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.

Oct. 29, 2019

FEMA Opens Operations Office in Cape

In conjunction with the Federal Emergency Management Agency (FEMA) agreement to provide federal aid to local governments and nonprofits in 68 Missouri counties to repair public infrastructure, such as roads and bridges, damaged by flooding and storms earlier this year, the agency has opened a local regional office in Cape Girardeau.

Tom Kelsey and Chris Cole, brokers with Lorimont Commercial Real Estate, confirmed they handled the lease with FEMA for space at 2125 William Street, the former location of Steve-Mark Decorating Center. They understand the agency will utilize the 8,000 square-foot space as an operation office to oversee any claims in the Southeast Missouri counties involved in this and any other governmental assistance program.

The state of Missouri had requested assistance for damage that occurred in those counties between April 29 and July 5, according to the Missouri Governor's office. The approval means FEMA will help with the infrastructure repairs, as well as costs associated with emergency response during the storms and flooding. With FEMA's recent decision, assistance also will be available through its Hazard Mitigation Program, intended to prevent or reduce long-term life and property risks due to natural hazards, officials said. The Lorimont brokers said FEMA would occupy the Cape Girardeau space for a regional operations office for an undetermined amount of time, but thought it would be for several months. In the meantime, they continue to pursue long-term tenants for the Heritage Center development owned by the Horn family.

Oct. 22, 2019

West Em Medical Spa Opens

West Em Medical Spa, a medical aesthetic spa, opened earlier this month at 326 S. Mount Auburn Road. Locally owned and operated, the business offers a variety of products, services and treatments for men and women. A grand opening event is scheduled for 5 to 8 p.m. Thursday and will include refreshments, special pricing on products and services, free skin scope analysis, live demonstrations, raffles and free "swag bags" for the first 20 guests.

The spa features a variety of services, including a range of skin rejuvenation options, hair restoration and removal services, Botox fillers and a treatment option for those suffering from dry-eye disease.

West Em is owned and operated by registered nurse and family nurse practitioner Amanda Boatwright. Other members of the West Em staff include two registered nurses and a marketing manager.  Tom Kelsey, broker with Lorimont Commercial Real Estate handled the lease transaction for the landlord, Dr. Gregory Tobin.

We want to help clients be the best version of themselves," Boatwright said. "It's at the core of our establishment. It's what motivates us. It's why we're here."

The spa's hours are 9 a.m. to 5 p.m. Mondays, Tuesdays, Wednesdays and Fridays, 9 a.m. until 7 p.m. Thursdays and 9 a.m. until noon Saturdays. More information about the spa and its services is available by calling (573) 803-4321 or online on Facebook or Instagram.

Oct. 21, 2019

Scott City Plaza Has Been Sold

North Scott County’s largest neighborhood shopping center has a new owner and landlord according to Tom Kelsey, broker with Lorimont Commercial Real Estate who handled the recent sale.  Kelsey said the development consists of 32,500 square-feet located on over 3.5 acres with 8 different tenants occupying lease space.  The center is anchored by Bob’s Foodliner, a full service grocery store along with national business franchises, Subway, H &R Block, and a Farmers Insurance Group agency.  Riverside Regional Library, Caring Hands home health agency and Scott City Medical Center also are long-term tenants.  One of the larger spaces formerly occupied by Dollar General was recently leased just prior to the sale and details about that new tenant will be announced soon.

The neighborhood shopping plaza was originally built by Cape Girardeau area developer Gene Rhodes back in the 1970’s and was conveyed on to this family after his passing nearly 5 years ago.  The new buyer, REAUPS, Inc., a local Cape Girardeau based investment company, plan very little changes according to Kelsey.  Two other Rhodes Real Estate Partners properties were also combined in the sale according to the Lorimont broker.

Oct. 11, 2019

Alliance Health to Open in Cape Girardeau

Several local physicians are combining their practices in a new multi-specialty medical practice set to open next month in Cape Girardeau.  Alliance Health is scheduling appointments now for its primary care, internal medicine, pediatric and dermatology physicians. The practice at 304 S. Mount Auburn Road. The building is owned by Greg Tobin of Missouri Plastic & Hand Surgery, which is in a separate space of the building complex. Tom Kelsey, broker with Lorimont Commercial Real Estate, handled the lease arrangements.

