Shopping Center Business

MAY 2016

Shopping Center Business is the leading monthly business magazine for the retail real estate industry.

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INDIANA RETAIL 288 • SHOPPING CENTER BUSINESS • May 2016 open its 18th location on the north side. New development on the south side of Jeffersonville Town Center has been slower coming, but several stores are in the works that will level the playing field with its counterpart to the north. "One thing that is extremely unique, especially for a project that went through the recession, is that this project has a significant amount of infrastructure in place," says Ryan Pennington, principal and CEO with 7D Commercial Real Es- tate. The company has provided broker- age and leasing services for the project since its onset. "It is largely by choice that there is limited development on the south side because we realize that the infrastructure is there and it is very valuable. Instead of grabbing the first deals we can find, we're trying to find the best cohesive uses." Currently located on the south side of Veterans Parkway is a 24,000-square-foot, multi-tenant building that boasts retailers such as Sherwin Williams, German Amer- ican bank, AT&T and Heine Brothers' Coffee. "We feel like Jeffersonville Town Cen- ter will be as strong of a mix as you can find anywhere in the Louisville metro area, and the project size at 153 acres is really bigger than anything else you're going to find," says Pennington. "It will have smaller, more quaint pieces of it that will have some really nice restaurants," he added. The presence of these boutique restau- rants is already starting to take shape with the delivery of Wild Eggs, The Comfy Cow and Boombozz Pizza & Taphouse. "We have some huge restaurant vol- umes that exist in the market and every time we open a new restaurant it turns out to be one of the top performers in the entire chain," says Pennington. Jeffersonville Town Center in Jeffersonville is seeing expansion with a second phase being added. ARHAUS FURNITURE DEL AMO FASHION CENTER TORRANCE, CA PEOPLE / PLACES / POSSIBILITIES ARHAUS FURNITURE KIERLAND COMMONS SCOTTSDALE, AZ 216.752.4300

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