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FOR IMMEDIATE RELEASE
QUINCY MALL OFFERS FINANCIAL INCENTIVES FOR NEW SMALL BUSINESSES TENANTS
(Peoria, IL – June 20, 2017) – Cullinan Properties, Ltd., owner and managing company for Quincy Mall, is targeting small businesses and entrepreneurs to complement its current and expanding lineup of national retailers at the mall. Cullinan Properties has announced the launch of Cullinan Kickstart, a small business financing program aimed at attracting new or expanding area businesses to Quincy Mall.
The Cullinan Kickstart program will offer local entrepreneurs and small businesses a variety of lease and financing options specifically tailored to the needs of each qualifying business. Some options available include: free rent in 2017, 100% financing, long term reduced rent for tenants taking spaces in existing condition, and early lease termination options. Cullinan Properties recognizes that every small business has specific start-up challenges, so multiple programs have been designed depending on the needs of the tenant. In addition to financial assistance, Cullinan Properties will also provide ongoing guidance from a retail leasing expert, marketing support, and construction management consulting to businesses admitted into the program.
“We are thrilled to launch this exciting new program for Quincy entrepreneurs. This is a great opportunity to launch a business at the premier retail destination in the trade area. New businesses will benefit from the unrivaled foot-traffic the mall generates as well as the incentives provided,” states Sean Garrett, Director of Community Relations for Cullinan Properties. “We have a variety of tools available for new and expanding businesses which will help take a lot of the risk out of opening a new store. We are excited to begin working with local entrepreneurs on launching new businesses and creating new jobs in Quincy.”
Amy Looten, outgoing Executive Director for the Quincy Area Chamber of Commerce, stated, “We are so pleased that the Quincy Mall has developed this program to encourage local entrepreneurs to pursue their dreams. Locally-owned businesses are the heartbeat of our community. They make Quincy unique, interesting to visit, and a great place to live and raise a family. Local owners are dedicated to providing only the best for their customers, their employers and our community.”
Cullinan Properties recently announced the addition of Slumberland to Quincy Mall. Slumberland will be opening later this year. A number of improvements resulting in an investment of over $4 million dollars directly into Quincy mall are also being made in 2017 and will include new outdoor pylon signage and enhancements to the interior décor.
“We are very excited about Slumberland joining the mall and we cannot wait to begin assisting new local businesses get off the ground” states Garrett. “Tenants launched from the Cullinan Kickstart program will help give the mall a local vibe while still housing the national tenants like Victoria Secret, Buckle, Zales, and others which have made the Quincy Mall a regional shopping destination. We strongly encourage anyone looking to launch a business to contact us to learn more about Cullinan Kickstart and to see if they qualify for this unique opportunity.”
About Quincy Mall
Owned and managed by Cullinan Properties, Ltd., Quincy Mall is a destination regional mall in the heart of a 60-mile trade area, anchored by Bergner’s, Sears and AMC Theaters. Quincy Mall’s newest anchor, Slumberland, is slated to open late 2017. In addition to a diverse shopping experience, Quincy Mall hosts an impressive line-up of events each year that add to their guests’ shopping experience. For more information, visit ShopQuincyMall.com
About Cullinan Properties, Ltd.
Cullinan Properties, LTD. is a leading provider of real estate services specializing in commercial and mixed-use developments and acquisitions. With offices in Peoria, IL, Chicago, IL and St. Louis, MO, Cullinan Properties is a multi-disciplined real estate firm that develops, manages and owns mixed-use, retail, multi-family, office and medical properties throughout the United States, including Illinois, Missouri, Texas, Georgia, Michigan and Kansas. For additional information about Cullinan Properties, Ltd., visit cullinanproperties.com.