1999, Volume 2PAGE 3
BelzBurrow Continues Strong
Retail Growth in Arkansas-Missouri Submarket
Specializing in single-tenant, build-to-suit developments for big-box retailers such as Wal-Mart, Lowe's and J.C. Penney, BelzBurrow has carved a strong presence into Belz Enterprises' Arkansas-Missouri submarket.
The division's latest development will give rise to the largest Wal-Mart Supercenter ever constructed in Arkansas. Under construction in Jacksonville, Arkansas, Wal-Mart will be the anchor store of the Jacksonville Commons, a 125,000-square-foot center located at the high-traffic intersection of Vandenberg Boulevard and Highway 67.
Situated less than 20 minutes northeast of Little Rock, more than 106,000 people live within 10 miles of the shopping center, and have an average annual income of almost $44,000.
Another BelzBurrow development recently completed is the South Pointe Center in Sikeston, Missouri.
Located one mile from the junction of Interstates 55 and 57, South Pointe Center is the Missouri Bootheel's new retail powerhouse. Anchored by Goody's, GNC, Hibbett's Sporting Goods and J.C. Penney, the center offers 85,000 square feet of leasable space, and is adjacent to a Wal-Mart Supercenter. An additional 60,000 square feet of retail space is planned.
Founded in 1990 as a division of Belz Enterprises, BelzBurrow couples the power of the region's largest real estate developer, Belz Enterprises, with the extensive retail experience of Arkansas developer Bruce Burrow. BelzBurrow currently holds 13 retail properties in Jonesboro, Blytheville, Cabot, Jacksonville and Paragould, Arkansas, and one in Sikeston, Missouri.