MOUNT VERNON – One of Mount Vernon’s busiest shopping centers will soon gain two new tenants.
A national retail chain and a medical office will soon occupy vacant spaces in Mount Vernon Plaza, located at 907-935 Coshocton Avenue, according to U.S. Properties Group Senior Leasing Associate Tim Todaro.
Mount Vernon Plaza currently houses Buffalo Wild Wings, Marshalls, Maurices, Shoe Carnival, Long John Silver’s and Kay Jewelers. Hilliard-based U.S. Properties Group has owned the shopping center since 2002, when it was purchased for $1.7 million, according to records from the Knox County auditor’s office. The shopping center was built in 1962 and was remodeled in 2016.
Todaro told Knox Pages Friday that U.S. Properties Group is “finalizing leases for all of our remaining vacant spaces at the shopping center.”
The new retail tenant will occupy the former rue21 space at 909 Coshocton Ave. – a 6,342-square-foot storefront located between Buffalo Wild Wings and Marshalls. Todaro, who recently acquired the Mount Vernon Plaza portfolio after the retirement of Donn Davids on Jan. 15, said he was unsure how long the space has been vacant. National retail chain rue21 moved in Nov. 2016, but has since left.
“We truly believe the exposure and the visibility, and the access that it has, that it was very viable to continue with retail,” Todaro said.
The new medical tenant will occupy the two vacant spaces behind Kay Jewelers. The two 1,200-square-foot properties will be combined, Todaro said, so the tenant can use both. Todaro was unsure if those spaces had ever been occupied.
“The visibility of those two spaces was challenging. Kay has all the visibility, those don’t, unless you’re into the shopping center,” Todaro explained. “It’s a typical use that you’d find in all first-class shopping centers across the country, so we’re very happy and very pleased to put a medical use there that will service the community.”
As is standard practice, Todaro said U.S. Properties Group could not disclose the identities of the prospective tenants until their leases are signed. However, he said the leases are being finalized, and he expects they’ll be signed by March.
Todaro predicts both new businesses will open in the fall of 2020.
“They’ll bring product and retail services that will be direly needed in the marketplace and will be hopefully very well-patronized by the community and received,” Todaro said of the new tenants. “I think everybody will be very happy with the tenants and I think it should be very positive for the community and the shopping center.”