The Perfect Match: Market and Center
As part of Von Maur's march beyond its core Heartland markets, in 2008 it opened a 130,000-sq.-ft. anchor store at the 1.1 million-sq.-ft. The Greene Town Center, located in Beavercreek, Ohio, and owned by MPI. That store has become the fashion heartbeat of a vibrant mixed-use destination that was originally built by MPI in 2006, expanded in 2008, and slated to expand again in 2014 with another 40,000 sq. ft. of retail.
"Von Maur has been an outstanding merchant partner at The Greene," said MPI VP of Leasing Jim Davis. "As the only fashion department store that meets the demands of our higher end customers, Von Maur offers our customers an enjoyable and unique shopping experience."
That's what Von Maur does best. Finds viable markets — in this case the Beavercreek/Dayton, Ohio MSA — that are untapped in terms of department-store fashion, and fills the void with unmatched product, service and atmosphere.
At The Greene, which features 760,000 sq. ft. of retail along with about 125,000 sq. ft. of office and 206 residential units, Von Maur is joined by other key tenants The Cheesecake Factory, McCormick & Schmick's, Sephora, Banana Republic, Ann Taylor, Talbots, Old Navy and more — all set among park-like grounds that serve as a fitting backdrop to a retailer that is rapidly gaining national recognition in the department store arena.
The Greene is an excellent example of MPI's urban town center strategy to design a unique mix of shopping, dining, entertainment and leisure experiences. And by adding residential units and office space, MPI brings a captive audience even closer to retail.
For more information on The Greene Town Center and other retail opportunities, visit MPI booth C1714 at RECon 2013. To schedule an appointment, contact Jim Davis, VP of Leasing, at 317.805.4854 or [email protected]. www.mpi-re.com
About MPI
MPI, Mall Properties Inc., is a privately owned real estate firm that has specialized in the development, acquisition and management of commercial real estate for more than 45 years. The close integration of investment and operating capabilities has given MPI a reputation as one of the leading private owners of commercial real estate in the country. The company is headquartered in New York City and owns and manages a diverse portfolio of Retail, Hotel, Office, and Residential properties in 11 states. www.mpi-re.com