Kenton McKeehan Promoted to President and Chief Investment Officer
Greg Ix Promoted to Executive Vice President of Leasing
Jeffrey Rosenberg Named Chairman & CEO
Charlotte, NC – Big V Property Group today announced the promotions of two key leaders, Kenton McKeehan and Greg Ix, in recognition of their significant contributions in positioning the company for long-term success and sustained growth.
Kenton McKeehan has been named President and Chief Investment Officer. In his expanded role, Kenton will be responsible for overseeing all capital deployment activities, including acquisitions, dispositions and new development, as well as contributing to overall company strategy. With more than 37 years of experience in retail real estate, Kenton has developed, acquired, managed or leased over 25 million square feet of space. He is also a Trustee and member of the Executive Board for ICSC, the retail real estate industry’s preeminent global trade association.
Greg Ix has been promoted to Executive Vice President of Leasing and will join the company’s executive committee. This appointment reflects Greg’s strong leadership of Big V’s leasing operation. In his new role, Greg will be responsible for driving strategic tenant initiatives and providing senior counsel on company-wide matters. He brings more than 30 years of retail real estate experience to Big V’s team.
Jeffrey Rosenberg has assumed the role of Chairman and Chief Executive Officer.
“Kenton’s vision and track record have been instrumental in helping Big V execute key initiatives to address changing market conditions, which have had a material positive impact on the success of the company,” said Jeffrey Rosenberg, Big V’s Chairman and Chief Executive Officer. “His rigor and focused investment strategy, flawless execution, and deep market experience have consistently delivered results. This promotion is a recognition of his impact and leadership.”
“Since joining Big V six years ago, Greg has been critical to ensuring we have the right tenants in the right properties,” added Rosenberg. “Greg focuses on relationships—not transactions, so our partnerships with tenants strengthen over decades and across cycles. His addition to our Executive Committee will yield valuable insights from the tenant perspective as well as help us develop and execute property and company wide strategic initiatives..”
Both promotions are effective immediately.
“Our people are at the heart of our success. Each and every Big V team member is deeply committed to upholding our values, leading with character and integrity, and delivering exceptional results. Kenton and Greg exemplify this mindset, and we are pleased to recognize their work and contributions to Big V,” concluded Rosenberg.
About Big V Property Group
Big V Properties is a family-owned leader in retail real estate with an 80-year history of serving communities and creating superior value for investors. We own, operate, and develop premier retail properties in growing and thriving Sunbelt communities. Our properties are the heart of retail districts in high-growth demographic markets. This careful selection has led to record-high occupancy rates, as our prime locations drive significant business for our tenants, enhance returns for investors, and support vibrant community activity.
For media inquiries, please contact
Debra Hazel
(201) 618-5247
debra@debrahazelcommunications.com
Highly prized Academy Sports + Outdoors and off-price retailers T.J.Maxx and HomeGoods to occupy former Burlington space
A former Burlington store will soon be home to Academy Sports + Outdoors, HomeGoods and T.J.Maxx at Big V Property Group’s Pocono Crossing (Photo credit: Big V Property Group)
RICHMOND, VA. — The ongoing repositioning and redevelopment of Pocono Crossing continues with owner/developer Big V Property Group’s announcement that three of today’s most in-demand retailers — Academy Sports + Outdoors and TJX Companies’ HomeGoods and T.J.Maxx divisions — will open stores in the 180,845-square-foot open-air community center.
Academy Sports + Outdoors will occupy 63,200 square feet of a former 92,000-square-foot Burlington space, with a combination TJMaxx and HomeGoods store occupying 30,000 square feet and 25,000 square feet, respectively, said Greg Ix, Senior Vice President of Leasing at Big V Property Group.
“We’re thrilled to have a power line-up of Academy Sports, T.J.Maxx and HomeGoods as part of our tenant mix at Pocono Crossing,” said Ix. “Academy will open this month and T.J.Maxx and HomeGoods will debut Q1 2026, and after an innovative subdivision of the Burlington shell and combination of strategic vacancies, this will give them a prime location in the heart of the growing Chesterfield corridor.”
“The redevelopment is very complex, but ultimately a cost-effective way to convert exceptionally large, potentially obsolete space into locations more suitable for today’s more focused retailers,” said Scott Cozzali, Vice President of Construction.
Accommodating these new tenants entailed dividing the space, combining spaces that were left vacant for a future opportunity such as this, and reconfiguring the façade.