"It's a great location, right across the street from Doctors’ Park,” said Jennifer Icaza-Gast, who owns the new practice along with her husband, internal medicine physician Josh Gast.  In addition to Gast, other physicians at Alliance Health will include primary care physician Ramiro Icaza, dermatologist Lawrence Feigenbaum and pediatrician James Hoffman, who will practice part time.  Gast, Hoffman and Icaza have all had established practices in the Cape Girardeau and Jackson areas. However, Feigenbaum is new to the area

Fiegenbaum will provide a full range of dermatology services for adult and pediatric patients ranging from cosmetic procedures to skin cancer surgery and hair transplants.  Originally from St. Louis, Feigenbaum graduated Summa Cum Laude from the University of Missouri and earned his medical degree from the University of Missouri’s School of Medicine before completing his residency at Parkland Hospital/University of Texas-Southwestern, in Dallas. He holds memberships in the American Academy of Dermatology, the American Society of Dermatologic Surgeons, the Missouri Dermatologic Society and the St. Louis Dermatologic Society.  Icaza-Gast said patients of recently-retired Cape Girardeau dermatologist Hal Brown have been scheduling appointments to see the new dermatologist. "His first three weeks are booked and we haven't even marketed the practice yet, she said".

Alliance Health will accept most major health insurances and is establishing referral relationships with physicians in other specialties such as orthopedics and gastroenterology, Icaza-Gast said in addition to exam rooms and offices, the 6,700-square-foot medical practice will include X-ray and procedure rooms. "And on the dermatology side, we are opening an aesthetics and wellness center, called Aspire, where we will offer facials, chemical peals and other cosmetic services" Icaza-Gast noted.   "We have the potential to bring in three more doctors into the building, including an allergist,” said Icaza-Gast who added she’s hiring a pair of dermatology nurse practitioners, LPNs, medical assistants and other staff.

June 21, 2019

Optimize U to Open in West Park Village

Barry and Laura Evans are opening Optimize U at 2504 William St., Suite 5, located in the West Park Village development. Tom Kelsey, commercial broker with Lorimont Commercial Real Estate handled the lease transaction.

The business will specialize in testosterone optimization therapy, whole body cryo therapy, infrared sauna and compression therapy. Testosterone replacement therapy (TRT) has surged in popularity over the past decade. Millions of older men have turned to TRT to restore hormone levels in hopes of refueling energy and reigniting their sex drive. Kelsey said the space has been completely renovated during the last few months for the specialized practice.

 

June 14, 2019

Beltone Hearing Aid Center Relocates

Lorimont Commercial Real Estate is pleased to announce that Beltone Hearing Aid Center will relocate its office to West Park Village in Cape Girardeau. Tom Kelsey, commercial broker with the Lorimont brokerage company, who handled the transaction said the hearing aid dispensary should be in their new location at 2526 William Street within the next 30 days or so. 

The new location is next to Snap Fitness. The company has completely renovated the space to accommodate their Southeast Missouri and Southern Illinois patients. Beltone has over 1500 independently owned "hearing care centers" throughout the United States.  The licensed hearing centers provide hearing screenings, hearing aid fittings and follow-up care to their patients.

June 1, 2019

Cape Tractor Trailer Supply Property Sold

The former Cape Tractor Trailer Supply property located at 900 S. Kingshighway has been SOLD according to Tom Kelsey, broker with Lorimont Commercial Real Estate who handled the recent sale.  The heavy truck parts distributor and repair facility operated for many years at that location and closed almost a year ago.

The 17,100 SF retail, warehouse and truck shop building will house at least a couple of new businesses according to Kelsey. The new investment buyer will completely renovate and remodel the high traffic and visibility property located at S. Kingshighway and Southern Expressway. Kelsey said his company is assisting the new buyer with two new occupants to lease sections of the building.  Since those leases are not completely finalized, more details will be forthcoming. Demolition and remodeling are expected to begin very soon.

