Retail Space Solutions Delivered Efficiently

As a Retail General Contractor in California, TRICORP tailors our services to each clients tenant base and lease agreements. For maximum efficiency, TRICORP also offers design/build for retail facilities.

Building Types

45,021 sf new service center and sales and parts building. Construction was phased to allow the business to remain open during construction. The concrete block service center was constructed first, followed by demolition of the existing buildings and construction of the 2-story, metal stud and wood framed sales and parts building.

Renovation/Remodel of new entrance to Sears at the Galleria in Roseville, including coordination of two-story structural steel addition during regular store operations.

Whole foods grocery store. This is a 15,000 square foot bulding with energy efficient lighting and cooling systems for food refrigeration.

Neighborhood whole foods grocery store. This is a 15,000 square foot bulding with energy efficient lighting and cooling systems for food refrigeration.

New shopping center including two retail buildings with a total of 22,000 sf. of new shopping center and associated site work. The project also included 6,500 s.f. tenant improvement for the Oxford Street clothing store.

Complete interior renovation of public spaces in the existing mall; addition of 9 public bridges on the second level plus new monument entry signage at all mall entries. Project included renovation of 180,000 sf. of public space while keeping 71 existing stores open.

New 14,000 sf. wood frame retail center with stucco and stone exterior. Tenant spaces include a full service restaurant, coffee shop, market, postal store and real estate office.

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Northern CA Retail General Contractor | TRICORP ...

With Development Largely Restricted to Outlet Centers and Mixed-Use Infill Projects in CBDs, Many Retailers Left With Fewer Viable Options to Expand

The U.S. retail real estate vacancy rate drifted down another 10 basis points to 6.1% in the second quarter -- the 12th consecutive quarter of vacancy decline. The retail vacancy rate has already dropped below pre-recession lows in major metros like Boston, New York, and Denver, and demand remains solid despite continued store closings by Sears, Kmart, The Gap, Office Depot, Staples, Macys and even grocer A&P.

As tight as the market feels with the national vacancy rate just 10 basis points shy of its previous cyclical low in 2007, CoStar senior real estate economist Ryan McCullough argues that its even tighter today than at the height of the boom eight years ago.

Today, only 60 million square feet of new retail space is under construction, compared with 150 million square feet that was under construction in 2007 when developers were building or expanding power centers, malls and shopping centers in pursuit of population growth in the suburban fringes.

"You really have far fewer options if youre a retail tenant in todays market, and thats really starting to wear on the demand numbers," said McCullough, who joined Suzanne Mulvee, director of U.S. Retail Research for CoStar Portfolio Strategy, in presenting CoStar's Midyear 2015 Retail Market Review and Forecast. "Whats holding back a lot of tenants today is the scarcity of available supply in good locations with strong demographics."

Tenants absorbed about 32 million square feet at mid-year 2015, compared to 37 million square feet in first half of 2014. The declining absorption numbers in recent quarters are a logical consequence of the lack of available space, rather than declining tenant demand, McCullough said. Until more new supply enters the market, demand is likely to be reflected in terms of higher rent growth rates, he added. Despite the limited supply of available space, the market is still experiencing a bit of opportunistic leasing and store openings by retailers like Wal-Mart, Dollar General and Dicks Sporting Goods, which can be productive in somewhat less attractive locations. McCullough expects such activity will likely dominate retail expansion until new shopping center supply ramps up.

Meanwhile, store closures continue to provide an alternative source of space as stores are eventually shuttered and the space returned to the market.

Office Depot, confronting an 8% same-store sales decline in the second quarter, said Tuesday it would accelerate its store closure plan. The Boca Raton, FL-based retailer now expects to close 175 stores this year and at least 60 in 2016, for a total reduction of 400 stores by the end of next year.

One new twist in the store closure trend is a recent Chapter 11 bankruptcy filing by grocery chain Great Atlantic & Pacific Tea Company (A&P) which is selling or closing all 300 stores in six Mid-Atlantic States.

However, A&Ps strong store portfolio has an average of $2.5 billion in buying power based on demographics within a three-mile trade area. In contrast, Stop & Shops more than 100 stores have $1.5 billion in buying power, while Shoprites 70 stores come in at $1.8 billion.

"Its no wonder than nearly three-quarter of A&Ps planned closures have already been grabbed by Shoprite and Stop and Shop," Mulvee said, referring to the chains plan to sell 120 stores to the rivals for $600 million.

Development is focused around mixed-use single-tenant projects in urban centers, unlike previous construction cycles where retail expanded into suburban markets. Supply constrained markets like Honolulu, New York City and Miami are seeing the strongest levels of new supply.

"This is the type of space that retailers are demanding, so its worthwhile for developers to push through entitlement issues into traditionally difficult markets," McCullough said.