“The result is a construction period that is faster, more economical, and more sustainable, despite the challenges of high costs, supply chain disruptions, and labor shortages,” Cozzalli continued. “Our construction team was instrumental in redesigning façades and loading docks to tenant specification.”
“Redevelopment opportunities of this caliber are rare to present to the lending community. We ran an extensive marketing process and had numerous lenders wanting to make the loan to help achieve the business plan,” said Bryan Kallenberg, Vice President of Capital Markets at Big V Property Group. “We ultimately chose a full capital stack provider that understood the project and fit the strategy set forth by executive management. This is yet another example of how Big V’s vertical integration allows for seamless execution when dealing with complex projects.”
“As retail has evolved, there are very few single tenants looking to occupy a nearly 100,000-square-foot box, so strategically subdividing this space allows us to accommodate current retail trends and in-demand retailers without the risks and delays that can be involved in ground-up construction. It’s a win for the retailers, a win for our investors as we create even more value, and a triumph for the community, which will benefit from easy access to these best-in-class tenants,” Ix continued.
The two will join Chuck E. Cheese, Martial Arts World, Blue Streak, and Kick Back Jacks at Pocono Crossing. Big V Property Group acquired the regional shopping center in 2019 and has undertaken a strategic evaluation and redevelopment program to reposition the center to serve an affluent community.
Pocono Crossing is located at 10400 Midlothian Turnpike between Powhite Parkway and Huguenot Rd., in one of Richmond’s most affluent and strongest retail submarkets. More than 142,000 people live within a five-mile radius of Pocono Crossing, with an average household income of $109,385. More than 54,000 vehicles pass the site daily.
The center also is situated in one of the most developed and heavily trafficked districts in the city, with a one million-square-foot office park and Chesterfield Towne Center mall less than a mile away.
Several spaces remain available, ranging from 1,000 square feet to 12,000 square feet.
“We want to thank our retail partners, Academy Sports + Outdoors, the TJX Companies, the Big V Property Group team for their extraordinary focus and expertise and Thalhimer Cushman & Wakefield in Richmond,” Ix said.
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 U.S. Big V Property Group is headquartered in Charlotte, NC with major offices in Murfreesboro, TN, San Antonio and Austin, TX, and Florida, NY. For further information, please visit bigv.com.
For media inquiries, please contact
Debra Hazel
(201) 618-5247
debra@debrahazelcommunications.com
New stores will open at centers in Texas, Virginia and Tennessee
CHARLOTTE, N.C. (December 16, 2024) — The partnership between Big V Property Group and TJX Cos. continues to grow in 2024, with the open-air center manager completing six new leases across its portfolio with the off-price giant.
The company has signed leases for its Sierra, Homesense, and Marshalls concepts for a total of 74,577 square feet in Texas; a TJ Maxx, HomeGoods and Homesense store of 80,000 square feet in Virginia; and a 25,626-square-foot Homesense store at The Avenue in Murfreesboro, Tennessee.
“This is a tremendous commitment from TJX, and a validation of our business strategy of acquiring open-air centers and adding value to them through strategic re-leasing and renovation,” said Tony D’Ambrosio, Vice President of Acquisitions and Dispositions at Big V Property Group. “In addition, in a period of little new construction, it makes sense for retailers to find locations in prime existing properties, and we have the projects and the construction expertise to configure our rare vacancies to their needs.”
The new locations at The RIM are part of an overall reimagining of the mixed-use complex with 1.2 million square feet of national, regional and local retail, two hotels with a combined 200 rooms, and six residential buildings with 4,500 to 5,000 condominiums and apartments around The RIM.
“Big V Property Group acquired this center in 2021 with the goal of adding even more value to this already dominant property,” said Greg Ix, Senior Vice President of Leasing at Big V Property Group. “Adding these TJX concepts provides even more choice and value for northwest San Antonio and gives TJX a terrific location in a dominant center where many retailers have their top-performing stores.”
In Virginia, the TJMaxx/HomeGoods store will join Academy Sports in occupying a 92,000-square-foot former Burlington location.
“This entailed a complex division of façades and infrastructure, including plumbing, HVAC and more, of what had been a single location into two distinct stores,” said Scott Cozzali, Vice President of Construction.
