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ARTICLE · 17 JULY 2002

Independent Developers: A Resource for Retail Expansions

United StatesReal Estate and Construction
Kenneth Hoffman
Kenneth Hoffman

As the number of retail chains turning to independent developers to locate and turnkey their retail stores increases, the legal and practical issues involved in getting a store up and running grow more complex. Mostly confined to retailers targeting stand-alone locations or small, strip centers, the use of independent developers affords the retailer the opportunity to have much of the development risk and investment in time shifted to the developer. It also enables the retailer to conduct its search for locations in better ways than only through commercial retail estate brokers. Developers can negotiate deals directly with the sellers or potential ground lessors, where brokers can only be intermediaries in the deal making.

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