Elite Printing & Packaging moves to Hazelwood TradePort

Elite Printing & Packaging is making plans to relocate to Hazelwood TradePort, a new construction space being built by Brinkmann Constructors at 1601 TradePort Dr. in Hazelwood, Mo.

The move will be an upgrade for the one-stop packaging solutions provider, who is currently located in Wentzville, Mo. The NorthPoint Development warehouse will not only be larger at 124,952-SF, but also more centrally-located —two criteria the owners are in need of.

Timothy C. Convy, CPM and Brian G. Kelley with Avison Young | St. Louis exclusively represented the tenant, Elite Printing & Packaging.

“They made one of the most important decisions in our companies history go smoothly from start to finish. We are very appreciative of Tim and Brian from Avison Young for their guidance, ethics and integrity. We would highly recommend them for all of your companies commercial needs," said Elite Printing & Packaging president, Michael Sloan.

Elite Printing and Packaging has over forty years combined experience in the printing and packaging industry, with an emphasis on the sports nutrition/beauty, pet and health industries.

“We are pleased to provide Elite Printing & Packaging a fantastic solution for their real estate needs. Even with the challenges presented in the St. Louis market, we were able to come to favorable terms with NorthPoint Development to create a dynamic opportunity for our client," said Kelley.

About Avison Young: Avison Young is headquartered in Toronto, Canada and comprises approximately 5,000 real estate professionals in 120 offices in 20 countries. The firm’s experts provide value-added, client-centric investment sales, leasing, advisory, management and financing services to clients across the office, retail, industrial, multifamily and hospitality sectors.

Retail stores awaken in the midst of COVID-19 shutdowns

Simon Property Group, the largest shopping mall operator in the United States, plans to reopen 49 malls and outlet centers starting Friday through Monday for the first time since their March 18th shutdown.

Three of the malls are located in Missouri and will open on Monday, May 4, including St. Louis Premium Outlet in Chesterfield, Battlefield Mall in Springfield and Osage Beach Outlet Marketplace in Osage Beach.

Best Buy also recently announced reopening plans, which include allowing customers to schedule in-store consultations in about 200 of its U.S. stores beginning in May. During the pandemic, the big-box retailer temporarily shut stores and switched to a curb-side pickup model.

According to a study done by Coresight Research, 45% of consumers expect to avoid shopping centers and malls even after the lockdown ends, citing more people will avoid malls than movie theaters or public transportation.

However, the pandemic has not slowed down area retailers; who are renewing their leases - and in some cases - even opening new stores.

In Hazelwood, Mo., a new Dollar Tree is opening this summer in the Village Square Center. The low-cost retailer will occupy approximately 11,000 SF of the once defunct shopping center located at Lindburgh Blvd and Interstate 270.

New York based, Somera Road Inc., bought the dilapidated, mixed-use shopping center in December 2018 and has invested more than $1 million in renovations.

"Dollar stores are continuing to open new locations in this challenging market. The affordability of their product makes them resistant to market downturns. We were thrilled to recently sign Dollar Tree to a long-term lease at our (Village Square) property," said Michael Ervolina, senior associate at Somera Road.

Other occupants include Concentra Urgent Care, Axes Physical Therapy and Millstone Weber, who all signed new lease agreements with Village Square.

It’s important to note, most retailers are adhering to CDC guidelines upon reopening. Simon Property Group, for example, has implemented CDC recommendations and precautions including:

·     Handing out CDC-approved masks and hand-sanitizing packets (at no cost to shoppers)

·     Mandating all employees to wear masks and wash their hands frequently

·     Taking customer temperatures using infrared thermometers

·     Encouraging social distancing in restrooms (tape will be placed over every other sink and urinal)

·     Directing traffic flow with decals on the floor

·     Limiting food court seating

·     Closing children’s play areas

·     and closing public drinking fountains.

Operating hours will be limited to 11a.m - 7 p.m., Monday through Saturday, as well as 12 p.m. - 6 p.m. on Sunday to allow for cleaning and sanitization, according to a Simon Property Group company memo.