News: Brokerage

Guitar Center opens 300th location in Naples, FL

Naples, FL Bruce Shepard of TSCG/SCG-Retail has represented Guitar Center since the 90’s with his first location for them in Long Island City. All these years later, Shepard has completed his 75th with one of the world’s top music retailers chain’s 300th store. 

Shepard operates out of TSCG’s Manhattan offices. “Guitar Center has been rocking the retail world for over fifty years,” said Shepard. “I’ve had the privilege of helping GC expand across the United States.”

The Naples location opens on Thursday, a 15,000 s/f location at the Gateway Shoppes, located on US 41 (Tamiami Trail). 

Guitar Center is a leading retailer of musical instruments, lessons, repairs and rentals in the United States. Guitar Center's sister brands include Music & Arts, which operates more than 200 stores specializing in band & orchestral instruments for sale and rental and Musician's Friend, a leading direct marketer of musical instruments in America. 

The Naples store will incorporate Guitar Center’s latest design including a new lessons facility, a rental department, and a hands-on DJ experience. Gateway Shoppes, owned by Benderson Development, is located on one of the West Coast of Florida’s busiest thoroughfares, US 41 at 13585 Tamiami Trail N.

Shepard is an award-winning broker, winning REBNY’s Deal of the Year Award for his work on the 30,000 s/f Guitar Center located at Union Square. Shepard has also done numerous Music and Arts locations for GC including two warehouse/repair centers. 

Shepard also worked closely on the Naples deal with Pedro Vazquez, Guitar Center’s director of Real Estate. The ten-year lease was signed in mid-2022. The official opening date is January 26th, 2023.

“No matter what’s going on in the world,” Shepard said, “music remains vital in people’s lives and Guitar Center is the place America goes to get their instruments. I’m happy to have played a small part in their long-term success.”
 

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced