OVERLAND PARK, Kan., October 15, 2009 — Westchester, Ill.-based Tri-land Properties, Inc. announced today that it has begun construction on the redevelopment of Cherokee South Plaza in Overland Park, Kan. Tri-Land Executive Vice President of Acquisitions Hugh Robinson made the announcement.
“We are excited that construction has officially begun on this great project,” said Robinson. “Cherokee South has been a community resource for years, and we are looking forward to delivering an improved destination with many upgrades and additional retail offerings.“
Tri-Land’s redevelopment of the 118,000-square-foot center includes the complete demolition of one building, the construction of three new buildings and the addition of many new retail tenants. Current tenants include, Hallmark, H&R Block, Paul Mitchell School, and several local and regional retail and service providers. Jimmy John’s Gourmet Sandwiches has also signed a lease. The improved Cherokee South Plaza will include outdoor patios, tree-lined walkways, sidewalk planters and public spaces for neighborhood use.
A 15,000-square-foot stand-alone Walgreens is slated to open later this month.
The project is scheduled for Summer 2010 completion.
Tri-Land Properties, Inc. owns and manages more than 2.8 million square feet of commercial retail space, located in the Midwest, Mid-Atlantic and Southeastern regions of the country. The Westchester, Ill-based firm is a full-service, real estate development/redevelopment company focused on successful acquisition, development, renovation and management of community centers ranging in size from 100,000 square feet to 750,000 square feet. Tri-Land specializes in transforming distressed and undervalued properties into dynamic commercial centers with increased value that generate steady consumer traffic and provide substantial investor returns.