All Stores at Spalding Village in Griffin, Georgia Now Fully Operational Following the January 2023 Catastrophic Tornado 

Big V Property Group is thrilled to announce the grand reopening of Hobby Lobby at Spalding Village Shopping Center in Griffin, Georgia, on March 11, 2024. This event not only signifies a major milestone in the recovery from 2023’s catastrophic tornado but also celebrates that all stores within the center are now fully operational. This grand reopening is a testament to the Griffin community’s resilience, community spirit, and unwavering determination.

The Core of Our Rebuilding Effort

Scott Cozzali, Vice President of Construction at Big V Property Group, has led the rebuilding charge, who shares, “The rebuilding process has been an inspiring collaboration between Big V, general contractors, and the tenants. Our construction team, Brett Lipman, Garrett Patnesky, Paul Jonnet, and Francisco Rojas from the Property Management Team, and our esteemed partners at Thomas Construction and Stellar Contracting have played pivotal roles in the transformation of Spalding Village, ensuring the revival exceeds expectations.”

Enhancements and Innovations

The renovation of Spalding Village introduces state-of-the-art LED lighting, a comprehensive roofing overhaul on smaller shops, and a vibrant facelift for all tenants, positioning Hobby Lobby as a cornerstone of this rejuvenation. Sealcoating and striping in the main center will be completed as warmer weather permits.

Heartfelt Appreciation

Big V Property Group extends heartfelt thanks to everyone who contributed to this remarkable journey. The dedication, hard work, and belief in a collective vision have been instrumental in reaching this momentous occasion. Big V looks forward to welcoming the community back to Spalding Village and anticipates a future filled with growth and prosperity.

Carmel, IN – Big V Property Group, with their partner, Equity Street Capital, is proud to announce its latest acquisition, Merchants’ Square, located in Carmel, Indiana. This acquisition represents the first venture for Big V Property Group in the Indianapolis market, highlighting the company’s continued portfolio expansion.

Merchants’ Square, encompassing 232,284 square feet of open-air shopping center space, is located in Carmel, an affluent suburb just north of Indianapolis. Indianapolis is the second fastest-growing MSA in the Midwest and this trade area has experienced a notable 13.2% population growth since 2010, positioning Carmel as the third-largest city within the MSA. Carmel has been frequently ranked as the #1 suburb in America by several publications, including Niche, Town & Country, and Money. This recognition is a testament to the area’s exceptional quality of life and vibrant community.

Positioned in a high-volume traffic district, Merchants’ Square is poised to attract a steady influx of consumers, enhancing its visibility and accessibility. The center’s diverse tenant mix includes reputable names like Planet Fitness, Flix Brewhouse, Cost Plus World Market, Petco, and Dollar Tree, providing a varied shopping experience. Additionally, the property will benefit from being shadow-anchored by the first Indiana location for Illinois-based Harvest Market. The 76,000 SF store plans to open fall of 2024.

Jeff Rosenberg, President of Big V Property Group, commented, “We are thrilled to expand our portfolio into the Indiana market with the acquisition of Merchants’ Square. This property is a testament to our commitment to strategic growth and investment in areas with strong economic potential. The vibrant, growing community of Carmel, recognized for its high rankings and quality of life, alongside the impressive tenant lineup, makes Merchants’ Square a prime addition to our portfolio.”

“Our diligence determined that Carmel, IN is truly a jewel trade area. It offers the unique combination of high incomes and high growth, which aligns perfectly with Big V’s business model,” stated Eric Zimmermann, Big V Property Group Chief Acquisitions Officer. “The high-quality fundamentals combined with the pending opening of Harvest Market paint a bright future for the asset.”

This acquisition reflects Big V Property Group’s ongoing commitment to investing in high-potential markets and marks a significant milestone in the company’s portfolio expansion strategy.

About Big V Property Group
Big V Property Group owns and operates over 50 neighborhood and community shopping centers totaling over 9.5 million square feet, primarily located in the southern region of the US. Big V Property Group has five offices with major offices in Charlotte, NC, San Antonio, TX, Bristol, TN and Florida, NY. For further information, please visit www.bigv.com.

About Equity Street Capital
Equity Street Capital (ESC) is a San Diego-based commercial investment firm focused on achieving attractive risk-adjusted returns while maximizing long-term capital appreciation. Equity Street Capital was founded by Than Merrill and Paul Esajian, real estate investors and entrepreneurs who are also renowned for their real estate investment education company and residential investment firm. For further information, please visit www.equitystreetcapital.com.

For Acquisitions & Investment information, please contact
Ryan Fabbri
rfabbri@bigv.com
(423) 534-4603

For Leasing information, please contact
Julie O’Donnell
jodonnell@bigv.com
(877) 244-8532

Wilmington, NC — Big V Property Group proudly announces the successful sale of an 8.87-acre land parcel to retail tenant Target Corporation at The Village at Myrtle Grove Shopping Center, located at 5539 Carolina Beach Road in the Monkey Junction area of Wilmington, NC. This purchase will become the home to Target’s second location in the Wilmington, NC MSA.

