October 7, 2020
Painted Tree Marketplace Ramps Up Expansion Plans with Ackerman Retail as National Tenant Representative
Ackerman Retail is assisting Painted Tree in selecting locations for store openings in major suburban markets across the country.
ATLANTA, October 7, 2020 – With its retail concept a proven success in several major U.S. markets, Painted Tree Marketplace has selected Ackerman Retail as its exclusive representative to accelerate expansion plans on a national basis, with a focus on the Southeast, Midwest and Southwest. Painted Tree currently operates eight U.S. locations in Arkansas, Georgia, Tennessee and Texas, with additional locations scheduled to open soon.
Brian Lefkoff, Executive Vice President for Ackerman Retail, is leading the national expansion initiative on behalf of Painted Tree, with a target of 10 to 12 new store openings per year. Painted Tree is seeking high-visibility anchor locations in power centers with complementary big-box tenants. Store sizes will range from 30,000 to 50,000 square feet, with a typical footprint of 35,000 square feet.
“We’re excited to expand our relationship with Painted Tree to include nationwide representation as we work as their partner to bring this great retail concept to additional markets across the U.S.,” said Brian Lefkoff.
Corey Gillum, co-owner of Painted Tree, said: “Ackerman Retail has done an excellent job assisting us in our ongoing expansion and we look forward to Brian and his team taking on this national role. We have a number of new locations that we expect to be announcing soon.”
“Ackerman Retail’s experience and expertise with multi-market rollouts will be crucial as we expand nationally. This is an exciting new phase in the growth of our brand,” added Mike Cavallo, co-owner of Painted Tree.
Painted Tree Marketplace is a creative community of hundreds of shops selling everything from jewelry, vintage finds and apparel to bath and body products, furnishings, arts and crafts, and baby gifts. The store emphasizes experiential shopping, offering a variety of workshops and demonstrations for the “DIY” home renovator.
Launched in 2015, Little Rock, Ark.-based Painted Tree brings together a wide mix of small, locally owned shops which custom-design their booths and provide the stock of inventory, while Painted Tree’s staff handle all customer service at the stores.
About Ackerman & Co.
Headquartered in Atlanta, Ackerman & Co. is a privately held, full-service commercial real estate firm focused on providing quality investment, brokerage, management and development services in the Southeast. The company, founded in 1967, retains an expert team of more than 100 real estate professionals. To date, Ackerman & Co. has developed and acquired 37 million square feet of office, medical, industrial, retail and mixed-use space, has 4.5 million square feet under management, and maintains an investment portfolio valued at $1 billion.
Ackerman Retail, a division of Ackerman & Co., offers a best-in-class services platform, delivering solid results for local and multi-market clients across the Southeast. To date, Ackerman Retail has completed more than 10 million square feet of transactions valued at $1.7 billion.
For more information, visit www.ackermanco.com