Konover Development Enters the Growing Mid-Atlantic Market 02/16/2009

Konover Development Corporation has broken ground on a multi-tenanted retail project on Route 9 bypass in Ranson, West Virginia. Konover Development purchased this fully approved, 16,410 s.f., project from a larger, master-planned development in September of 2008.

The Connecticut-based developer has already leased space within the center to local restaurant staples and industry leaders, ‘Five Guys Burgers and Fries’ and ‘Jerry’s Subs & Pizza.’ The Ranson Shoppes are part of the highly successful Potomac Town Center anchored by Home Depot, Weiss Supermarket & Kohl’s on the east side of the signalized highway intersection. On the west side of Route 9, Konover’s new, open air center’s neighbors are Rite Aid, Chick-fil-A, Bob Evans and McDonald’s . A multiple screen theater complex and other large format retailers are approved as part of the balance of the master-planned Potomac Town Center surrounding Konover’s new project. Construction of The Ranson Shoppes is expected to be completed by the beginning of summer 2009.

Michelle Carlson, VP of Project Development and Stan Glantz, Executive VP & Chief Operating Officer are responsible for completion of this exciting new project. Mr. Glantz chose this project because, “Ranson is a high growth center and is part of the expanding Washington D.C. retail market.” Please contact Charles Schultz, Commercial Associates Real Estate at 304.725.0009 for information regarding leasing space.

Konover Development is expanding its presence into the Mid-Atlantic region utilizing its professional team of developers, project managers and capital resources.

Back