Signs of revival appear as interest grows in lower-tier properties and foreigners shed their aversion toward retail, but a full-bore recovery is likely to be tempered as distressed properties take several years to clear the courts.
April 16, 2012 at 12:00 AM
1 minute read
Chuck Albrecht’s Northern Tool + Equipment is based in Minnesota, but the retail executive has been active in South Florida for more than 20 years. He knows when the local market is healthy enough to support expansion.
In February, Albrecht’s 75-store chain opened its third store in the region in Pompano Beach. And he’s inspecting several South Florida locations as expansion candidates.
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