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Firm Seeking Shop Centers

April 24, 1988

Are shoppers moving from malls back to community shopping centers?

Schurgin Development Cos., Los Angeles, thinks so and, with $60 million, is out shopping for existing, underperforming centers.

Mark Alan Fluent, manager/retail property acquisitions, says that many shoppers feel that it is getting more difficult to shop at large malls and this is driving them back to community shopping centers.

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