Glendale Market
2005Year Acquired |
74,525 SFCommercial Space |
Prairie-Inspired Design for a Pick ’n Save Anchored Center and Boutique Shops
Over a period of three years, General Capital (with partner Bill La Macchia) coordinated the assemblage of several key properties to build The Glendale Market, a Pick ‘n Save anchored boutique shopping center located at Green Tree & Port Washington roads. Design-build contractor (MSI General) and construction manager (The Hoff Group) played key roles in this project.
Current tenants include Stone Creek Coffee, Jimmy John’s, Samurai (Japanese restaurant), Aurora Pharmacy, and Dr. Dawg (hot dog themed restaurant).
The shopping center has a particularly modern feel recognizing the City’s desire to reinforce the street with a building on the hard corner. Prairie-style influences are seen in the building’s long horizontal forms and use of natural materials, while building details are “high-tech” including corner windows and aluminum canopies. The result is a well balanced design that seamlessly integrates buildings and landscaping.
To recoup the extraordinary cost of demolition and environmental remediation, General Capital worked with the City of Glendale to form one of Wisconsin’s first Environmental Remediation TIF Districts (ERTIF), a unique tax incremental financing vehicle that did not impact the City’s maximum allowable TIF valuation.
KEY THEMES
- Premier grocery-anchored neighborhood shopping center serves Glendale with a diverse mix of retail, restaurant, healthcare, and service businesses
- Strategic location along the I-43 corridor provides exceptional visibility, accessibility, and regional customer reach
- Long-term ownership and proactive leasing have created a stable, high-performing commercial destination anchored by Pick 'n Save
- Diverse tenant mix supports daily shopping, dining, wellness, and personal service needs within a vibrant neighborhood center
- Active asset management continues to strengthen tenant relationships while supporting long-term value creation and community investment
RESULTS
- Successfully operates a 74,525 SF grocery-anchored retail center serving the Glendale community
- Maintained full occupancy through a stable tenant mix anchored by Pick 'n Save and complemented by national and local businesses
- Executed seven new leases and five lease extensions, demonstrating continued leasing momentum and tenant demand
- Retained six original anchor tenants since the center's opening while generating strong operating performance and investor distributions
- Provides outstanding regional visibility with exposure to approximately 92,700 vehicles per day along Interstate 43
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