| SALISBURY, MD, AUGUST 2023- Matthew Trader of Rinnier Development Company recently closed a deal to bring national tenant, Jake's Wayback Burgers, to Delmar, DE. The popular burger restaurant will occupy the north endcap space of the Delmar Square Shopping Center. Jake's is set to open sometime in the next few months. This is one of many deals that Trader has been working to bring to his hometown of Delmar. Trader comments, "I always push hard to bring new businesses to my hometown (Delmar). I want to see the town flourish and grow the right way. I'll be blunt, Delmar's biggest issue is that they have focused too much on residential growth and not enough on bringing in new businesses. That has put way too much pressure on local infrastructure while simultaneously losing jobs and tax revenue to surrounding towns. You focus on creating jobs, then you build more homes. That's basic economics 101. Don't get me wrong, I recognize you have to build the population in order to attract new businesses, but you want to make sure you're creating the right demographics in the process. Especially when you are trying to maintain the fundamentals and history that Delmar was built on. Growth is important, but you have to find the right balance between local and national tenants. Bringing in a national tenant like Wayback Burgers is great for the town because it creates retail gravity. Major tenants begin to feel more comfortable about coming into an area when they see others there. In my opinion, Delmar is well positioned to attract new businesses, if they want them and are willing fight for them. There is no reason they should lose deals, and the jobs that come with them, to other towns like they have in the past". Matthew Trader specializes in the sale and leasing of Commercial properties. To contact Matthew, please call 443-614-4297, or email mtrader@rinnier.com. |
