What Poag Shopping Centers does

Poag Shopping Centers is a privately held boutique retail real estate firm headquartered in Memphis, Tennessee, founded in 1984 and co-founded by Terry McEwen and Dan Poag, who serves as Chairman. The company specializes in the management, marketing, operations, redevelopment, and selective development of open-air shopping centers, malls, and mixed-use destinations. Poag is recognized as the pioneer of the Lifestyle Center format in retail real estate, a category the firm is credited with creating and popularizing over more than 40 years.

The firm's current managed portfolio includes The Shops at Somerset Square in Glastonbury, Connecticut; Oak Court Mall in Memphis, Tennessee; and RiverTown Crossings in Grandville, Michigan. Poag is also developing Avenue One, a mixed-use destination under construction along the Dodge Expressway in West Omaha, Nebraska, where it signed L.L.Bean as a 15,000 square foot anchor tenant in May 2026. Past development projects span Connecticut, Illinois, Pennsylvania, Colorado, and California. In April 2026 the company rebranded from Poag Development Group back to its legacy name Poag Shopping Centers, reflecting an expanded full-service platform.

Poag serves three primary client segments: institutional property owners and investors (including REITs) seeking professional management for retail assets; municipalities seeking economic development through destination retail; and retail tenants, ranging from national brands to emerging and local merchants, leasing space within Poag-managed properties. Revenue is generated through full-service property management contracts, with income derived from management fees, leasing commissions, and redevelopment/development services. Pricing is negotiated on a per-contract B2B basis. The firm employs 11-50 people, does not disclose revenue, and shows no evidence of proprietary technology, AI/ML capabilities, or external funding. Marketing is conducted primarily through a content-driven website, trade publication coverage (notably Chain Store Age), and direct relationship-based sales to investors and municipalities.

Name

Poag Shopping Centers

Legal name

Poag Shopping Centers

Website

https://poagllc.com

Company type

Private

Founded year

1984

Operating status

Operating

Headcount range

11–50 employees

Short description

Poag Shopping Centers is a Memphis-based, privately held boutique retail real estate firm founded in 1984 that manages open-air shopping centers, malls, and mixed-use destinations for institutional investors, municipalities, and retail tenants across multiple U.S. states.

Ownership category

akta.pro rank

Product category

Retail Real Estate Management

akta.pro primary industry

Promotions, Shopper & Retail Marketing (Sales Promotion, POS) (BPAFAAAO)

Keywords

• Retail real estate management
• Open-air shopping centers
• Mixed-use development
• Property management services
• Commercial real estate

Headquarters

HQ city

Memphis

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Supply Chain, Others

Revenue model

1. Property Management Services: Poag Shopping Centers generates revenue through full-service property management contracts for open-air shopping centers, malls, and mixed-use destinations. Revenue is derived from management fees, leasing commissions, and potentially redevelopment/development services for owned and managed properties.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Poag Shopping Centers is a boutique retail real estate firm providing full-service management, marketing, operations, merchandising strategy, redevelopment, and selective development of open-air shopping centers, malls, and mixed-use destinations. The company works on behalf of property owners, institutional investors, REITs, and municipalities to operate and enhance retail real estate assets across multiple U.S. states.

Product overview

Poag Shopping Centers operates as a boutique retail real estate company offering a unified platform for managing, marketing, operating, redeveloping, and selectively developing open-air shopping centers, malls, and mixed-use destinations. The portfolio includes actively managed properties (Avenue One, The Shops at Somerset Square, Oak Court Mall, RiverTown Crossings) as well as past development projects (Deer Park Town Center, The Promenade Shops at Evergreen Walk, The Promenade Shops at Saucon Valley, The Promenade Shops at Briargate, The Promenade Shops at Orchard Valley). The company was the pioneer of the Lifestyle Center format and focuses on hands-on property management with strategic merchandising and community-centered placemaking.

Differentiator

Problem solved

Functional benefit

Products and services

• Property Management Services Full-service management of open-air shopping centers, malls, and mixed-use destinations on behalf of property owners, institutional investors, REITs, and municipalities. Includes day-to-day operations, tenant coordination, and operational excellence.
• Leasing Services Tenant recruitment and leasing for managed retail properties, blending national brands with emerging and local retailers to create destinations reflecting each community's culture.
• Strategic Merchandising Services Merchandising strategy and tenant mix curation for retail properties to maximize asset value, attract guests seeking connection and convenience, and support tenant visibility.
• Marketing Services Property-level marketing services for managed retail centers, supporting tenant visibility and community engagement.
• Redevelopment Services Redevelopment planning and execution for existing retail properties to enhance asset value, refresh tenant mix, and reposition destinations.
• Selective Development Services Selective ground-up development of new open-air and mixed-use retail destinations for owners and municipalities, such as Avenue One in West Omaha, Nebraska.

Named customers4 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• L.L.BeancoreStrategic or Co-development Partner · 14 May 2026L.L.Bean signed a 15,000 square foot lease at Avenue One, the mixed-use destination under construction along the Dodge Expressway in West Omaha. This represents a significant anchor tenant partnership for the development project, bringing iconic outdoor lifestyle retail to the destination.

Scale indicators3 records

Recent moves5 records

Expansion highlights3 records

Direct peers

• Regency Centers: Public REIT focused on grocery-anchored open-air shopping centers; comparable to Poag's open-air retail focus and tenant-merchandising strategy, though at vastly greater scale.
• CBL & Associates: Mall and open-air retail operator comparable to Poag's mall management (Oak Court Mall) and open-air portfolio focus.
• Federal Realty Investment Trust: REIT specializing in open-air, mixed-use, and lifestyle shopping centers — directly comparable to Poag's Lifestyle Center heritage and placemaking approach.
• Kimco Realty: Large open-air shopping center owner with active redevelopment and merchandising operations, comparable to Poag's full-service management and redevelopment capabilities.
• Brixmor Property Group: Owner/operator of open-air shopping centers with active leasing and merchandising programs, overlapping Poag's core service lines at larger portfolio scale.
• Phillips Edison & Company: Net-lease REIT focused on neighborhood and grocery-anchored shopping centers; comparable to Poag's tenant-mix and merchandising strategy in open-air retail.

Broad incumbents

• Simon Property Group: Largest U.S. retail REIT operating malls, premium outlets, and mixed-use destinations; a broad incumbent overlapping with Poag's mall and mixed-use services.
• Macerich: Major REIT operating regional malls and lifestyle centers; broadly comparable given Poag's mall and lifestyle center management, but at much larger scale.
• CBRE Group: Global commercial real estate services firm offering property management, leasing, and investment sales; an incumbent comparable to Poag's full-service property management offerings.
• JLL (Jones Lang LaSalle): Global real estate services firm with property management and retail leasing practices that compete for the same institutional and municipal mandates as Poag.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks4 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Poag Shopping Centers