MT. Pleasant Retail Center

Commercial

Mt. Pleasant Retail Center

HWY 31 & HWY 11 – Mount Pleasant, WI

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2010 Year Acquired

32,000 SF Commercial Space

Sold Status

Grocery Anchored Shopping Center

In 2010, General Capital acquired Mt. Pleasant’s municipal campus at one of the busiest intersections of Racine County. A new grocery anchored shopping center has been built on the site. Project team included Schroeder Holt Architects, Kapur & Associates, Kraus Anderson Construction, CBRE and Associated Bank. By carefully orchestrating a complicated series of events outside normal sequence, we were able to accommodate continued Village occupancy until Spring 2011, while delivering a store to Pick N Save for a September 12 2011 grand opening. The shopping center will house a number of national retailers, including Red Lobster, Texas Roadhouse, US Cellular, Aspen Dental and Mattress Firm.

KEY THEMES

• Grocery-anchored retail development created a substantial neighborhood-serving commercial destination in Mount Pleasant
• Strategic location near Highways 31 and 11 provided strong accessibility within the growing Racine County market
• Large-format grocery space combined with complementary retail shops to support a diverse mix of everyday consumer needs
• Integrated site planning established a convenient shopping environment designed around visibility, access, and complementary commercial uses
• Development strengthened General Capital's portfolio of grocery-anchored and neighborhood retail projects throughout southeastern Wisconsin

RESULTS

• Successfully delivered a 93,000 SF grocery-anchored retail development in Mount Pleasant
• Combined a large-format Pick 'n Save grocery store with complementary retail shops within a unified commercial center
• Established a neighborhood-serving retail destination with convenient access to the Highway 31 and Highway 11 corridors
• Expanded retail offerings within the Mount Pleasant market through a substantial multi-tenant commercial development
• Completed the project's investment lifecycle through the successful disposition of the retail asset

 

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