LEASED: 2747 Milwaukee Rd

Beloit wings fans, rejoice! Our sales associate Mandy Witt, representing the landlord, has brokered a 10-year lease with Buffalo Wild Wings in Beloit. Adam Dreier of Mid-America Real Estate represented the tenant.

#FeaturedListingFriday - 1810 Sutler Ave

Retail/Office Space for Lease - 1810 Sutler Ave, Beloit, WI

Space available from 980 SF to 4,500 SF in Beloit's Morgan Square shopping center located on the Milwaukee Rd corridor. Visible from both Milwaukee Rd and Cranston Rd with a traffic count of 17,100 VPD on Cranston. Co-tenants include Dollar Tree, GNC, Sherwin Williams, Concordia University, Allstate, and Rogan Shoes. Great setting with lots of retailers and restaurants close by!

Click here for more information.

THE AMERICAN MALL – A DYING BREED?

Everywhere I look I see headlines proclaiming that malls are “out.” CBS News reports, a dying breed: The American shopping mall, Business Insider reads, America’s Shopping Malls Are Dying a Slow, Ugly Death, Bloomberg says, Malled: The Hollowing Out of an American Institution and the New Yorker delivers, Goodbye, Malls of America, Are Malls Over? These headlines are alarming especially considering the recent news of the Janesville Mall JC Penney store closing and the Diamond Center relocation. What headline will appear next in our local newspaper? Luckily it’s all been good so far.

Beauty is as Beauty Does

Curb appeal. Most of us have sold a house in our life time and know full well the importance of appearance from street level. After all, a home purchase is largely an emotional one. So what about commercial real estate? How important is appearance in a decision process driven largely by bottom line considerations?

We’ve got good news and not so good news. Which do you want first?

Author Randyl Drummer at Costar in his article “Déjà vu All Over Again? CRE Whipsaws Up and Down in Face of Economic Uncertainty” delivers the good news first followed by disappointing outlooks from the private sector.

Our own experience kind of echoes the whipsaw reference you will see in Drummer’s story. We saw a strong first quarter with big announcements about future medical projects, the opening of the new St. Mary’s hospital at the tail end of 2011 and strong absorption of vacant industrial space. Then things went kind of quiet and now at the end of the 3^rd quarter we are seeing retail beginning to pick up a bit. One national chain has committed to Beloit and several are giving Janesville a hard look.

On the housing front, a check in with my colleague Randy Borman at Century 21 delivered some surprising good news to those of us who dwell in the commercial real estate orbit. Home sales are up along with values. Now that is good news!

Please click here for the full article.