Conversely, markets like Phoenix, Austin and the Inland Empire that dominated the last construction cycle are seeing a fraction of the activity this time around, Mulvee added.

"Part of the reason deliveries are so limited today is because there is a mismatch currently between where its easier to build retail space and where people and their incomes are concentrating," Mulvee said.

Rent growth continues to hold at about 3% annually, mild compared to last cycle, although denser urban areas seeing rent growth of upwards of 7%, while suburban markets where vacancy overhang remains are seeing little rent growth.

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Low Level of Retail Construction Starting to Crimp Net ...

Groom Construction has a proven track record of continuity and self-performance in working with national retailers to meet their commercial construction needs.

We are entirely comfortable with our ability to implement large-scale projects at multiple sites simultaneously, and we have developed a diverse portfolio of commercial construction projects consisting of remodels, fit-outs, resets, rollouts, installation and new store construction.

Our national rollout capacity allows us to deploy enormous amounts of manpower and managerial expertise over a wide area. For those events that require rapid response, Groom is flexible enough to be able to send one of our mobile crews to your location at a moments notice.

Tour one of our retail projects and see the results for yourself.

Target Corporation has been Groom Constructions fastest growing client over the past four years. Groom has completed several large-scale rollouts as well as various interior remodel and fixture installation projects with glowing reviews. With Groom Constructions ability to provide value engineering and assist with the creation of quality installation instructions, we have garnered a reputation for consistency while performing at a high level. [Detail]

Groom Construction has built a strong relationship with Kohls by performing work for multiple departments including remodel construction, quality assurance, special projects, and the fixture group. Over the past several years, Groom has successfully completed several hundred small rollout type projects as well as many larger remodels across the continental United States. The relationship is ongoing and our partnership with Kohls continues to expand. [Detail]

Groom Construction was contracted to build BurgerFis first Massachusetts location on Commonwealth Avenue in Boston. The Florida-based burger and frozen custard chain has thrived in multiple markets and is rapidly increasing its presence throughout the United States. [Detail]

Pinkberry is a fast growing nationwide brand and required multiple fast-track commercial retail fit outs. Groom converted existing commercial space into the new high-end yogurt shop which is the Pinkberry brand. Two Pinkberry locations have been completed by Groom Construction. A 1,196 sq.ft store in Hingham, Massachusetts, completed August 2011 and a 1,083 sq.ft store on Newbury Street, in Boston, MA, completed October 2011. [Detail]

Groom Construction boasts a rapidly growing portfolio of projects in the food service industry, which now includes Panera Breads flagship Washington, D.C. store. This project posed numerous challenges, being occupied and urban, but it was finished on time on a fast track. [Detail]

Groom Construction has completed more than 150 Best Buy locations throughout the country during the past three years. 75 of the stores house Magnolia Home Theatres, 25 include Musical Instrument remodels and 10 are new Mobile stores. Groom handled all of those building needs as well. Project scope typically involves a six-week, fast track remodel with demo, carpentry, millwork, lighting, drywall, painting, flooring and ceilings. General Contracting services also include retail resets, fixture installation, remodels, fit-outs, store takeovers and new store construction. [Detail]

When Tri-City Sales was expanding and upgrading their commercial retail space they chose Groom Construction. The project involved construction of a new 12,000 sq. ft. retail building and appliance showroom. It included multiple custom-designed manufacturers showcase areas, a fully functional demonstration kitchen, executive offices, and an attached 2,000 sq. ft. Dunkin Donuts. The project also included design-build delivery for mechanical, electrical, sprinkler and plumbing systems. [Detail]

The Comina brand offers its clients a unique shopping experience, unique showroom, and speciality furnishings and products not found elsewhere. Groom Construction provided the new construction of a 6,000 square foot high-end retail store and 4,000 square foot showroom fit-out located in the Marblehead, Massachusetts downtown main street business district. [Detail]

Another well-known brand was expanding its operations and doing it fast was a requirement! Over 30 fast-track retail fit-outs in five states have been completed for Lindt & Sprungli Chocolates by Groom Construction. Each of these projects included extensive custom millwork and fixturing packages. [Detail]

The expansion of the Dunkin Donuts brand nationwide has been nothing short of explosive! Groom Construction is the companys trusted go to source for commercial construction and fit-outs for Dunkin Donuts and the Cold Stone Creamery retail locations. Groom has completed over 30 fast-track retail fit-outs and new store build outs in New England. Projects include extensive custom millwork and fixturing packages. [Detail]

Walgreens is another national brand that chose Groom Construction for new store construction and fast-track project management. Groom built two new 13,000+/- sq.ft. Walgreens stores for the retail chain. The project included the construction of masonry bearing walls, complex storefronts, and tower systems. Both projects also involved extensive site work and electrical packages. Each were completed on a fast-track construction schedule and on budget. [Detail]

Drop us a line using this online inquiry form or call us at (781) 592-3135. We look forward to speaking with you.

