The parking lot at Crossroads Mall has become rather congested with the opening of Cook Out and Steak ‘n Shake.
There is a steady stream of traffic making its way through the parking lot to each restaurant, and drive-through lines from both businesses snake out of the restaurants’ parking lots and into Crossroad’s parking lot. Add in the 2,000 people who work at the center (Advanced Auto has its headquarters on the far right side of the mall), and the parking lot is pretty busy.
“It’s one of the growing pains you get” with new businesses opening, said Jake Copty, a broker with Thalhimer, which manages the property.
“We knew that with the introduction of Cook Out there would be a large influx of traffic,” he said. “The owners and the property manager are aware of how tight the parking lot has gotten.”
They are looking at several options to help traffic flow, Copty said.
“It is kind of a good problem to have,” he said.
“We feel like the ongoing redevelopment of Crossroads is a great thing for that part of town.”
Steak ‘n Shake opened at Crossroads last week. Cook Out opened in December. Crossroads recently lost Books-A-Million, one of its anchor stores, but Copty said he has high hopes for that space.
The property owners, an investment group in New York, are open to tearing down the building in favor of new construction, Copty said.
But no deal has been struck, and it could be several months, if not longer, before an announcement is made.
Several brokers from Thalhimer were in Las Vegas this week for the International Council of Shopping Center’s global convention of realtors and retailers. Thalhimer brokers marketed the Books-A-Million space there and met with potential tenants, Copty said. He wouldn’t say which retailers have expressed interest.
He doesn’t expect the new tenant to be Trader Joe’s, he joked.
“It’s a long way from the people who are going to shop at Trader Joe’s,” he said.