2001, Volume 1PAGE 6

Belz•Burrow Begins Retail Renovations in Arkansas

Over a decade ago, Belz Enterprises strengthened its retail experience by joining forces with Bruce Burrow, a developer of national commercial retail space based in Jonesboro, Arkansas. The Belz•Burrow partnership successfully combines 50 years of commercial real estate experience with more than 35 years of real estate development expertise to become one of the Mid-South's largest Wal-Mart and shopping center developers.

Today Belz•Burrow Development Group has developed and owns more than one million square feet of retail space and an additional 150,000 square feet of industrial space in Arkansas and Missouri. Belz•Burrow is currently renovating Caraway Plaza Shopping Center in Jonesboro, Arkansas and Chickasaw Plaza Shopping Center in Blytheville, Arkansas.

The 161,000-square-foot Caraway Plaza Shopping Center is anchored by Hastings Books, Music and Video and is home to well-known businesses such as PetCo, Barnhills Country Buffet and Malco Theatres. Old Navy and T.J. Maxx will join the other tenants in the spring and fall 2001, respectively.

Chickasaw Plaza Shopping Center, once occupied by Wal-Mart, has been renovated into a multi-retailer shopping center. J.C. Penney Company opened a 34,000-square-foot mini-department store at the site on March 7, 2001, and Belz•Burrow is negotiating with other national retailers to fill the remaining space.

Chickasaw Plaza Shopping Center is conveniently located across from Porter Commons Shopping Center, the largest strip shopping center in Northeast Arkansas. The 332,844-square-foot Belz•Burrow development houses Wal-Mart, Hibbetts Sporting Goods, Freidman Jewelers and Hallmark. In total, Belz•Burrow owns and manages 427,437 square feet of property in Blytheville, making the company the largest commercial property owner in Mississippi County.

Founded in 1990, Belz•Burrow holds 13 properties in Jonesboro, Blytheville, Cabot, Jacksonville and Paragould, Arkansas and one in Sikeston, Missouri.

Photo at top:

1. J.C. Penney Department Store anchors Chickasaw Plaza Shopping Center in Blytheville, Arkansas.