The Belz Report - Fall 2004

Belz's Retail Centers Continue To Grow

Belz’s retail centers, located throughout Memphis, continue to attract a variety of tenants due to excellent locations and quality space.

"Our retail centers attract businesses from all over the country because they offer the right combination of retail at convenient locations throughout Memphis," said Morris Thomas, vice president and director of brokerage and leasing.

Two of Belz’s retail centers have experienced substantial growth recently. Centennial Crossing has reached 100 percent capacity, thanks in part to its golden location adjacent to the Federal Express World Headquarters and Bill Morris Parkway. The last parcel of land was sold recently to Sportsman's Warehouse.

The 43-acre center, located on the corner of Hacks Cross and Winchester Roads in the fastest growing community in West Tennessee, is home to approximately 430,000 square feet of retail. Anchors include Costco, a wholesale membership club; and Lowe’s, a home improvement center.

Germantown Village Square, located within the prosperous Germantown community just outside of Memphis, has recently undergone changes to offer even more exciting opportunities to the area’s shopping population.

Petco, a nationally-renowned pet store and pet information center, is a must-see for pet lovers visiting Germantown Village Square. The store features an aquatic department, low-cost vaccine clinics, obedience training, pet photography, and both self- and full-service pet grooming. In addition to these services, Petco offers a wide range of animal information and animal accessories, from kennels to costumes.

In May, Valocity™ one of the fastest growing residential appraisal firms in the nation, moved into 26,500 square feet of space at the retail center. The company provides quality appraisals with quick turnaround times through Web-based, paperless solutions that prevent inefficiencies and delays.

With the opening of the Methodist LeBonheur Hospital Outpatient Annex, Germantown Village Square continues to expand its offerings to the community. Located across Poplar Avenue from Germantown Methodist LeBonheur Hospital, the 12,500-square-foot office offers services such as an outpatient pediatric physical therapist, pre-admission work ups, and surgery and radiology scheduling.

For more information about available retail properties, call (901) 260-7300.

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