“Seeing this project advance from a vision to reality is a testament to the dedication of everyone involved,” remarked Greg Dobur, Vice President of Transactions at Big V Property Group. “Our sincere thanks go out to everyone who participated in this project.  Their collaboration and hard work paved the way for this exciting new chapter at The Village at Myrtle Grove.”

Target will be a significant addition to The Village at Myrtle Grove Shopping Center, joining Home Depot and 14 other thriving tenants.

For leasing opportunities at The Village at Myrtle Grove Shopping Center, interested parties are invited to contact Julie O’Donnell or Seamus Byrne. 

Further leasing information can be found at:
https://bigv.com/p/the-village-at-myrtle-grove/

About Big V Property Group
Big V Property Group owns and operates over 50 neighborhood and community shopping centers totaling over 9.5 million square feet, primarily located in the southern region of the US. Big V Property Group has five offices with major offices in Charlotte, NC, San Antonio, TX, Bristol, TN and Florida, NY. For further information, please visit www.bigv.com.

Big V Property Group is honored to continue our tradition of sponsoring a family in need during the holiday season in partnership with the dedicated staff at Golden Hill Elementary and the compassionate guidance of their school nurse Marlene Lysack. This initiative was only made possible through the collective efforts of our NY staff and generous contributions from Big V Team members like Sean O’Donnell, whose helped fill our Santa sacks.

Expanding Leadership and Strategic Vision in Retail Real Estate

Charlotte, NC –Big V Property Group is pleased to announce the role expansion of Kenton McKeehan to Chief Investment Officer. Kenton, who joined the company as Chief Revenue Officer in August 2021, will now embrace a broader spectrum of responsibilities in this enhanced position.

Since his inception with Big V Property Group, Kenton has significantly contributed to the company’s revenue strategies. His expanded role as Chief Investment Officer will encompass the continued oversight of revenue operations, coupled with a more pronounced focus on the company’s overall investment strategy. Kenton will lead the Investment Committee, driving key investment decisions to optimize the company’s portfolio performance. He will also be leading Big V Property Group’s initiative to establish partnerships with institutional capital providers to foster financial and strategic growth.

Jeffrey Rosenberg, Big V Property Group President and CEO, commented, “Kenton’s strong leadership and incredible industry knowledge has been one of the key drivers of our expansion over the last several years. We are confident that his expanded role as Chief Investment Officer will bring forth innovative strategies and further solidify our position in the market.”

This role expansion for Kenton McKeehan is a testament to Big V Property Group’s commitment to evolving its leadership structure and strategy to stay at the forefront of the dynamic retail real estate market.

About Big V Property Group
Big V Property Group owns and operates over 50 neighborhood and community shopping centers totaling over 9.5 million square feet, primarily located in the southern region of the US. Big V Property Group has five offices with major offices in Charlotte, NC, San Antonio, TX, Bristol, TN and Florida, NY. For further information, please visit www.bigv.com.

CHARLOTTE, NC – Big V Property Group, a leader in retail real estate, is proud to announce the official appointment of Eric Zimmermann as Chief Acquisitions Officer. Following his significant impacts as Interim Chief Acquisitions Officer, Eric’s role has become permanent, marking a significant step in the company’s ongoing growth and expansion strategy.

“It’s an honor to officially step into this role at Big V Property Group. This opportunity to drive our acquisition strategies forward and contribute to the company’s growth is both exciting and humbling. I am committed to leveraging my experience to ensure we not only meet but surpass our strategic goals.” states Eric Zimmermann. Jeffrey Rosenberg, Big V President and CEO stated, “We are very excited that Eric has agreed to lead our Acquisition and Disposition efforts on a permanent basis. He brings best-in-class industry knowledge, drive, and determination to our seasoned executive team. Eric will also join both the Big V Executive Committee and the Investment Committee.”

Eric Zimmermann brings an impressive track record from his time at Eastdil Secured, where he led numerous high-profile transactions and was a driving force in the retail investment sector. His expertise in retail acquisitions, capital markets, and equity investments is expected to propel Big V Property Group to new heights.

Eric Zimmermann’s history of success includes notable transactions like the $660M sale of Country Club Plaza in Kansas City, MO, and the $494M sale of Avalon in North Atlanta. His involvement in deals totaling over $30B underscores his substantial impact on the retail real estate industry.

Big V Property Group looks forward to the continued contributions and leadership of Eric Zimmermann in his official capacity as Chief Acquisitions Officer.

CHARLOTTE, NC – Big V Property Group is delighted to announce the acquisition of 6201 Fairview, a strategically located office building in Charlotte, North Carolina. With a generous expanse of 58,064 rentable square feet, this four-story, multi-tenant office space is situated in the heart of the coveted Southpark submarket in Charlotte.

Currently hosting a diverse tenant mix, the building boasts an over 50% occupancy rate, housing companies such as Regus, First National Bank of Pennsylvania, Harbor City Title Insurance, and McGrath & Spielberger. The acquired property is set to serve as the new corporate office for Big V Property Group.

