Shopping Centers Today

AUG 2015

Shopping Centers Today is the news magazine of the International Council of Shopping Centers (ICSC)

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"We're probably looking right now for 20 more locations over the next three years," said David Friedman, a vice president in the San Francisco office of real estate firm RKF. (Friedman represents Round One in its U.S. real estate activi- ties.) The company already operates fa- cilities at five U.S. shopping centers and is set to open five more by the end of this year, with negotiations under way for an additional eight next year. The company seeks spaces in regional and super-regional malls. The facilities, which Friedman says fit in well with neighboring retail or entertainment tenants, operate from late morning until 2 a.m. daily. "We love movie theaters — we believe it's a similar customer," Friedman said. A typical Round One space measures about 50,000 square feet, though some are as large as 80,000 square feet, and the bowling lanes generally take up as much as 25 percent. Only about 20 percent of Round One sales come OUnD One enTeRTAinmenT is looking to capitalize on the demand for more fun at U.S. shopping centers. The Sakai, Japan–based company, which provides billiards, bowling, darts, dining, karaoke and other such activities in large, fam- ily-friendly venues, is pursuing a multistate expansion. from the food-and-beverage offers, which may point to the company's fo- cus on entertainment and an all-ages clientele. "This is not a bar scene at all," Friedman said. "This is a family- friendly entertainment center." Round One was established in Ja- pan in 1980 and began expanding to the U.S. in 2009, according to the company. "The multi-entertainment concept has helped target a wide variety of customers, from families to young adults, and even corporate gatherings," said Shane Kaji, director of business development at Round One's U.S. sub- sidiary. "it has been received very well in the U.S." Today the company has facilities at the Lakewood (Calif.) Center mall; moreno Valley (Calif.) mall; Parks at Arlington (Texas); Puente Hills mall, R A ball at the mall Round one believes that centeRs need a lot moRe family enteRtainment By Matt Hudgins R e t a i l i n g t o d a y 34 S C t / a u g u s t 2 0 1 5

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