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Consultant reports low vacancy, recommends broker, one‑stop business support and marketing push for Lake Forest centers
Summary
Cosmont Companies presented a shopping‑center analysis showing relatively low vacancy in Lake Forest and recommended steps including a retail broker, a one‑stop business startup service and marketing at industry conferences to attract tenants and reinvestment.
Cosmont Companies presented a year‑long shopping‑center analysis to the Lake Forest City Council on April 15 and recommended a set of actions the city could take to retain and attract retailers, including hiring a broker for retail recruitment, creating a one‑stop business startup assistance program and investing in targeted marketing.
Ken Herro, the principal presenting for Cosmont, summarized the firm's review of 18 shopping centers and said the city's vacancy rate was healthy compared with the wider submarket. ‘‘At 2.8% per CoStar, it's in a very, very…
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