East-side properties offer options for national retailers
May 21, 2019
Once national retailers find enough success in Sioux Falls to consider a second location, they tend to head east.
Dawley Farm Village announced earlier this year that Ulta would be joining its lineup of national chains, with a store north of PetSmart expected to open later this year.
There’s plenty of space next to Ulta that should be attractive to other national retailers, said Ryan Tysdal of Van Buskirk Cos., who is marketing the project dubbed Dawley Apex this week at RECON, the retail real estate industry’s largest annual convention in Las Vegas.
“We’ve got interest from restaurants, and we’re talking to retailers and fitness,” he said. “I see great opportunity on the east side for fitness operators. There’s been incredible residential growth, and there isn’t a lot of fitness in the market.”
The south end of Dawley Farm also is starting to draw interest from retailers, said Raquel Blount of Lloyd Cos., who represents the development.
“We still have the opportunity for large-box retail, specialty retail, and we’re having conversations at RECON about that,” she said.
A new project called Arrowhead Square also is being marketed at RECON.
It will be at Arrowhead Parkway and Gordon Drive, between Aldi and the former Shopko.
The 20,000-square-foot center will be designed with a contemporary look and will be located at an intersection that recently had a traffic light installed.
“With the addition of raised medians in Arrowhead Parkway this past year, it has instantly made corner lots at stoplights more valuable,” said Tysdal, who is the leasing agent for the project.
“Many of the properties along Arrowhead Parkway now only have right-in/right-out access. Being at a stoplight allows full access from all directions to this property. Many franchises and national retail tenants will not approve sites that have limited access.”
Tysdal also is marketing east-side property north of Menards that has been in his portfolio for years but is starting to gain more interest.
“As the pending Highway 100 connection to Interstate 90 comes to fruition this year, we continue our work to secure anchor retailers to move retail development north of Menards,” he said.
“Large retail deals of this nature typically take a few years to happen, and we are continuing conversations with big-box retailers that are a logical fit along the Highway 100 retail corridor.”