Acquired in 2020, The Avenue Murfreesboro offers 853,000 square feet of lifestyle and power center tenants, anchored by H&M, Belk, Bar Louie, Barnes & Noble, Havertys, Old Navy, Dick’s Sporting Goods, Buffalo Wild Wings, Best Buy, ULTA, and Burlington. The center is ideally located on Medical Center Pkwy, with frontage on Interstate 24, in an affluent and growing trade area within commuting distance to Nashville.
“Building value in a retail property, even one as dominant as The Avenue is a step-by-step process,” Ix said. “Adding Homesense to The Avenue adds yet another value component to our mix, which includes dining, fashion, home furnishings, books, sporting goods and more. It’s additional value to our shoppers and our investors. And we’ll keep on doing that throughout our portfolio.”
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 is headquartered in Charlotte, NC with major offices in Murfreesboro, TN, San Antonio and Austin, TX, and Florida, NY. For further information, please visit bigv.com.
ATLANTA, GA (June 11, 2024) — Big V Property Group, the owner and operator of more than 9.5 million square feet of retail space, acquired Johns Creek Town Center in Suwanee, Georgia. This acquisition marks the group’s fifth community center in the state as the company continues to expand its portfolio of community centers in Georgia.
Located approximately 30 miles from downtown Atlanta, the 303,297-square-foot, open-air center is anchored by major retailers including HomeGoods, Sprouts, Kohl’s, Ulta Beauty, Market by Macy’s, and PetSmart. The greater Atlanta region boasts more than six million residents, making it the eighth-largest market in the United States.
“Greater Atlanta is one of the most dynamic markets in America, and we’re thrilled to complement our expansion efforts in the region with the addition of Johns Creek,” said Jeff Rosenberg, CEO of Big V Property Group.
The transaction marks the second major acquisition by Big V Property Group and their partner, Equity Street Capital, in 2024, following their purchase of Merchants’ Square in Carmel, Indiana in February. The terms of the deal were not disclosed.
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 is headquartered in Charlotte, NC with major offices in Murfreesboro, TN, San Antonio and Austin, TX, and Florida, NY. For further information, please visit 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 equitystreetcapital.com.
AUSTIN, TEXAS — A beloved South Austin landmark is coming back to life in May, as the newly refurbished Southpark Music Meadows will celebrate its reopening on Friday, May 3 with a Grand Reopening Celebration weekend of events, prizes and markets, announced owner Big V Property Group. Visitors can participate in pop-up art classes, retailer giveaways, Star Wars and Encanto characters Meet and Greets, face painting, crafts, and more.
“The playground is back — and free for the young and the young at heart,” said Michaela Ward, Senior Director of Marketing. “Big V Property Group believes in community, and what is more important in a community than to give families a place to come and unwind, relax, and watch their kids be kids? We’re excited to share this revitalized playground with all of South Austin.”
Previously called The Grove, South Park Music Meadows had been a mainstay for South Austin parents for decades and hosted many local musicians from various genres. However, it had been closed for more than two years when it was purchased by Big V Property Group in October 2022. By January 2023, the long-awaited project was underway.
“The closure of the playground was devastating for the community — parents had few nearby alternatives where their children could play safely with others,” said Angela Reyes, Property Manager. “We immediately saw that restoring that playground was bringing back a piece of South Austin’s heart, as well as supporting the tenants at Southpark Meadows. ”
The core area was rebranded as Music Meadows to strengthen the ties to the iconic Meadows name and fuse Austin’s vibrant music culture to the center, which hosts live music and events throughout the year. A new identity was established that consisted of a new logo, color palette, and all new property signage. All of the playground equipment was updated, a new climbing structure installed, and multiple interactive musical theme elements are now incorporated. The area also boasts all new furniture, turf, lighting, paint, and a water tower marquee sign, creating a new landmark for the park. A container bar is scheduled to be installed later this month, to be used by tenants and community partners during upcoming events.
Located at Interstate 35 and Slaughter Lane, Southpark Meadows is home to major national retailers, including Target, JCPenney, Victoria’s Secret, Best Buy, Ross Dress for Less, Marshalls, Ulta and Hobby Lobby; dining and entertainment including Waterloo Ice House, Gabriela’s Mexican Restaurant, Dave & Busters, Jason’s Deli, Serrano’s, Texas Roadhouse and Haiku Japanese Restaurant and services including Massage Envy, OrangeTheory Fitness, Olde Soul Barbershop and Amazing Lash Lounge.
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 U.S. 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 bigv.com.
Contact: Debra Hazel
Debra Hazel Communications
(201) 618-5247 debra@debrahazelcommunications.com
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.
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.