Saurage Rotenberg Commercial Real Estate
07.11.17Amazon's Whole Foods Deal Will Remake Strip Malls

Article submitted by Sean Marcantel, Sales and Leasing Agent for Saurage Rotenberg Commercial Real Estate

Written by Brian Watson | July 10, 2017

The implications of Amazon’s $13.7-billion Whole Foods Market purchase will go significantly beyond the world of grocery stores, potentially reshaping retail districts in downtowns and suburban shopping areas across America.

Not long ago, the typical American strip mall had a video store, music store and a supermarket. However, Napster and iTunes slayed the neighborhood music store, Blockbuster’s 9,000 video stores were killed by Netflix, and now the local grocery store will get a makeover. It’s a change that will reimagine how we shop and create commercial real estate investment opportunities.

Amazon’s purchase of Whole Foods dramatically changes the $674-billion U.S. grocery market. On the day the deal was announced, competitors across the board -- from Walmart and Costco to Kroger and Sprouts Farmers Market -- lost a combined $22 billion of market value. That loss came because investors expect Amazon to utterly transform the grocery business.

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Sean Marcantel joined Saurage Rotenberg Commercial Real Estate in October of 2016.  He attended Louisiana State University at Eunice (LSUE).  He has been in Business Sales in the Greater Baton Rouge area for over 15 years.  Sean will be pursuing his Certified Commercial Investment Member (CCIM) designation through the Commercial Investment Real Estate Institute.  Sean’s professional memberships include the Greater Baton Rouge Association of REALTORS® Commercial Investment Division (CID) and the Louisiana CCIM Chapter.  Sean’s commitment in the Baton Rouge Community is apparent through his service on the BREC’sPlanning & Parks Resources Committee.  He has been involved in several church, civic, and networking groups throughout his sales career.  Some of the groups include The Baton Rouge Ancient Athletes Society, several Chambers of CommerceBetter Business BureauBusiness Network InternationalSt. Vincent DePaul, as well as Junior Achievement.

Saurage Rotenberg Commercial Real Estate is a member of the Baton Rouge Area Chamber of Commerce (BRAC); the West Baton Rouge Chamber of Commerce; the Baton Rouge Better Business Bureau; the Louisiana Commercial Data Base (LACDB); and the International Council of Shopping Centers (ICSC). Several agents, on an individual basis, are members of the Society of Industrial and Office Realtors® (SIOR), the Certified Commercial Investment Member Institute (CCIM); the National Association of REALTORS® (NAR); and the Greater Baton Rouge Association of REALTORS® Commercial Investment Division (CID).

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H.N. “Hank” Saurage IV, CCIM / Saurage Rotenberg Commercial Real Estate, LLC / Licensed in Louisiana and Mississippi