Also, you can download our Corporate Overview (PDF opens in new browser window).

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RETAIL Groom Construction

The Port Authoritys World Trade Center site will offer retail facilities second to none, with a vast array of shopping, dining and entertainment offerings.

The Port Authority is collaborating with the Westfield Group a major, worldwide retail property owner to develop, lease and operate more than 350,000 square feet of shopping and dining space seamlessly integrated into the World Trade Center site. Work has already begun on a 16,000 square foot, street-level retail concourse located along a pedestrian walkway on Cortlandt Street. A street-level retail presence will also exist along Church and Dey Streets and above-grade in Towers 3 and 4.

In addition, the stunning World Trade Center Transportation Hub will feature retail opportunities in its multiple concourses that connect to the rest of the World Trade Center site and multiple transit modes. When developed, Tower 2 is anticipated to include 90,000 square feet of retail space.

The World Trade Center retail complex will be a centerpiece for the entire Lower Manhattan area, a district that is experiencing rapid growth in office occupancy, residential population, commuter traffic and tourism. With the lure of the World Trade Center and convenient access to many modes of public transportation, the area attracts millions of visitors each year.

Westfield Group has one of the worlds largest shopping center portfolios, encompassing the United States, United Kingdom, Australia and New Zealand. Its centers generate more than 1.1 billion customer visits and over $40 billion in retail sales every year. Westfields strategy is to develop superior retail destinations in major cities by integrating food, fashion, leisure and entertainment and by using technology to better connect retailers with consumers.

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World Trade Center Retail - Port Authority of New York ...

$30.88 /sf/year1,600 - 6,400 SF

*Bi-level shopping center with almost 200 off-street parking spaces. *In the Central Ward/University Heights section of Newark, NJ on W. Market St., near 12th Ave and Cabinet St., (across the street from University/Rutgers Medical/Hospital Complex). *54,000 SF of retail and office space on 2.78 acres. *FOOD COURT that includes Blimpie, New Crab Palace II, Wok II Chinese Restaurant, 4 Seasons Caf, and Sakura Japanese Restaurant; Quick Fresh Convenience Store; *SECURE shopping/office center. Nine exterior camera security system. Located at crossroads for law enforcement and emergency services vehicles/personnel; *NEIGHBORING TENANTS CURRENTLY INCLUDE Cablevision, Verizon FiOS, Labor Ready, Family Dollar Store; *B4 business district zoning * CONSTRUCTION: Steel masonry non-combustible (fully sprinklered) *WE offer special rates and promotions for national credited tenants and governmental use. Generous rent ramp up period for Nat'l tenants. *WE WILL WORK WITH BROKERS AND OFFER A GENEROUS COMPENSATION FOR NATIONAL LEVEL TENANTS. WE OFFER A RENT RAMP UP PERIOD FOR NATIONAL CREDITED TENANTS AND GOVERNMENT AGENCIES. SPECIAL PROMOS AVAILABLE FOR GYMS/FITNESS CENTERS

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Newark, NJ Retail Space - Cityfeet.com

A key component of any lease negotiation is the tenant improvement allowance provided by the landlord to build-out or retrofit an office space for the tenants specific use.

One of the first questions every tenant has when considering either new or refurbished office space revolves around how much will build-out or tenant improvements (T.I.) cost? The tenants cost exposure is a key factor in the decision making process and important component in determining your projected total occupancy cost.

Projecting build-out costs beyond general ranges is challenging without the benefit of the space planning process, and so many building type options and lease size parameters that affect this estimate. Our friends at Kirksey Architectureprovided this Tenant Improvement Cost Guideline.

All categories reference a 25,000-sf floor plate with 50% offices and 50% open plan. Construction cost only, does not include owner provided AV and IT equipment.This is a guideline only and actual costs will vary based on the condition of the original space, the amount of re-usable assets, the tenant size (say floor versus full floor) and other factors.

The most basic applicable space to type A building, but using all new components 18-cell parabolic lights, stndard 22 fineline ceiling, wood veneer building standard doors with mortised hardware, no glass at office fronts, minimal millwork and all plastic laminate, $25/yd broadlooom carpet, standard electrical and HVAC.

Upgraded with 24 recessed direct/indirect light fixtures, 22 fineline ceiling, wood veneer building standard doors with mortised hardware, full-height glass office fronts in aluminum framing system, more extensive plastic laminate millwork with solid surface countertops throughout, $35/yd carpet tiles, more extensive electrical service with 24/7 server room AC and two supplemental fan-coil units for conference room zones.

