1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Todd Sullivan
Todd Sullivan

St. Joe to Partner on 400k Sq Ft Shopping Center

December 06, 2011 | About:

I would not be surprised down the road to see part of JOE become a REIT. Once this and Venture Crossing is completed, it might make sense to look at it.

A large retail property management firm has announced plans for a new shopping center in Panama City Beach.

‘Pier Park North’ is planned for the northeast corner of Back Beach Road and Pier Park Drive. The builder is Glimcher Development Corporation (GRT), a direct competitor of Simon Company (NYSE:SPG), which owns Pier Park across the street. Glimcher is partnering with the St. Joe Company (NYSE:JOE) for 400-thousand square feet of retail space to include major chain stores and restaurants.

“What they’ve typically signed in the past in their other developments around the country, it’s always national big name, anchor type stores and typical national brands that go along with those, so I expect to see names we are all familiar with” said Panama City BeachPlanning Director Mel Leonard.

And here’s a list of some of those retailers and restaurants considered as prospective tenants.

-Dick’s Sporting Goods

-Bed Bath & Beyond


-Fresh Market

-Pier 1 Imports


-Ross Dress for Less

-Shoe Carnival


-Toys R Us

-Rooms to Go

-Men’s Warehouse




Several would be new to Bay County, including Dick’s Sporting Goods, Fresh Market, Men’s Warehouse and Cheddars restaurant. Construction is scheduled to begin in January, with completion sometime in 2013.

About the author:

Todd Sullivan
Charlie Tian, Ph.D. - Founder of GuruFocus. You can now order his book Invest Like a Guru on Amazon.

Rating: 4.8/5 (5 votes)


Please leave your comment:

Performances of the stocks mentioned by Todd Sullivan

User Generated Screeners

sean3sTest 2
sean3sTest 1
cspunarideal shorts
James Ligood companies
alberto.lopezblancoMomentum / Deep Value v2
itflpalmsOwners Earnings
HOLKLSUTrump Trade Amended All Sector
Michael SchneiderGrowth Stock
HOLKLSU2018 Themes Rising Rates Taxes
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat