Retail Tenants Line Up to Join New Complexes
by Wal-Mart is the hot new draw helping to fill shopping centers quickly in the Dayton area.
While some centers are having trouble finding retail tenants, RG Properties Inc. is doing land-office business next to the Wal-Mart stores it is building. Likewise, Anchor Properties is signing tenants for Lyons Crossing on Springboro Pike, a spokesman said. Wal-Mart will anchor that new center at Lyons Road in Miami Twp.
Wal-Mart is preparing to open three large Wal-Mart general merchandise stores in the metropolitan area this spring: two in March or April, the other around June. Wal-Mart officials decline to be more specific.
Developer Randy Gunlock, president of RG Properties, said Sugarcreek Plaza II on Wilmington Pike near Bellbrook and Centerville is nearly filled about a month before its 114,000-square-foot Wal-Mart is to open.
The new shopping center, across from Cub Foods, will have at least two restaurants including a Taco Bell, already built, and a Frisch’s Coffee Shop, Gunlock said.
Retail tenants will include: Warehouse Paint, El-Bee Shoes, Radio Shack, Fashion Bug, Fashion Bug Plus and Fashion Bug for Children. There also will be a Hallmark Cards shop and a dry cleaners. The shops will open in mid-April.
“We only have 10,000 square feet left to lease,” said Gunlock. “That’s probably another three or four stores.”
He said plans are being drawn to build another 25,000 square feet of retail space. Sugarcreek II also has more space near Wilmington Pike for offices or restaurants.
Sugarcreek Plaza I, which includes Cub Foods and Drug Emporium, opened two years ago and still has a lot of empty space, as does Cross Pointe Center a few miles to the west in Centerville.
Gunlock also is building a Wal-Mart store on Troy Pike (Ohio 202), north of Interstate 70 in Huber Heights. It is due to open around June.
For the new Huber Heights shopping center next to Wal-Mart, Gunlock has signed leases for a Sears Paint and Hardware, a City Mattress, and a MC Sporting Goods store. The center is across Troy Pike from the just-announced Northpark Mall being built by Beerman Realty.
Steve Hemberger of Anchor Properties, Cincinnati, said his company likewise is having success attracting tenants to the shopping center next to the Wal-Mart store it has erected on Springboro Pike at Lyons Road south of the Dayton Mall.
The Wal-Mart was recently turned over to the retailer and will open in a few weeks.
Scheduled to open March 9, in Anchor’s new center, Lyon’s Crossing, is a sporting goods store, All About Sports. Others businesses will include shoe stores, an electronics retailer, a packaging store and two restaurants, Hemburger said.
Liked it
