BOISE, IDAHO |AUGUST 19, 2019|
SiteSeer Technologies, creator of SiteSeer Professional site selection software, is excited to announce its latest partnership with a company in the real estate industry. Wheeler Real Estate Investment Trust has selected SiteSeer to help the company in its leasing, management, and tenant retention efforts.
Wheeler Real Estate Investment Trust acquires, finances, develops, leases, owns and manages income-producing assets, such as strip centers, neighborhood centers, grocery-anchored centers, community centers and freestanding retail properties. The company’s properties in the Mid-Atlantic, Southeast and Midwest regions of the United States are leased by nationally and regionally recognized retailers of consumer goods.
Andrew Franklin, chief operating officer of Wheeler Real Estate Investment Trust, says that SiteSeer will help the company identify top retailers in its markets that will complement its current tenant mix, improve leasing eciencies and yield higher returns per leasing transaction.
“We have used Void Analysis reports in new leasing situations primarily to address vacancies, and we’re excited to use the more robust toolset of SiteSeer in our renewals process and to identify competition risk for our existing tenants, thus impacting our ability to improve rent spreads,” Franklin says. “SiteSeer stood out for several reasons, not the least of which is how easy the reports can be interpreted and used to make informed decisions. We also trust the company. Everyone at SiteSeer Technologies has worked in data analytics for retail and has tremendous experience in information gathering. And SiteSeer uses excellent third-party data providers, so that gave us great condence in the tool’s resources, capabilities and data.”
Sam Lowder, vice president of business development at SiteSeer Technologies says the company is excited to partner with Wheeler. “Wheeler Real Estate Investment Trust is a great example of an organization that has become smarter and more ecient in identifying good retailers for vacant spaces and retaining chains in the centers they already own and manage through the use of Void Analysis Pro,” Lowder says. “Now, as a SiteSeer subscriber, the firm will be able to do even more. We’re looking forward to seeing how Wheeler Real Estate Investment Trust can put SiteSeer to use to boost their analysis.”
Learn more about Wheeler Real Estate Investment Trust at http://www.whlr.us.
ABOUT SITESEER TECHNOLOGIES, LLC
SiteSeer Technologies, LLC, provides a suite of software, professional services, consulting and support for site selection and market analysis. Its flagship Software-as-a-Service, SiteSeer Professional, is a web-based analytics platform that helps businesses make data-driven location decisions through mapping, demographics, custom reporting, analytics, and predictive modeling tools. The SiteSeer Professional product suite also includes a real estate analytics tool (Void Analysis Pro) and a territory management tool (Automated Territory Optimization Model (ATOM)). Learn more at http://www.siteseer.com.
ABOUT WHEELER REAL ESTATE INVESTMENT TRUST , INC.
Headquartered in Virginia Beach, VA, Wheeler Real Estate Investment Trust, Inc. is a fully integrated, self-managed commercial real estate investment company focused on owning and operating income-producing retail properties with a primary focus on grocery-anchored centers. Wheeler’s portfolio contains well-located, potentially dominant retail properties in secondary and tertiary markets that generate attractive, risk-adjusted returns, with a particular emphasis on grocery-anchored retail centers. Learn more at http://www.whlr.us.