Stonemar Properties

Six Questions for Stonemar’s Jonathan Gould

mgould — Tue, 17 May 2011 18:22:15 +0000

GlobeSt.Com – Since its founding in 2003, Stonemar Properties has taken the long view of retail. “Ultimately it is future cash flow that determines the true value of all real estate assets, not the prices dictated by the prevailing market” is its credo. Over the past eight years, the locally based firm has participated in equity transactions worth more than $900 million and has interests in over eight million square feet of shopping, power and outlet centers in 21 states, with a portfolio of three dozen assets from Florida to California.

“We’re executing on our strategy and remain focused on buying power or grocery-anchored centers adjacent to, or very near, major malls,” Stonemar’s CEO, Jonathan Gould, told GlobeSt.com in 2010. “We like that profile; we like the future of retail in these corridors.”

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Gould Strategy could be Ticket to Mall of Fame

mgould — Tue, 17 May 2011 17:30:47 +0000

Real Estate Weekly – Shopping is a core part of American culture, and Jonathan Gould considers malls the “heart and soul” of the country.

As CEO and founder of Stonemar Properties LLC, Gould does his part to expand the distinctly American shopping complex.

Stonemar focuses on retail “power centers,” generally within, or in close proximity to, suburban malls. Stable local retail markets, access to transportation, and tenants are all important factors for the company when it considers acquisitions. Locations close to a manufacturing district, medical center or school are also an asset, said Gould.

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The Children’s Place is Coming to Jackson Plaza, Cookeville, Tenn.

stonemar — Thu, 12 May 2011 14:23:29 +0000

The Children’s Place signs $600,000 4,000 sq. ft. 10-year lease at Jackson Plaza, Cookeville, Tenn.

Cookeville, Tenn., September 19, 2010 — The Children’s Place, a nationwide retailer of infant’s, children’s, and pre-teen clothing and footwear, has signed a 10-year lease valued at $585,900 for a 4,000-square-foot space at Jackson Plaza Shopping Center in Cookeville, Tenn.

The Shopping Center Group represented both the landlord, Stonemar Properties, and the tenant in this transaction. The lease transaction included a new HVAC installation and options for extending the lease at three and five years.

“This is a strong lease deal with a top-flight tenant,” said Jonathan Gould, chief executive officer of Stonemar Properties. “It’s a natural fit for this area and will only enhance Jackson Plaza’s prospects, which are already strong.”

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Burgers & Blues Completes Major Expansion

stonemar — Sat, 09 Apr 2011 21:13:29 +0000

Mississippi Business Journal – Burgers & Blues has nearly doubled its space at Centre Park Shopping Center to 5,668 square feet. Speed Commercial Real Estate, together with Stonemar Properties, the owner of the center, brokered the four-year lease. The new lease transaction, an extension of 16 months over the original lease, is valued at over $140,000. Special features of the new lease include a new HVAC installation, a new party room added by the tenant, a new bar and a doubling in size of the kitchen, according to Jonathan Gould, CEO of Stonemar. The lease contains two options to extend the lease an additional three years.

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No Downtime: County Line Road Retailers Hanging Tough

stonemar — Sun, 17 Oct 2010 18:01:39 +0000

ClarionLedger.com – When Mike Ezell explains why he has kept Play It Again Sports along County Line Road for 15 years, his main reason lies outside the sporting goods store’s windows. The constant stream of cars passing through the retail corridor that separates Jackson and Ridgeland has helped the business thrive, even with competitors a couple of miles away.

“This is still the focal point of (area) retail,”

says Ezell, Play It Again’s store manager.

“County Line Road doesn’t have any downtime.”

Upgrades designed to give the retail corridor a more unique identity and better traffic flow have been made, while some business owners say they’re just committed to remaining in a centralized location within metro Jackson.

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