Shoppes at Park Place foreclosure shows even solid retail can be vulnerable in changing climate

Online shopping and changing consumer preferences are impacting retail centers, but excess debt can play a role, too.

  • By Kevin McQuaid
  • | 6:00 a.m. April 6, 2018
The Shoppes at Park Place, a 500,000-square-foot retail center in Pinellas Park, is facing foreclosure despite a 97% occupancy rate.
The Shoppes at Park Place, a 500,000-square-foot retail center in Pinellas Park, is facing foreclosure despite a 97% occupancy rate.
  • Commercial Real Estate
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From all appearances, the Shoppes at Park Place seems to be defying the retail apocalypse that is crippling so many shopping centers nationwide.

 

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