Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ORLANDO-Gambling that the nearby new $129 million, 350,000-sf new Florida Hospital Waterman, scheduled to open in July 2003, will generate increased sales, Clearwater, FL-based Beall’s Department Stores Inc. is moving its Eustis store from the 200,000-sf Eustis Square shopping center to the 300,000-sf Eustis Village Shopping Center, three miles away.

Beall’s is putting Phil Knuth in charge of the new 55,000-sf store, larger than the previous 30,000-sf location.

Knuth is transferring from Beall’s Orlando store to be senior store manager in Eustis and area supervisor for five other Beall’s units in Central Florida.

The new location is at U.S. 441 North and David Walker Drive, about a quarter of a mile from the six-story hospital nearing completion on U.S. 441 North. Watkins Retail Group of Atlanta is developing the 22-acre Eustis Village retail center.

Perregine Properties Inc. of San Francisco will be developing an adjoining 22-acre tract for another retail venture next year.

Beall’s plans to use the Eustis Square store as a discount clearance operation. Beall’s officials couldn’t be reached at GlobeSt.com’s publication deadline to learn the cost of the new store.

But area construction industry estimators familiar with the retail construction market tell GlobeSt.com on condition of anonymity the store couldn’t be built for less than $90 per sf or about $5 million.

Following Beall’s to Eustis Village Oct. 9 will be Publix Supermarkets Inc., moving into a 41,000-sf location.

The Publix and Beall’s moves follows Wal-Mart’s decision four years ago to leave Eustis Square for a 250,000-sf, stand-alone Super Wal-Mart off U.S. 441 South in Mount Dora, FL.

Tenants occupying about one million sf of retail have made lateral moves in the Triangle Area of Mount Dora, Eustis and Tavares in the past five years, according to GlobeSt.com research.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.