Commercial Investment Real Estate

MAY-JUN 2014

Commercial Investment Real Estate is the magazine of the CCIM Institute, the leading provider of commercial real estate education. CIRE covers market trends, current developments, and business strategies within the commercial real estate field.

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48 May | June | 2014 Commercial Investment Real Estate Customer Driven J.P. Suarez, senior vice president of real estate and process improvement, Walmart U.S. C CIM C O NNECTI O N S With more than 11,000 global stores that serve 200 million customers a week, Walmart is keenly focused on maximizing the customer experience. "By accelerating our small-format store growth we are giving customers more choices to shop with us from one-stop shopping at a Walmart Supercenter to a full-service grocery of ering at a Walmart Neighborhood Market to a quick trip at a Walmart Express," says J.P. Suarez, senior vice president of real estate and process improvement for Walmart U.S. T e company is also combining brick-and-mortar with ecommerce of erings to meet consumers' rapidly changing expectations. "We currently utilize our physical presence to provide customers with a service called to Site to Store, which gives customers a free shipping option by having the product delivered to their local store." With consumer trends greatly impacting Walmart's real estate needs, CCIM Institute education provides a foundation of knowledge for the company's real estate pros. "T e ability to combine CCIM's education with the fast pace and large volume of Walmart job experiences provides a unique opportunity to accelerate our associates' development. T e CCIM education assists in elevating their understanding of core real estate fundamentals along with providing an excellent opportunity to network with professionals in the industry." For some of the corporation's real estate associates, earning the CCIM designation is part of a long-term professional development plan. "Walmart associates who earn the CCIM designation learn real estate f nancial fundamentals that assist with the multilayered decision- making processes that are involved in Walmart's day-to-day operations," Suarez says. "T e ability for designees to clearly and ef ectively communicate with each other — and across departmental lines — creates ef ciencies and drives out waste, which supports Walmart's mission to save people money so they can live better." 4 8 May May May May May May May May May May May May May May May ay May May Ma May M a M y M y | Ju Ju Ju Ju Ju J u Jun un un un un un n un n J un n Ju n un un n J n J un u J n J n e | e | | e | | e | e | e | e | e | e | | e | e | e | e | e | e | e | e | e | e | e | e | | e | e | e | | e | e | e | | e | | e | e | e | e | e | e | e | e | e | e e 20 20 20 20 20 20 20 0 20 20 20 20 20 20 0 20 20 20 20 20 20 0 20 20 0 2 0 2 0 2 0 20 20 0 20 2 0 20 20 20 0 20 20 20 2 0 20 20 20 20 20 20 2 0 20 20 20 20 20 20 20 0 20 20 20 20 20 20 20 20 0 20 20 20 20 20 20 0 20 20 20 20 20 20 0 20 20 20 20 20 0 20 20 20 20 20 20 0 20 0 20 20 20 20 20 2 0 20 20 20 20 2 0 2 4 14 1 4 14 4 14 14 14 14 1 4 14 14 14 4 14 14 4 14 14 14 14 14 14 1 4 14 4 14 14 14 14 14 4 14 14 14 14 14 1 4 14 4 14 14 14 14 14 14 1 4 14 14 14 1 4 14 4 14 4 1 4 14 4 14 4 1 4 14 1 4 1 4 14 4 1 4 14 1 4 14 14 14 14 4 14 14 14 14 1 4 14 14 14 14 1 4 14 14 14 1 4 14 14 14 14 14 14 14 14 14 14 14 14 14 14 14 14 14 14 4 14 1 4 14 4 14 4 14 14 14 14 14 1 4 14 4 y g rapidl y chan gi ng expectations. "We currently utilize our physical pres e service called to Site to Store, which gives cust o having the product delivered to their local s t With consumer trends greatly impact i CCIM Institute education provides a fo company's real estate pros. "T e abilit y with the fast pace and large volume of W a unique opportunity to accelerate o u CCIM education assists in elevating estate fundamentals alon g with pr o to network with professionals in t he For some of the corporation's re a CCIM designation is part of a lon g- plan. "Walmart associates who earn t h estate f nancial fundamentals that assist making processes that are involved in W Suarez says. "T e abilit y for desi g communicate with each ot he lines — creates ef cien c supports Walma so they ca n 4 8 - C 4 D - C o n n e c t i o n s . i n d d 4 8 48-C4 D-Connections.indd 48 4 / 2 9 / 1 4 3 : 1 4 P M 4/29/14 3:14 PM

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