FOR IMMEDIATE RELEASE
Contact: Keith Britt
Thompson & Co.
or Andrew J. Groveman
Belz·Burrow Acquires Hobby Lobby-Goody's
The mix of Jonesboro, Ark., retail continues to change and expand now that Belz Burrow has acquired the Hobby Lobby-Goody's property from Wal-Mart Properties located at Highland Dr. and Bernard St. in Jonesboro, Ark.
Belz Burrow will develop and improve the property, renamed Bernard Court, for existing tenants and will add an additional 15,000 sq. ft. of shopping space. Two outparcels will also be developed at the Bernard Court location, including one site already leased to Hollywood Video.
The improvements will include an overlay of the parking area, new lighting package upgrade, new storefronts and canopies, as well as new signage. The project is expected to be complete by September 1997.