Partnership approach puts retailers in the driving seat.For Philip Perri, Brian Broker and their team in the retail division of Sutton & Edwards Inc. / TCN TCN Tetracycline TCN transparent content negotiation TCN Third Country National(s) TCN Topology Change Notification TCN Transportation Control Number TCN Train Communication Network TCN Transaction Control Number Worldwide, the job is more than just faxing lists of sites to clients. The team, part of Long Island's largest commercial real estate services firm, instead has positioned itself as a partner to its clients, through its "Partners in Success" program, providing them with its extensive retail knowledge and expertise. "We can do it all for them," said Phillip Perri, director of Corporate Retail Services at Sutton & Edwards Inc. / TCN. "We leverage our experience in order to supplement their in-house staff." The Sutton & Edwards approach is customized for each client. Perri and his team research each client and its needs. "I know real estate, but I don't know Don't know (DK, DKed) "Don't know the trade." A Street expression used whenever one party lacks knowledge of a trade or receives conflicting instructions from the other party. their businesses," said Perri, who joined Sutton & Edwards in 2004 after 20 years in real estate development for various food service industry companies and other retailers, including eight years at New York Metro For the region, see . Metro New York is a free daily newspaper in New York City started in 2004. Its main competition is AM New York, with which it practices many of the same distribution and marketing strategies. division of McDonald's Corp., one of the most profitable and diverse regions in the McDonald's system. "We do a lot of strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. upfront," said Perri. Sutton & Edwards partners with a retail client's internal real estate development department, helping to strategize strat·e·gize v. strat·e·gized, strat·e·giz·ing, strat·e·giz·es v.tr. To plan a strategy for (a business or financial venture, for example). v.intr. market penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular market penetration - the act of entering into or through something; "the penetration of upper management by women" , setting the market and trade areas and. following the process through the acquisition of properties and, if required, the construction of a building. This approach, unique in the brokerage community, effectively extends the reach of a client's in-house staff, allowing them to be more the manager of the process expands their territorial coverage capability and more effectively exploits the staff's company-specific brand and development knowledge. Sutton & Edwards also provides asset management and disposition. The approach taken by Sutton & Edwards has become a necessity for the retail industry as retailers attempt to reduce costs by redeploying their real estate field staffs and expanding the territories of their regional executives, said Perri. "What we're trying to do is become an extension of the development staff of the retailer, maximizing resources, while minimizing costs" said Perri, who joined Sutton & Edwards two years ago. "However, to do this, they need someone out in the field who can deliver." In addition to Sutton & Edward's traditional market of Nassau and Suffolk Counties on Long Island, the retail team also serves New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of City's Outer Boroughs, Westchester County and Fairfield County Fairfield County is the name of three counties in the United States:
Moreover, by working collegially with Sutton & Edwards' brokers who handle office and industrial properties as well as Sutton's property managers, the Sutton & Edwards retail team is part of a steady flow of ideas and information. "It's a wonderful synergy," said Boker, Sutton & Edwards Retail Department Director, who has 30 years of experience working in brokerage, major developers and Rite Aid Rite Aid (NYSE: RAD) is a United States retailer and pharmacy chain, operating over 5,000 stores in 31 states and the District of Columbia. Rite Aid Corporation is one of the nation's leading drugstore chains. Drug Stores. In addition to Perri and Boker, the team includes Tess Marulis-Ballas, a Long Island retail specialist with 10 years experience, and Arnold Wideletz, an 18-year veteran of Manhattan-based Garrick-Aug Associate who covered Long Island. In addition, there are Neil Friedland and Michael Perri (no relation to Phillip Perri), two young guns who are being fast-tracked in Sutton & Edwards "Partners in Success" program. Although in full operation for just a short time, Sutton & Edwards retail division has built up an enviable roster of clients that includes Walgreen's, the drug-store chain; Dunkin Donuts; Advance Auto Parts Founded in 1932, Advance Auto Parts (NYSE: AAP), headquartered in Roanoke, Virginia, is the second-largest retailer of automotive replacement parts and accessories in the United States. AAP had 2005 sales of approx. $4. ; McDonald's Corp., restaurant operator Brinker International; Angel's Franchising Inc., which franchises the Angel's Ice Cream chain; Chock full o'Nuts Chock full o'Nuts was a hugely popular chain of lunch counters in New York City that spawned a brand of coffee. The chain was founded by William Black (1903-1983), a Russian immigrant who sold nuts in Times Square to theatre-goers on the discount ticket line. Coffee's Chock Cafe; Wing Zone restaurants, Camille's Sidewalk Cafe Camille's Sidewalk Cafe is a restaurant franchise headquartered in Tulsa, Oklahoma, specializing in healthful, "fast casual" cuisine. Camille's has approximately 100 locations; the corporation's website reports 900 more in development. and Sally Beauty Supply. Tenant representation, though, is only part of the equation. Sutton & Edwards also operates on behalf of landlords, offering not only brokerage but also property management. The firm also can assist landlords in boosting the cash flow of their shopping centers--and the value of their properties--by positioning or re-positioning assets through knowledgeable leasing, not only with the right tenants, but also the right mix of tenants. "Very few companies are able to provide such total service," said Perri. |
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