RockStep Capital details plans after purchase of Monument Mall
The new principal owner of the Monument Mall says the local area is "dramatically underserved" in national retailers and within six months several new tenants will be in the mall.
Andy Weiner, President of Houston, Texas based RockStep Capital told KNEB News the company finalized the purchase December 19th from Perkins Properties out of Omaha. The warranty deed in the Register of Deeds office indicates the purchase was for over $5.9 million
Weiner says RockStep Capital is the general partner and will be leasing space and managing the property, but is working with other "passive investors" in Nebraska and ten other states.
Weiner says he plans to have ten new businesses in the building within the next three years, emphasizing he is already talking to a national junior clothing store and two national shoe store companies. Weiner also indicated he is currently negotiating with a potential operator of the former O'Hara's restaurant space which would be re-opened as a restaurant.
Weiner says the plan is to have the former Wal-Mart space occupied by three or four national users that are not in the panhandle within two years. Weiner says the 110,000 square foot space "has great visibility" and is in "very, very good shape".
Weiner says he plans a major upgrade in signage at the entrances and on the highway and is willing to help subsidize a couple of operators who will provide activities for children eight and under in the mall. He says the commons areas will be available for non-profit organizations free of charge as long as they do their own set-up and tear down.
Weiner says "turning around a building this big will take two or three years" and praised Scottsbluff Mayor Randy Meininger, City Manager Rick Kuckkahn, and TCD Executive Director Rawnda Pierce for their help in purchasing the property. Weiner says the local banks have been very involved in lending the money for the project.
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