www.charlescountymd.gov

Charles County, Maryland

Economic Development Department Attends Global Retail Real Estate Convention

For Immediate Release
2018-130
Friday, June 1, 2018 - 3:55pm

Economic Development Department Attends Global Retail Real Estate Convention

The Charles County Economic Development Department participated in the International Council of Shopping Centers RECon, a Global Retail Real Estate Convention, on May 20-23 in Las Vegas, Nevada. The event had more than 37,000 attendees and 1,200 exhibitors, including shopping center owners and developers, real estate brokers, property management companies, retailers, market researchers, finance and lending institutions, and the public sector/municipalities.
 
“What we learned from the convention is that we need more sophisticated data analytics to help us better understand and determine which retailers are a good fit for Charles County,” said Economic Development Department Director Darrell Brown. “That information will help put the county in a more competitive position to better advise property owners, developers, and commercial real estate brokers.”  
 
The Charles County Economic Development Department’s five-year strategic plan explores what is desirable and feasible in attracting new businesses to the county. With high median household incomes, county residents are interested in more diversity in local retail and additional upscale choices.  Charles County’s population and density is not consistent with some of the retailers’ criteria.  
 
Brown said, “By understanding the specifics of what retailers are seeking from new market locations, we can accomplish three things:  1) determine what makes the county attractive to retailers, 2) identify why businesses would come to Charles County, and 3) learn what we must do in order to attract others.”
 
“We’re working with developers, property owners, brokers, and consultants to attract retailers to new development and existing vacancies in the county,” said Redevelopment Manager Taylor Yewell. “This was an important trip for us that included an opportunity to network with top retailers and developers, as well as support our local brokers and mall developers.”
 
During the convention, the Economic Development Department team met with the following Charles County business representatives to discuss retail attraction and retention, as well as future development opportunities:
 
Property Management 
Combined Properties, Charles County Plaza
Phillips Edison & Company, La Plata Plaza, Rosewick Crosssing
Madison Marquette, The Shops at Waldorf Center
Saul Centers Inc., Smallwood Village Center
Simon Property Group, St. Charles Towne Center
Rappaport Companies, Waldorf Marketplace
 
Commercial Brokers
 
Retail Market Analysis/ Research 
Buxton
CoStar
 
Commercial Developer 
 
Public Sector/Municipalities
 
For additional information about retail development in Charles County, visit www.MeetCharlesCounty.com/retail-development.  
 
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About Charles County Government
The mission of Charles County Government is to provide our citizens the highest quality service possible in a timely, efficient and courteous manner. To achieve this goal, our government must be operated in an open and accessible atmosphere, be based on comprehensive long- and short-term planning and have an appropriate managerial organization tempered by fiscal responsibility. We support and encourage efforts to grow a diverse workplace. Charles County is a place where all people thrive, and businesses grow and prosper; where the preservation of our heritage and environment is paramount; where government services to its citizens are provided at the highest level of excellence; and where the quality of life is the best in the nation.
 
It is the policy of Charles County to provide equal employment opportunity to all persons regardless of race, color, sex, age, national origin, religious or political affiliation or opinion, disability, marital status, sexual orientation, genetic information, gender identity or expression, or any other status protected by law.