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WESTCHESTER, IL-Locally-based Tri-Land Properties Inc. is keeping busy during this downturn, having invested before the fall in about a dozen retail redevelopment properties that have turnaround potential. These infill sites, the company says, are in demographic areas where residential has kept up, such as the firm’s recent start on redoing the 183,000-square-foot Brywood Centre in Kansas City, MO.

Richard Dube, president and owner of the company, tells GlobeSt.com that his firm didn’t chase new growth areas in the early part of the decade. This strategy paid off, he says. “We don’t need new rooftops to make our centers effective,” Dube says. “Those people who own land in the Kansas City area that is south of the beltways of interstates 35 and 435, where all the heavy growth was occurring, they don’t have enough houses now that could generate sales. And there certainly won’t be any new residential development anytime soon.”

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