Local owners have big plans for Omaha retail center
LINCOLN, Neb. — The University Place shopping center in Lincoln was purchased by a local investment company. The new owners, City Ventures, plan to keep the retail center vibrant with a mix of tenants.
The Omaha company is led by Chris Erickson and Dan White. They purchased the 100,000-square-foot retail center for $7.6 million. It had seen good times and bad in recent years under out-of-state ownership, including the loss of Hy-Vee in 2008. In its place was a smaller version of the store, called Hy-Vee Marketplace, which left a great deal of vacant space.
The new owners are no strangers to the neighborhood. Earlier this year, they purchased the Buggy Bath car wash, which sits across the street from University Place. Additional plans call for a Domino’s Pizza to fill part of the space. The new owners also reported there is interest for the available space formerly occupied by Hy-Vee.
Source: Lincoln Journal-Star