FirstShot Centers, LLC (FirstShot) initiated a specialty use concept in 2020 to acquire and repurpose vacant shopping malls and big box stores throughout the United States.
Online shopping is a multi-billion dollar industry that has resulted in a changing landscape for American retail. Empty shopping malls, big box stores and superstores are scattered across America with prices at a fraction of replacement costs. Nationally more than a billion square feet of retail space sits empty, the equivalent of more than 14,000 shopping malls. Stores can be repurposed for a specific targeted industry. Each center can house a variety of national tenants that have been identified.
The concept is to redevelop and repurpose shopping center properties into themed entertainment destination sites where goods and services are not generally available on the internet or in conventional malls.