First Real Estate - James Taylor, Town Square Real Estate
In this conversation, Chris Rappold interviews James Taylor, exploring his journey into real estate, the cultural differencesย ...
Chief Executive Officer & Director, Brixmor Property
Search every verified James Taylor interview, podcast appearance, and on-the-record quote โ each transcript cross-checked by AI and human review to confirm speaker identity. James Taylor, CEO of Brixmor Property Group, has described the open-air retail sector as benefiting from strong fundamentals, citing "no new supply" combined with "robust demand" from retailers who have recognized the role of physical stores in serving customers. He has characterized tenant disruption as an opportunity to "bring in better tenants at better rent," noting that struggling tenants do little for a shopping center and can be replaced with tenants that drive more traffic and higher rents. Taylor stated that Brixmor has been increasingly active on the acquisition and disposition front, with about $200 to $300 million under control and expectations for that figure to grow. Taylor has highlighted Brixmor's strategy of clustering investments in specific markets and reinvesting capital into existing properties. He cited examples such as the Shops at Palm Lakes in North Miami, where the company converted an older grocery store to a more relevant concept, replaced a dark Kmart with LA Fitness and dd's Discounts, and added outparcels, generating an incremental 8% return on $31 million invested. In Venice, Florida, he noted a $9 million investment at an incremental 11% return, creating over $8 million in additional value. Taylor has also emphasized the company's purpose of creating centers that serve as the heart of their communitiesholistic.
“And my whole purpose of Time Square is to create a little bit of a different culture with real estate that the client actually comes first because everybody will say the client comes first, but they really don't.”
“Now, I have a business. I need to put food on the table, but that doesn't mean I need to overcharge clients or I can't go that little extra mile to help somebody.”
“Or even if we're working together and it doesn't seem like the right fit, I'll let you out of the contract. Go work with somebody else. I'll help you find somebody else.”
“For a number of years we've had essentially no new supply in the open air retail space at the same time we've had pretty robust demand from retailers whoโve recognized the role the store serves in serving their customer.”
“It's simply bringing in better tenants at better rent so if you have a tenant that's struggling they're really not doing much for your shopping center and if, as we do, you have attractive rent basis you're able to attract a better tenant that's going to drive more traffic to your center at a higher rent and therefore...”
“We have begun to be much more active as we see opportunities within the marketplace to take our platform, our leasing, redevelopment and operation platform and make the centers better that we look to acquire.”
“We're very excited we've got about 200 to 300 million under control today and we see that growing substantially over the coming quarters.”
“This Center is a great example of our value-added investment strategy, clustering our investments in vibrant markets like this one but also finding great opportunities to put additional capital to work at compelling returns.”
“Here at this Center we invested nine million dollars at an incremental 11 percent return creating over 8 million dollars of additional value.”
“We've also created value through driving rate and occupancy.”
“We not only own this shopping center but also acquired the shopping center next door Plaza by the Sea, a great example of our clustering strategy whereby we drive value not only in rate but also occupancy as well as finding opportunities to further densify and reinvest in these properties.”
“Ocean View Plaza is a 170,000 square foot dual grocery anchored center with a Rouse and Trader Joe's as well as a CVS Pharmacy, located immediately adjacent to our Plaza by the Sea property.”
“We acquired Plaza by the Sea at the end of 2017 for just over 13 million dollars; this property had been on our target acquisition list for a long time and we were able to successfully buy this asset off market from a private individual who had owned the center for 25 years.”
“We have commenced a number of value-enhancing projects including a complete facade renovation, a new parking lot, new roofs, and new landscaping, completely transforming the center.”
“One of the exciting things at Plaza by the Sea is an out parcel development project where we tore down an old restaurant building and are creating a 2,100 square foot out parcel with a drive-thru; we landed Handel's as one of our tenants, a very popular ice cream chain, and Better Buzz Coffee, a specialty coffee chain...”
In this conversation, Chris Rappold interviews James Taylor, exploring his journey into real estate, the cultural differencesย ...
James Taylor, Jr., CEO of Brixmor Property Group Inc. (NYSE: BRX), sat down for a video interview during Nareit's REITworld:ย ...
Brixmor CEO Jim Taylor heads to Shops at Palm Lakes in North Miami to illustrate how we create value every day. An older grocery store was updated to their more relevant concept Fresco y Mas, driving traffic and sales in this Hispanic market. A dark Kmart was transformed into LA Fitness and dd's Discounts, plus 44K square feet of outparcels were added along the busy crossroads providing much needed quick-serve dining. As a result, the investments generated incremental returns, rate and occupancy while delivering on our purpose of creating centers that truly serve their communities. To see mโฆ
Brixmor CEO Jim Taylor shares another example of Brixmor's value-add investment strategy, clustering investments in vibrantย ...
Brixmor CEO Jim Taylor travels to San Clemente, California in South Orange County to show the value created through clusteringย ...
Schack Institute of Real Estate's Fall 2022 REIT Leadership Series featuring Jim Taylor, President & CEO at Brixmor Propertyย ...
Full transcript and links at https://www.jamestaylor.me/discovering-the-worlds-first-physical-nft-store-in-dubai-with-james-taylor/ย ...
Brixmor CEO Jim Taylor shares how we leveraged the expertise of our leasing and redevelopment team to create substantialย ...
Brixmor CEO Jim Taylor travels to Southern California to the Village at Mira Mesa to introduce the team that set up years of growthย ...
Travel to Southwest Florida with Brixmor CEO Jim Taylor to learn about our strategy to cluster investments in vibrant markets suchย ...
Sign in to search the full transcript archive, filter by topic, and access every quote from James Taylor.
The summary and quote tags on this profile are produced with AI assistance from verified, first-person interview transcripts, then checked by our team to confirm the speaker's identity and the accuracy of every quote. See how we verify →