We Finally Got a Piece of the Pie — Perimeter and Outparcel Development

By Kathleen Dempsey Boyle, Cristina Hendrick Stroh, and Benno G. Rothschild

Kathleen Dempsey Boyle is a partner with Meltzer, Purtill & Stelle LLC in Chicago, Illinois. Cristina Hendrick Stroh is senior counsel—real estate legal for JCPenney in Plano, Texas. Benno G. Rothschild is a partner with Hartman Simons & Wood LLP in Atlanta, Georgia.

There have always been marketplace-driven changes, and outparcel development has long been part of the mix. But Internet sales and general economic sluggishness are driving a unique flip-flop away from parking-intensive megastores that were once a fixture of shopping center developments, creating new opportunities that the original developer may not have seen coming. Read the Full Article

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