Blog

Our blog is a wealth of local commercial real estate information, covering everything from local market statistics and recent transactions to new business developments and press releases.

Jan. 5, 2024

2023 Transactions Recap

June 27, 2023

River & Rails Building Down to Just 1,500 SF

The River & Rails Building, located at the intersection of Main St. and William St. in downtown Cape, is down to just 1,500 SF of vacant space remaining after Last Mile Liquidators leased and moved into the 4,450 SF east end-cap unit at 101 William St.  The other end cap, 111 William St., is the last remaining space in the newly remodeled strip center.  Last Mile Liquidators joins Water & William Olive Oil Co., Hot Sauce Werks, and Frame a Memory Photography as co-tenants in the mixed-use strip.  Lorimont Broker Chris Cole has handled the leasing for the landlord and all four tenants.

  

Jan. 25, 2023

Why You Should Work With a Commercial Specialist

Working with a broker who specializes in commercial real estate can provide several benefits, including the following:

  1. Market knowledge.  Commercial brokers have access to a wealth of market data and trends that can help buyers and sellers make informed decisions about properties.  These data sources are not the MLS, but are proprietary or subscription-based, which most other agents do not have access to.
  2. Networking.  Commercial brokers have established relationships with other brokers, property owners, institutional real estate entities, and investors, which can lead to opportunities that may not be publicly available.
  3. Negotiations. Commercial brokers are experienced in commercial sales and leasing, which have many additional hoops and negotiation terms that other agents might not know about.  These skills help buyers and sellers reach mutually beneficial agreements, reducing risk and costly mistakes.
  4. Time-saving.  Commercial brokers can help buyers, sellers, tenants, and landlords navigate the complex process of buying, selling, or leasing a commercial property, saving them time and effort.
  5. Resources.  Commercial brokers have access to a wide range of resources, such as contractors, architects, engineers, and financing options, that can be beneficial to buyers, sellers, tenants, and landlords.
  6. Legal and regulations.  Commercial brokers are well-versed in commercial real estate laws and regulations, and can reduce risk that transactions are completed in compliance with all legal requirements.
Dec. 31, 2022

2022 Transactions Recap

Nov. 18, 2022

Acme Contractors to Open SEMO Branch

St. Louis-based Acme Contractors, an industrial construction contractor, has opened a new office and shop at 2380 E. Outer Rd. in Scott City to service its growing Southeast Missouri customer base.  Acme, a specialty construction firm founded in St. Louis in 1947, will have three salaried employees in the Scott City office and will have 30 trade workers in the field.  Tom Kelsey handled the lease transaction for the property owner.

In addition to the St. Louis and Cape Girardeau area offices, Acme also has offices in Columbia, Mo., Tampa Bay, Fla., and Fort Myers, Fla.  

 

Oct. 3, 2022

Former Sunny Hill Property Sold

The location which was formerly home to Sunny Hill Gardens & Florist has been sold to a local investor and developer, according to Tom Kelsey of Lorimont Commercial Real Estate, who handled the sale transaction on behalf of the seller, Paul and Marilyn Schnare.  The Schnares recently closed the business after more than 30 years at the 206. N. Kingshighway location.  

According to Kelsey, the property is 1.6 acres in a prime, high traffic and highly visible location in central Cape Girardeau.  The current improvements include multiple buildings totaling 11,427 SF.  It is unclear what the buyer intends to do with the property at this time.  The buyer was represented by Jake Fish of Edge Realty.

 

 

July 15, 2022

Hot Sauce Werks Opening in River & Rails Building

Hot Sauce Werks, a specialty retail store which sells 350 to 400 hot sauces and other food-related items, is set to open in late summer 2022 in the River & Rails Building in downtown Cape Girardeau, according to Chris Cole, commercial broker with Lorimont Commercial real estate who handled the lease transaction.

Robert Palleja, owner of Hot Sauce Werks, also has a location in downtown St. Charles, Missouri, which has been open since 2020.  Palleja also has an olive oil store in St. Charles.  The store will also feature a light food menu, with chili and other items customer can test hot sauces on.

 

 

 

July 15, 2022

Advanced Pest Control Leases New Space in Cape

Advanced Pest Control has relocated from its previous headquarters at 821 Progress Dr. in Cape Girardeau to a new 9,000 SF lease space located at 530 County Rd 317 in Cape, just off of Route K past Walmart, according to Tom Kelsey of Lorimont Commercial Real Estate who handled the lease transaction.

Advanced Pest Control is a second-generation family business that has been in operation since 1980, currently owned by Gary and Penny Schuessler.

  

 

June 15, 2022

Frozen Daiquiri Shop Coming to Town Plaza

Good Time Daiquiris will open in Town Plaza in Cape Girardeau, according to Tom Kelsey, commercial broker with Lorimont Commercial Real Estate, who handled the lease transaction on behalf of the large neighborhood strip center owner.

The owners of Good Time Daiquiris, husband and wife Travis and Keri Keller, expect a fall 2022 opening.

 

June 15, 2022

SEMO-NASV Relocates to Jackson

Southeast Missouri Network Against Sexual Violence, Inc., also known as SEMO-NASV, has moved to a new 7,500 lease space located at 147 N. Lacey St. in Jackson, according to Chris Cole and Tom Kelsey, brokers at Lorimont Commercial Real Estate.  Cole handled the transaction for the investor buyer, who purchased the building with plans to lease back to NASV.  Kelsey handled the transaction on behalf of the seller.

The move will double the amount of space for NASV, and they will now be able to separate their counseling division from their forensic interview and exam areas.  There is one suite left in the split-level building, a 1,675 SF ground level space fit for office or retail use.