“We’re incredibly excited about the potential of our new office location. It not only provides ample space for our current team but also lays a solid foundation for our anticipated growth,” comments Jeffrey Rosenberg, Big V Property Group President and Chief Executive Officer.

About Big V Property Group

Big V Property Group owns and operates over 50 neighborhood and community shopping centers totaling over 9.5 million square feet, primarily located in the southern region of the US. Big V Property Group has five offices with major offices in Charlotte, NC, San Antonio, TX, Bristol, TN and Florida, NY. For further information, please visit www.bigv.com.

For Acquisitions & Investment information 

Ryan Fabbri
rfabbri@bigv.com
(423) 534-4603

Through the Big V Cares Program, our North Carolina and New York teams eagerly rolled up their sleeves to support Habitat for Humanity.

Our Charlotte, North Carolina, team lent their hands and hearts to the construction of a 39-home development at the Meadows at Plato Price. This impactful initiative promotes affordable homeownership in the Charlotte region, contributing positively to community-building and the local economy.

Our Florida New York Team went to work with the Habitat for Humanity of Greater Newburgh with the renovation of a home, aiding in the organization’s mission of revitalizing Newburgh’s neighborhoods and helping provide better, more affordable housing to the community.

“Working with Habitat for Humanity was an incredibly rewarding experience for the entire Big V team. It was more than building homes; we are building futures and strengthening communities. This hands-on experience truly encapsulates the spirit of ‘Big V Cares’ – making meaningful contributions to the communities we serve.” -Julee Zack, Vice President – Marketing

Learn more about the Charlotte, North Carolina, project here:
https://www.habitatcltregion.org/meadows-at-plato-price/

Learn more about Habitat for Humanity of Greater Newburgh:
https://habitatnewburgh.org/who-we-are/

Browse through these photos to see our team in action!

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Since 2017, Big V Property Group has completed energy-efficiency exterior lighting transformations at over 25 of our properties. These projects’ significant financial and environmental benefits have been outlined in a sustainability report released by our lighting partner, Southpoint Solutions, a leading provider of sustainable lighting solutions.

The collective impact of these projects is impressive. According to Southpoint Solutions, Big V Property Group has saved 9,328,042 kWh and 6,611 metric tons of CO2 equivalent, a significant environmental impact. Additionally, Big V Property has been able to secure $300K+ in rebates and reduced energy costs by over $800K.

Aside from these quantifiable benefits, the upgrades have also improved safety and security in the facilities while reducing maintenance costs and improving aesthetics. The upgrades have also increased tenant and consumer satisfaction.

After the installation at Deerbrook Marketplace in Humble, Texas, there was a 79% energy reduction. The original installation was poorly lit, using high-energy-consuming 1000-watt pole lights throughout the parking lot. Leveraging an incentive from Centerpoint Energy, project costs were reduced by more than twelve percent.

Many of the properties that 9,328,042 kWh has acquired were previously illuminated with outdated and inefficient lighting systems, resulting in inadequate lighting and excess energy consumption. By investing in LED lighting, Big V has achieved better light distribution while capturing significant savings in energy usage and maintenance costs.

In addition, Big V Property Group is at the forefront of implementing Bluetooth control systems to aid property management and anticipate future needs. This innovative technology enables the lighting system to be controlled through a mobile device, allowing Big V Property Group to monitor and adjust lighting as needed.

“Our goal is to upgrade every shopping center we purchase instantly to LED because of the significant benefits. The LED products that Southpoint Solutions installed to date are impressive. We have done numerous projects with Southpoint Solutions so far and the performance gets better each time. Southpoint Solutions has been a great partner for these important improvements” -Scott Cozzali, Big V Property Group Vice President, Construction.

At Big V Property Group, we are committed to executing projects on our properties that benefit all stakeholders, from our clients and investors to the communities we serve. We recognize the importance of our role in creating sustainable developments that have a positive environmental impact and provide significant financial benefits. We believe that our success is intertwined with the success of the communities we serve, and we remain committed to creating projects that contribute to their growth and well-being.

Big V Property Group is excited to announce our latest lighting transformation at Glade Parks in Euless, Texas. Designed and installed by Southpoint Solutions, this new lighting is a dramatic improvement for our shoppers and tenants. 

Watch the video below to see the transformation.

“These LED projects not only create longer life to the light fixtures, but they save energy and bring maintenance costs down. In addition, by having consistent light levels throughout the center, they provide a safer shopping experience for families, shoppers and employees.” – Scott Cozzali, Vice President, Construction

Big V Property Group acquired Glade Parks in June of 2022. Glade Parks is a best-in-class retail destination consisting of 559,457 square feet of quality shop space, represented by an exceptional lineup of national retailers.  It is located just minutes from the Dallas Fort Worth International Airport and strategically positioned on the doorstep of two of Dallas/Fort Worth’s #1 and #2 highest-income neighborhoods, Southlake and Colleyville. 

Click Here to Learn More About Glade Parks