MOUNT VERNON, Ill. (September 11, 2013) – St. Louis-based The Sansone Group and Northbrook, Ill.-based Pine Tree Commercial Realty LLC have announced that Big Lots recently signed a lease for 32,022 square feet of space at Times Square Mall in Mount Vernon, Ill. Pine Tree and Sansone Group own the 269,328 square foot center in partnership with Elgin, Ill.-based Wanxiang America Real Estate Group. “We are excited to continue the leasing momentum at Time Square Mall,” says Mike Pettit, Executive Director of Retail Services for Sansone Group. “And we expect to continue to announce additional new leases in the coming weeks.”
“Big Lots! is anticipated to open here in the first quarter of 2014,” says Mike Pettit. Times Square Mall has been the dominant retail property in the Mount Vernon community since 1974. Mount Vernon Associates, LLC purchased the property in May 2012, and plan to redevelop the center beginning this fall to keep it fresh and appealing to the community and prospective new tenants.
Times Square Mall is located on the southeast corner of Broadway Street (State Route 15) and 42nd Street in Mount Vernon, a regional retail hub about 80 miles east of St. Louis. JCPenney, Dunham Sports, Hobby Lobby and Peebles anchor the center, which is further complemented by national retailers GNC, Maurices, Claire’s, Bath & Body Works, Hallmark, Glik’s, Shoe Sensation, Subway and Wendy’s.
Founded in 1957 by Anthony F. Sansone, Sr., Sansone Group is a nationally recognized St. Louis-based commercial real estate firm that specializes in property and facility management, brokerage, development and redevelopment of retail, industrial, office and residential properties. Currently Sansone Group has over 20 million square feet of property in 12 states. Headquartered in St. Louis, Missouri, Sansone Group has offices in Overland Park, Kansas, Fayetteville, Arkansas, Knoxville, Tennessee, Nashville, Tennessee, West Palm Beach, Florida, Coral Springs, Florida and Miami, Florida. Pine Tree Commercial Realty LLC is a full-service real estate development company based in Northbrook, Ill. Since its founding in 1995, Pine Tree has acquired and developed 64 properties valued over $675 million. The company’s projects are located across the United States.
The Sansone Group: www.sansonegroup.com
Pine Tree Commercial Realty LLC: www.pinetreecommercial.com
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