitality Industry Blazes Ahead

“As you can imagine, things are a bit crazy here,” said Emilio Colón-Zavala, president of ECZ Group and head of the Puerto Rico Builders' Association, this month — even though it has been almost a year since Hurricane Maria slammed his homeland.

Puerto Rico is still recovering from hurricane-related infrastructure failures (the water system was long-neglected and the electric company has had five CEOs in a year) as well as a decade-plus financial crisis. The commonwealth owes creditors a whopping $124B, and bondholders are fighting over who will be repaid. Investors are looking to scoop up distressed properties or take advantage of generous tax incentives, and cryptocurrency entrepreneurs have invaded with a vision to remake the island and run it on bitcoin. Meanwhile, residents still struggle; the average family income is about $20K. 

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