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BIG USA Coming to the Midwest

KANSAS CITY—In this UPDATE, BIG USA's Stanley McElroy tells GlobeSt.com why the firm has decided to jump into Midwest markets.

By Brian J. Rogal | Updated on July 26, 2014

KANSAS CITY—As reported in GlobeSt.com last month, BIG Shopping Centers USA just made its first acquisition in Kansas City. And Stanley L. McElroy, Jr., president of the Beverly Hills, CA-based subsidiary of BIG Shopping Centers, now tells GlobeSt.com that in addition to Kansas City, the company also plans to expand even further into the Midwest, and has set its sights on centers in Omaha and Minneapolis.

“We’re not a value-add investor,” he says, looking to do renovations and make quick sales. “We place our equity in places where we intend to stay for a long period of time,” and that means the company “wants to focus on areas where we think there is the long-term potential for job growth.”

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