A buyer wants to develop the site of the former General Electric plant in east Bloomington into a shopping center, but the deal is contingent on receiving city incentives. Christopher Zoellner of Balke Brown Transwestern, a St. Louis realty firm brokering the sale, which is under contract tells the Pantagraph the plan is to construct a 180,000-square-foot retail shopping center — what's known in the industry as a power center. The center would be occupied by larger tenants, with stores varying in size from 15,000 to 60,000 square feet.
Wednesday, February 1, 2017
Proposed Shopping Center at Former GE Plant
A buyer wants to develop the site of the former General Electric plant in east Bloomington into a shopping center, but the deal is contingent on receiving city incentives. Christopher Zoellner of Balke Brown Transwestern, a St. Louis realty firm brokering the sale, which is under contract tells the Pantagraph the plan is to construct a 180,000-square-foot retail shopping center — what's known in the industry as a power center. The center would be occupied by larger tenants, with stores varying in size from 15,000 to 60,000 square feet.
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