Author Archive for Anaise Berry

SLUMBERLAND FURNITURE TO JOIN QUINCY MALL AS ANCHOR TENANT

FOR IMMEDIATE RELEASE

 

SLUMBERLAND FURNITURE TO JOIN QUINCY MALL AS ANCHOR TENANT

 

(Peoria, IL – February 28, 2017) – Cullinan Properties is pleased to announce that Slumberland Furniture will be opening a new store at the Quincy Mall in the fall of 2017.  Slumberland will join Quincy Mall’s collection of existing retail tenants and further strengthen the mall as the dominant shopping destination in the 29-county Quincy trade area.

 

As a premier national furniture retailer, Slumberland will greatly complement the mall’s existing tenants as the first furniture retailer to join the mall.  Slumberland will add to the mall’s diverse offerings, giving shoppers a broader experience. The retailer is projecting to generate even higher sales figures than the previous occupant JC Penney, benefitting not only the mall, but the City of Quincy and the greater community. Slumberland Furniture was so confident in the projected growth of Quincy Mall and the Quincy market they decided to invest long-term in its success with this corporate-owned store location.

 

“We were seeking to broaden our product offerings at Quincy Mall in order to have a variety of destination shops to attract shoppers seeking all sorts of merchandise throughout the year,” said Vice President and Director of Leasing, Kathleen Brill.  “We’re pleased to have a quality national retailer like Slumberland making this major investment in Quincy Mall.”

 

These exciting steps for the mall could not have been made without the City of Quincy’s support. Sean Garrett, Cullinan’s President of Acquisitions and Director of Community Relations, stated, “The City of Quincy was great to work with. Their collaboration was vital in securing this new anchor tenant and in laying the framework for our multi-year investment plan.  Quincy’s economy continues to shine due to their diversified workforce and employer base and we are excited to continue being a part of this great community”.

 

This transaction kicks-off a multi-year plan to further develop Quincy Mall. These improvements will result in an investment of over $4 million dollars directly into the mall. In addition to the opening of Slumberland, Quincy Mall patrons and tenants can expect new mall pylon signage and enhancements to the interior décor before the end of the year. Cullinan Properties is also currently in negotiations with several other retailers looking to join the lineup at Quincy Mall.

 

About Slumberland Furniture

Founded in 1967 in Richfield, Minn., Slumberland began as a mattress and La-Z-Boy specialty shop whose mission has been to make people comfortable with both its products and prices. Over the past 40 years Slumberland has expanded to more than 125 stores across 12 states and is now the Midwest’s largest retailer of Sealy and Simmons Mattresses, one of America’s top sellers of La-Z-Boy upholstery, and has earned the designation of Elite Retailer from Tempur-Pedic International. The family-owned business has a deep commitment to community service, and dedicates 10% of its profits to charitable giving every year. For more information, visit Slumberland.com.

 

About Quincy Mall

Owned and managed by Cullinan Properties, Ltd., Quincy Mall is a destination regional mall in the heart of a 60-mile trade area, anchored by Bergner’s, Sears and AMC Theaters.  In addition to a diverse shopping experience, Quincy Mall hosts an impressive line-up of events each year that add to their guests’ shopping experience.  For more information, visit ShopQuincyMall.com

 

About Cullinan Properties, Ltd.

Cullinan Properties, Ltd., with offices in Chicago, IL, Peoria, IL and St. Louis, MO, is a multi-disciplined real estate firm that develops, manages and owns mixed-use, retail, multi-family, office and medical properties throughout the United States. For additional information on Cullinan Properties, Ltd., visit CullinanProperties.com.

 

####