HomeMy WebLinkAbout4.b. Retail UpdateEXECUTIVE SUMMARY
Port Authority Meeting Date: May 16, 2017
AGENDA ITEM: Retail Update AGENDA SECTION:
Old Business
PREPARED BY: Kim Lindquist, Deputy Director AGENDA NO. 4.b.
ATTACHMENTS: Vacancy List APPROVED BY: LJM
RECOMMENDED ACTION: Information only.
ISSUE
Staff has updated the retail vacancy rates; this listing represents the vacancy rate going at the end of the
year. There has been little movement in the overall rate; it is presently 5% which it was in the later part of
2016. The vacancy location has changed with MGM leaving the community. That portion of Celtic
Crossing has a 50% vacancy with another 2600 square feet vacant in the other section of the mall. The
other vacancies are similar to what was documented in 2016.
RECOMMENDATION
Information only.
COMMERCIAL SPACE - May 2017
SPACE Square Feet CURRENT TENANTS Address MANAGEMENT COMPANY CONTACT NAME MGMT COMPANY ADDRESS MGMT COMPANY ADDRESS 2 PHONE EMAIL
Rosemount Village Shopping Center 70,716 Cub Foods 3784
Kraus-Anderson Realty
Company Dan Mossey 4210 W. Old Shakopee Road Bloomington, MN 55437-2951 952-948-93687 dmossey@karealty.com
3792 (4/26/17)
Total Square Feet 89,941
Total Available Square Feet 0
3808
Percentage Vacant 0%
3816
3836
3852
3860
7,560 Cub Liquor
1,500 Greenleaf Tobacco
1,320 GNC
1,540 Verizon Wireless
4,280 Chuck & Don's Pet Food
1,450 Little Caesars
1,615 Caribou Coffee 3868
Rosemount Crossing
15,495 ALDI's 14995 Mid America Group
Charlie Hexum 5353 Wayzata Boulevard, Suite 650 Minneapolis, MN 55416 952-563-6605 chexum@midamericagrp.com14845
(4/26/17)
Total Square Feet 48,635
14885
Total Available Square Feet 3,415
14897
Percentage Vacant 7%
14903
14873
16863-67
14895
14871
14855
14879
14875
6,367 Rudy's Redeye Grill
1,570 Sprint
1,167 Eddie Cheng's
1,977 Starbucks Coffee
1,421 Fantastic Sams
4,491 Crystal's Cuddle Bugs
1,444 Park Dental Rosemount
1,421 Orchid Nails and Spa
5,481 SNAP Fitness
2,965 USA Karate & Platinum Yoga
1,944 VACANT
1,471 VACANT
1,421 Crystal's Cuddle Bugs 16869
Chippendale Center 6,040 O'Reilly 15070 Mid America Group Mark Robinson 5353 Wayzata Boulevard, Suite 650 Minneapolis, MN 55416 952-563-6664 mrobinson@midamericagrp.com
1,300 O'Reilly 15084 (4/26/17)
Total Square Feet 10,295 1,655 Giuseppes 15090
Total Available Square Feet 0
Percentage Vacant 0%
Rosemount Market Square 19,286 The Pond 3400 Mid America Group Mark Robinson 5353 Wayzata Boulevard, Suite 650 Minneapolis, MN 55416 952-563-6664 mrobinson@midamericagrp.com
6,410 Fireside Restaurant 3410 (4/26/17)
Total Square Feet 47,535 1,280 House of Curry 3420 #119
Total Available Square Feet 0 1,280 Cricket 3420
Percentage Vacant 0%8,115 The Dollar Tree 3420
1,280 USA Nails 3420 #101
1,280 Lavin Lacrosse 3420
540 Outfit Tailor 3420 #105
1,344 H & R Block 3420 #115
6720 Rosemount Liquors & Wine Cellar 3440
Celtic Crossing 15083 Market Place Commercial Eddie Rymer 4911 Learning Lane Red Wing, MN 55066 651-226-7835 eddie@marketplacecommercial.com
15075
Total Square Feet (Building 1)16,648 15067
Total Available Square Feet 2,624 15059
Percentage Vacant 15%15051
15071
7,011 Rosemount Eye Clinic
1,789 Subway
1,370 Scott Chiropractic
1,384 VACANT
2,478 Los Tortillas
1,376 Impress Nails
1,240 VACANT 15063
Total Square Feet (Building 2) 17,267
VACANT 15047
Total Available Square Feet 8,691 15043
Percentage Vacant 50%
Papa Murphy's Pizza
Nivala Salon
Lakes Tailor & Cleaners
15039
15035
15031Summit Dental
1730 Suzie's Kitchen 15023
Rosemount Village Center 1,750 Great Clips 15096 Upland Real Estate Group Zachary Stensland 50 South 6th Street Minneapolis, MN 55402 (612) 436-0745 zach@upland.com
1,422 Get in Shape for Women 15094 (4/26/2017)
Total Square Feet 13,324 1,422 Fuji Grill & Sushi Bar 15092
Total Available Square Feet 0 1,074 Pizza Hut (15090)15090
1,069
Updated 4/11/16
G:\Business Retention Program\Available Retail Space
PART OF 14885
8,691
1,281
1,644
2,852
COMMERCIAL SPACE - 2/15/15
SPACE Square Feet CURRENT TENANTS Address MANAGEMENT COMPANY CONTACT NAME MGMT COMPANY ADDRESS MGMT COMPANY ADDRESS 2 PHONE EMAILUpdated 4/11/16
Percentage Vacant 0%1,680 Jimmy Johns 15088
1,382 Legacy Games 15086
1,422 Lili Nails 15084
1,750 China Wok 15082
Waterford Commons Stonebridge Companies Kristin Davison 2930 146th St W Rosemount, MN 55068 (651) 322-1117 waterfordleasing@stonebridgecommunities.com
724 Ten Tiny Toes (Feb 2015) Ste 116 4/26/2017
Total Square Feet 14,497 1,222 Church on a Hill Ste 101
Total Available Square Feet 0 2,031 The Lorenz Clinic of Family Psychologists Ste 114
Percentage Vacant 0%390 Salon 104 Ste 104
1,050 Summerfield Financial Ste 112
Ste 105
Ste 108
585 Velocity/Gigabit MN
2,650 Quilter's Haven
1,273 Quilter's Haven Ste 107
Ste 111665 Style Niche Boutique
1,823 HealthPro Chiropractic Ste 110
811 Everett & Vanderwiel ste 115
South Robert Square 9,102 The Clubhouse Preschool & Daycare Dr. Kurt Walter-Hansen 12101 Dodd Blvd.Rosemount, MN 55068
2,423 The Clubhouse Preschool & Daycare
Total Square Feet 16,417 1,736 Simply Massage
Total Available Square Feet 1,545 1,611 Orthodontic Care Specialists
Percentage Vacant 9%1,545 VACANT
Total Square Feet 274,559
Total Vacant Square Feet 16,275
Percentage Vacant 5%
G:\Business Retention Program\Available Retail Space
kurtwh@gmail.com