Urban Retail Properties Appointed Manager of Four Regional Malls

Sept. 15, 2011 - PRLog -- Urban Retail Properties, LLC (www.urbanretail.com) has been awarded the contract by Garrison Investment Group to provide management and leasing services for four regional shopping centers effective immediately.

According to Ross Glickman, Chief Executive Officer of Urban Retail, “We are extremely proud to be working with Garrison Investment Group and to add Chapel Hills Mall, Central Mall, Decatur Mall and Lakeshore Mall to our diverse portfolio of third-party managed and leased properties. We will engage our team’s exceptional leasing capabilities, national tenant relationships and strong management platform to provide the best possible service to Garrison and to the communities these centers serve.”

Chapel Hills Mall is located in Colorado Springs, Colorado, which is home to Pikes Peak, “America’s Mountain,” which has inspired many of the key features throughout the 1.2 million square foot mall. The mall is located conveniently off I-25 at exit 150 and offers over 100 stores, restaurants, a 15-screen theater and six department stores. Home to the United States Air Force Academy and the US Olympic Center, Chapel Hills Mall is Colorado Springs’ favorite shopping and entertainment destination.

Central Mall, is a single-level 486,444 square foot enclosed regional mall located in Salina, Kansas on South 9th Street. Salina is considered the retail hub for the north-central region of Kansas.  Central Mall has three traditional department store anchors: Dillard’s, JCPenney and Sears and also features a 10-screen Showplex Cinemas, Old Navy and over 60 specialty tenants.

Decatur Mall is a single-level 575,923 square foot enclosed regional mall located along the main retail corridor in Decatur, Alabama.  Decatur is home to 18 Fortune 500 companies that provide a solid economic base to the region.  Decatur Mall’s anchors include Belk, Sears and JCPenney Outlet.  Additionally, the center features an eight-screen Regal Cinemas and 50 specialty shops and restaurants.

Located 55 miles northeast of Atlanta in Gainesville, Georgia is Lakeshore Mall, a single-level 517,153 square foot enclosed regional mall. The mall is located on the shores of Lake Lanier, the nation’s most visited recreational lake with over 7 million visitors annually.  Lakeshore Mall has three traditional department store anchors, Belk, Sears and JCPenney and over 50 specialty shops and restaurants.

Urban Retail brings to Garrison Investment Group more than 40 years of industry experience in leasing, management, development, financial accounting and marketing services.  Urban is an expert in the third-party management business having worked closely with over 75 clients in all market sizes over the years.  

Mitch Salmon, Senior Vice President of Retail Assets for Garrison Investment Group adds, “Urban’s extensive history in the third-party management business offers us the benefits of their national management and leasing expertise.  We look forward to working together at all four centers to enhance the retail tenant mix and create strong partnerships within the local communities.”

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Urban Retail Properties, LLC is an independent, privately held company, and has been the developer for more than 75 projects, which include premier, shopping destinations and mixed-use projects. Headquartered in Chicago, IL, Urban has offices in Florida, Massachusetts, Washington DC, Los Angeles, New Jersey and Texas. Urban Retail is also one of the nation’s leading third-party real estate managers with contracts in 25 states.