May 1, 2019

Waste Connections of Missouri Relocates Operations in Cape

Waste Connections of Missouri has relocated to 2070 Southern Expressway in Cape Girardeau.  Tom Kelsey, broker with Lorimont Commercial Real Estate, who represented the property owner said the 12,500 SF facility located on nearly 3 acres will house their Southeast Missouri operations office, truck shop and yard storage for equipment and containers. 

Waste Connections is an North American integrated waste services company that provides waste collection, transfer, disposal and recycling services, primarily of solid waste. It has operations in both the United States and Canada, It is the third largest waste management company in North America. The former business that occupied the property for many years was Cape Central Publishing.  Kelsey said extensive renovations were made over the last several months to accommodate the new company. The property is located within the Six Thirty Industrial Park.

April 24, 2019

CARSTAR Auto Body to Open in Cape

Cape Girardeau and Southeast Missouri vehicle owners will have another choice in having body work completed. Tom Kelsey, commercial broker with Lorimont Commercial Real Estate confirmed Russom's CARSTAR will locate a collision repair facility at 450 Siemers Drive. Bluff City Beer formerly used the location for their warehouse operations.

CARSTAR is North America's largest Multi-Shop Operator Network of independently owned collision repair facilities in the United States, offering auto body repair, paintless dent repair, storm damage repair with 24/7 accident assistance. They are celebrating their 30th year in business.

Bruce and LaDona Russom currently operate two other CARSTAR franchises in Dyersburg and Rutherford, Tennessee. The body shop operator plans on a complete overhaul of the Cape building inside and out to make it suitable for the new business. The building will be equipped with the most state of the art equipment for painting and collision repair. They also plan to completely repaint the exterior of the 16,000 square-foot former warehouse to compliment the CARSTAR company signage and logo colors. Opening is anticipated by early summer

Kelsey said his company is also looking for a suitable tenant for the former Bluff City Beer office building, which is a separate 6,770 square-foot two-level office on an adjacent site with its own entrance and parking areas. The building has great traffic and visibility from Interstate 55.

CARSTAR is unique in the industry that all repairs are backed by a national warranty and service guarantee. Owners and their employees are required to undergo extensive on-going training in the latest modern methods of auto repair, equipment and customer satisfaction.

April 16, 2019

Scuba Dive Shop to Open in Cape

Nick Laiben -- along with business and dive partners Earnie Wilson and Mitch Penn of Poplar Bluff, Missouri -- plans to open Cape Dive & Travel next month in Cape Girardeau according to Tom Kelsey, commercial broker with Lorimont Commercial Real Estate of Cape Girardeau who handled the lease transaction. The new business location will be at 623 South Silver Springs Road, Suite 310, in the Shawnee Center.

Nine years ago, Nick Laiben went on a family vacation to Cancun, Mexico, and while he was there he took advantage of a "discover scuba resort course" at his hotel. The course gave him a chance to "sample" the undersea world of scuba diving. He was hooked. The Cape Girardeau insurance broker eventually earned his PADI (Professional Association of Diving Instructors) open-water and dive-master certifications and now he, along with two other scuba diving enthusiasts, plan to open a scuba diving store and training center in Cape Girardeau later this spring.

“It’s going to be a PADI Five Star dive shop,” he said and explained the “five star” designation means it will offer a range of products, services and diver training. “It also means we have to have a scuba-quality compressor before we open. Ours is being custom built to our specifications, and we’re waiting on that right now.” The compressor will make it possible for Cape Dive & Travel to refill diver air tanks, a service Laiben said is not available in the immediate area.

Laiben said Cape Dive & Travel will be a “sister” facility to Ozark Dive Shop in Poplar Bluff, which is owned by Penn and Wilson. While he is not certain how many scuba divers live in the Cape Girardeau area, he is confident a scuba operation here can be successful. “We have received numerous messages from people through our Facebook page who are divers that we weren’t even aware of,” he said. According to Laiben, Cape Dive & Travel will focus on “recreational” divers and people who want to scuba dive while on vacation.   The shop in Poplar Bluff caters to technical divers and those with advanced diving certifications,” he said. “This one will definitely be more recreationally oriented.”

Cape Dive &Travel will be a Scubapro Platinum dealer “and we will also carry a few other lines that cater to technical diving” Laiben said, adding the business will also offer a service and maintenance area for scuba equipment as well as a multimedia instructional area for scuba certification training.