MILWAUKEE (August 11, 2015) – Mid-America Real Estate - Wisconsin’s Management and Leasing divisions and Speedwagon Properties, new owner of Southport Plaza and Indian Trail Plaza, are ready to implement change and add efficiencies at the two Kenosha, Wisc. shopping centers.
These two neighboring shopping centers, totaling over 612,000 square feet, are located at the intersection of Highway 50 and Green Bay Road in Kenosha, Wisc. Southport Plaza was initially built in 1994 for Target, Kohl’s Department Store and Jewel Foods by Raymond and Associates of Northfield, Ill. Indian Trail Plaza followed in 2006 with Lowe’s Home Improvement Center.
The anchors today include Gordman’s, Bed Bath & Beyond, Cinemark Theaters, Kohl’s Department Store, Hobby Lobby and Lowe’s Home Improvement Center, along with over 40 other retailers and over 10 restaurants. Both shopping centers have a combined occupancy of 90% with available leasing opportunities of freestanding restaurant buildings, small shop retail spaces and junior anchor spaces.
“We are excited about the opportunity to manage and lease these two vibrant centers,” says Jim Vaillancourt, Asset Management Director at Mid-America. “We’ve been successfully providing leasing services at Southport Plaza and Indian Trail Plaza for several years. Now by adding the Asset Management component, we will further enhance our ability to better serve the shopping centers and create value for the new owners.”
Kenosha, Wisc. has recently seen a steady increase in retail development. A 154,000-square-foot Costco Wholesale Club opened in June on 17 acres at the Shoppes of Prairie Ridge development and Meijer’s recently held the grand opening of its Supercenter store on Green Bay Road.
Mid-America Real Estate -Wisconsin LLC is a member of the Oakbrook Terrace, Illinois-based Mid-America Real Estate Group and a ChainLinks affiliate. Mid-America is the Midwest's leading full-service retail real estate organization, specializing in tenant representation, asset management, investment sales and development advisory services. For additional information, call Mid America Real Estate-Wisconsin at (414) 273-4600.
Southport Plaza and Indian Trail Plaza located in Kenosha, Wisc.
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