RECENT NEWS AND CLOSINGS
St. Louis Business Journal - How One Metro East Intersection Has Brought $580M in Development
David Wittenauer and Tom Maloney were recently interviewed by the St. Louis Business Journal regarding the large amount of recent, current, and planned development at the I-64/Green Mount Rd interchange in O'Fallon, Illinois. The interview focuses on the great things that the cities of O'Fallon and Shiloh are doing to attract new business, the developers that are making it happen, and the effect that the hospitals have had on an already growing area. To read the article, please visit the St. Louis Business Journal here:
Illinois Business Journal - Wittenauer Properties Sees Successes as Booming Real Estate Market Continues
This Spring, David Wittenauer and Tom Maloney sat down to discuss their company with Dennis Grubaugh with the Illinois Business Journal. The conversation focused on the founding of Wittenauer Properties, what the team is up to today, the successes they have seen over the past two years, and what they see going forward in the Southern Illinois real estate market. To read the article, please visit the Illinois Business Journal here:
Recently Closed - Sale of Land in Regency Park (O'Fallon, IL) to HSHS Cancer Center
Wittenauer Properties recently represented Shelton Investments, LLC in the sale of 3.6 acres to HSHS Cancer Center in Regency Park across from St. Elizabeth's Hospital in O'Fallon Illinois. The 31,000 square foot building began construction in April of 2019. To learn more about the future Cancer Center and the services to be offered, please view the article here: https://steliz.org/Medical-Services/Cancer-Care/New-Cancer-Care-Center
Recently Closed - Sale of 81 Acres of Land in O'Fallon, IL to O'Fallon School District #90
Wittenauer Properties recently represented the Obal Family Farm Land Trust in the sale of 81 acres to the O'Fallon School District #90.
Recently Closed- Sale of Land in Central Park Plaza (O'Fallon, IL) to Drake's Come Play (Restaurant Concept, New to Market)
Wittenauer Properties recently represented Commercial Real Estate Investors, LP in the sale of 1.94 acres to Drake's Come Play in Central Park Plaza located in O'Fallon Illinois.
This will be Drake's Come Play's first location in the St. Louis metropolitan area as they have 15 locations across 5 states (Kentucky, Tennessee, Indiana, North Carolina, and Alabama). You can learn more about Drake's Come Play on their website: https://drakescomeplay.com/#
Recently Closed - Leased 38,500 SF of Former Gander Mtn. Box (O'Fallon, IL) to Club Fitness
Wittenauer Properties recently represented Commercial Real Estate Investors, LP in the leasing of a former 60,000 square foot Gander Mountain Building to Club Fitness. They will be leasing 38,500 square feet as Northern Tool will be leasing the rest of the building (see below).
Recently Closed - Leased 22,500 SF of Former Gander Mtn. Box (O'Fallon, IL) to Northern Tool
Wittenauer Properties recently represented Commercial Real Estate Investors, LP in the leasing of a 22,500 square foot space in the old Gander Mountain Building to Northern Tool, an equipment and tools company offering over 40,000 different tools online and in store.
To read more about Northern Tool's opening in O'Fallon, check out KSDK's article here.
Recently Closed - Ground Lease of 0.75 AC of Land in Collinsville, IL to Popeye's
Wittenauer Properties recently represented F.O.R. Corporation in the ground lease of .75 acres to Popeye's in Collinsville Illinois. Popeye's will open in the summer of 2019.
Recently Closed - Sale of 12.94 AC in Central Park Plaza (O'Fallon, IL) to Serra Auto Works
Wittenauer Properties recently represented Commercial Real Estate Investors, LP in the sale of 12.94 acres to Serra Auto Works located in Regency Park Plaza in O'Fallon Illinois. Serra Auto Works plans to construct an automobile sales facility in the coming year.
Recently Closed - Pizza Hut Relocations
Over the past year, Wittenauer Properties has represented NPC International (d/b/a Pizza Hut) in 10 lease transactions throughout the St Louis Metro Area. NPC International is the largest Pizza Hut franchise in the world with over 1,200 Pizza Hut locations and over 400 Wendy's locations. Wittenauer Properties represents NPC International throughout the St. Louis and Southern Illinois markets on both relocations and new store openings.