Upgraded with some drywall ceiling areas with indirect cove lighting, architectural woodwork doors and frames, glass office fronts in matching wood framing; 30% of wall areas as premium grade architectural woodwork, 40% with acoustical fabric wall covering, 30% as painted drywall; extensive wood veneer millwork with granite countertops, $45/yd broadloom carpet, more extensive lighting and custom fixtures for artwork and accent areas.

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cost to build-out an office space - THE TENANT ADVISOR

$20.00 - $35.00 /sf/year1,500 - 20,000 SF

Highlights: - New Build-to-Suit construction in the smokin' hot Lincoln Park Clybourn Corridor. Phenomenal location adjacent to new $9 million Crme de la Crme daycare, caddy corner to the new Mariano' s Fresh Market, directly across the street from Webster Place (Theater, LA Fitness, Barnes & Noble). Three blocks to the Lincoln Park Costco. - Ground level spaces from 2,000 20,000sf, 2nd floor spaces from 2,000 10,000 sf. Approved for retail, office, and restaurant uses. 61 parking spaces with ample supplemental off-street parking (garage across the street). - Within a half-mile: average annual household income of $125,000; additional existing retailers include Trader Joe' s, Treasure Island, Kohls' s, Best Buy, Mariano' s Fresh Market (under construction), Whole Foods, Sephora, Ulta, Crate & Barrel, Binny' s, Pottery Barn, Petco, West Elm, Bed Bath & Beyond, Starbuck' s, Bath & Body Works, Express, Victoria' s Secret, and the Apple Store. - Site has all utilities, landscaping, and lighting in place. Frontage of 250 feet on Webster, 240 feet along the Chicago River. Class C real estate tax designation, which limits assessment increases.

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Chicago , IL Retail Space - Cityfeet

A major jump in sales of retail space valued between $50 million and $100 million underpins a successful year for the sector, according to a Savills Australia report.

The agency sold $5.3 billion worth of retail properties in the year to the end of June, with those in the $50 million-$100 million category totalling about $1.5 billion more than twice as much as the 10-year average.

Along with Savills tally of almost $6 billion in the previous year, this years sales consolidate the national markets position towards pre-GFC levels.

The retail sector always faces cyclical and structural issues. Some cyclical issues arestarting to move in its favour, the Insight Australian Retail Market report says.

In the year to the end of June, institutions were the most active, snapping up 59% of retail holdings on Savills books.

Institutions were the most active, snapping up 59%of retail holdings on Savills books.

Read more: Who owns Australias shopping centres?

Institutional investors have re-entered the market with freestanding assets and shopping centres high on their list, the report says.

Furthermore, local conditions have caught the attention of international investors, as good quality; tightly-held assets have been available.

But the report saysreturns from the retail sector are likely to be constrained for the foreseeable future.

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Who is buying Australia's retail space?

Modular construction is often preferred by the retail and hospitality industries due to its speed and efficiency, which results in earlier occupancy and a faster return on investment. Modular retail buildings can be permanent or temporary and can be designed and constructed to have the same look and finish as other traditionally constructed facilities.

From modular restaurants to golf pro-shops, M SPACE has the experience and capabilities to quickly and effectively expedite projects. Our team works closely with every customer to design a floor plan that meets their individual needs, clearly explaining the array of options that can include green construction features such as energy efficient HVAC units, additional insulation and recycled materials. These items all help to achieve maximum energy efficiency within our prefabricated commercial buildings, helping to reduce the impact on the environment and minimize operational costs.

Here are some examples of the most popular modular commercial buildings in the retail and hospitality industries:

Whether youre planning, budgeting or in need of immediate modular commercial building, M SPACE is available to assist you with all of your modular retail building and construction needs. We offer a variety of options from sales to modular leasing to modular financing so call us any time at 877.677.2231 to discuss your project.

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Modular Retail Buildings | Prefab Commercial Buildings

RMSe brings retail spaces to life. For 21 years RMSe has led the charge to renew and refresh the retail industry through iconoclastic construction, cutting-edge installations, and state-of-the-art project management. Our success is directly related to a strong attention to detail and the consistent success of our retail clients. We are an integrated team of construction, design, and engineering professionals that create innovative retail experiences for the world's most successful brands. Retail is our passion and excellence is our objective. RMSe is a one stop shop for retailers looking to manage every aspect of their construction process.

Our project managers are some of the best in the business. Each RMSe client is partnered with a dedicated team of project managers to facilitate their work from beginning to end. We keep tabs on every aspect of your work including the price. RMSe's team provides detailed reports and cost analyses during every phase of every project so that there are never any surprises. Are you ready to breathe new life into your business? We are.

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Retail Construction Services | Commercial Remodeling ...