Kitchen Collection to Legends Outlets in Kansas City
Kansas City, Kan. — Kitchen Collection will open its first Kansas City, Kan., area location at Legends Outlets Kansas City, the city’s only outlet destination. Homeworld Business has rated Kitchen Collection as one of the Top 100 Housewares Retailers in the United States.
Kitchen Collection offers cooking and baking wares, small appliances, decorative wood, marble and ceramics and gadgets. Brand names include Hamilton Beach, KitchenAid, Cuisinart, T-Fal, WearEver, Wilton and Pyrex in addition to the retailer’s own house brand.
Kitchen Collection will join more than 80 retailers at Legends Outlets, including Saks Fifth Avenue Off 5th, Polo ralph Lauren Factory Store, J.Crew | crewcuts, Nike Factory Store and Under Armour.
Mid-America sets up in-house marketing and PR
Oakbrook Terrace, Ill. — Mid-America Real Estate Group has named Emily Dutson as the firm’s first in-house marketing associate.
Beginning on Dec. 1, she will oversee all channels of marketing and public relations for each of Mid-America’s locations in Oakbrook Terrace, Ill., Chicago, Detroit, Milwaukee and Minneapolis. She will provide all online, social media, website and print content as well as promotional initiatives and media communications.
Prior to Dutson’s appointment, the firm primarily relied on a retail real estate marketing and public relations agency.
Dutson comes to Mid-America from a residential real estate and housing firm in Ft. Collins, Colo., where she maintained social media accounts, worked directly with the media, planned industry events and oversaw all marketing and advertising efforts.
Mid-America doubles a client’s investment in one year
Crest Hill, Ill. — Mid-America Real Estate Corp.’s Net Lease Investment Group recently brokered the sale of a two-tenant 88,000-sq.-ft. retail building leased to Big Lots and Home Owners Bargain Outlet in Crest Hill, Ill. A private investor in California purchased the property from a local Chicago area investor for $2.25 million.
Major retailers surrounding the property include Jewel/Osco, Ultra Foods, Food 4 Less and TJ Maxx.
A year ago, when Mid-America (www.midamericagrp.com) received the assignment to broker the sale of the property, the real estate was worth $1.85 million based on the combined income stream and existing lease expiration terms of three years.
Mid-America advised the owner to offer Big Lots a monetary incentive in exchange for a fresh 10-year lease. The owner invested less than $200,000 in a new storefront and received a seven-year lease extension in return. The maneuver boosted the property value by $400,000, returning the $200,000 investment principle plus an additional $200,000.