March 2013

Sales & Leasing

John Dickerson, CPMLee Ehlers, CCIM

Brian FarrellSteve Farrell, CCIM, SIOREmber Grummons, CCIM

John Heine, CCIM, JDJerry Heinrichs, CCIM

Jerry Huber, CCIMTim Kerrigan, CCIM

Brian KuehlMike Moylan, CCIM

RJ Neary, CCIM, SIORJ.P. Raynor, JD

Patrick S. ReganMike Rensch

Clint SeemannKevin J. Stratman

Ryan Zabrowski, CCIM, SIOR

PropertyManagement

Carla Chin, CPMLaura Hansen, NALP, CAM

Correen HarrellJeni Sadler, CPM

Jeanette Weber, CPMDebbie Wojcinski

By Tim Kerrigan, CCim, and J.P. raynor, Jd

The Winter Office Report released by Investors Realty in January shows Omaha’s market is stable with some good news and some elements of concern.

Encouraging to the market is new and soon-to-be-completed construction activity for CSG, Northstar Financial, TD Ameritrade, Gavilon, Tenaska and Gordman’s. In addition, the West Plex building in the Westroads area is the first speculative office structure to be started in three years.

Also among the good news is the increase in absorption of exiting office spaces over the past three consecutive quarters. Leases of large spaces have decreased, but leases of smaller spaces have gone up.

Compared with five other Midwestern markets of similar size—Milwaukee, Tulsa, Oklahoma City, Des Moines and Little Rock—Omaha is in the middle of the pack by most vacancy measures.

The data indicates Omaha is faring better than the six-market average in every measure except Class C vacancy rates. However, Omaha’s Class C vacancy rate has been shrinking steadily mostly because downtown Class C buildings have created the opportunity for more urban residential development.

Omaha’s Class A office vacancy rate is lower than all but Oklahoma City’s, and the Class B vacancy rates are very close to the six-market average.

The full office report is available on our website www.investorsomaha.com (select MARKET INFO under the NEWS heading) or by calling us.

TIM

KER

RIG

AN

, CCIM

J.P

. R

AYN

OR

, JD

1,001,052SQ. FT. LEASED

Minimum 1,000 sq. ft. lease

CLASS A CLASS B CLASS C Overall Average

62,661SQ. FT. ABSORPTION IN 2011

OMAHA AREAVACANCY RATES BY

BUILDING CLASS

ABSORPTION IN 2012 ABSORPTION IN 2012 273,651 SQ.FT. 273,651 SQ.FT.

860,323SQ. FT. LEASED

Minimum 1,000 sq. ft. lease

Omaha Area Vacancy Rate Trend

2010

2011

2012

2010

2011

2012

2010

2011

2012

2010

2011

2012

8.7%

6.3%5.3%

13.9% 13.8%15.2%

24.5% 24.7%23.1%

14.8%

13.7% 13.9%

1,001,052SQ. FT. LEASED

Minimum 1,000 sq. ft. lease

CLASS A CLASS B CLASS C Overall Average

62,661SQ. FT. ABSORPTION IN 2011

OMAHA AREAVACANCY RATES BY

BUILDING CLASS

ABSORPTION IN 2012 ABSORPTION IN 2012 273,651 SQ.FT. 273,651 SQ.FT.

860,323SQ. FT. LEASED

Minimum 1,000 sq. ft. lease

Omaha Area Vacancy Rate Trend

2010

2011

2012

2010

2011

2012

2010

2011

2012

2010

2011

2012

8.7%

6.3%5.3%

13.9% 13.8%15.2%

24.5% 24.7%23.1%

14.8%

13.7% 13.9%

Chris Sailors joined Investors Realty in January 1976. Thirty-seven years later, Chris has retired. We honored and thanked her for her hard work, patience and loyalty with a party in January.

When Chris started working here, there were four of us at Investors Realty. Chris was our receptionist, bookkeeper, typist (word processor) and Sergeant-at-Arms.

We had “voice recognition” technology in 1976. I would holler down the hall, Chris would recognize my voice and come into my office with a spiral note pad ready to take a letter in shorthand as fast as I could talk and then she’d type it. It was just like working with today’s computers only she used a manual typewriter, carbon paper and white-out (you can Google those terms).

The 2013 Unicameral session is in full swing. Hearings are being held on the seven-hundred-plus bills. This is the long, 90-day session of the Unicameral’s two-year calendar. A majority of the attention will go to the biennial State budget.

Of particular interest to the commercial investment real estate sector are tax incentive bills to promote renovation of historic business districts. LR29CA (constitutional amendment) would change the language in the current law from “blighted and substandard” to “in need of rehabilitation or redevelopment”. The “blighted” language has been an issue with property owners near a redevelopment site, because they fear the blighted term is detrimental to the value of their properties. Also, this bill extends the current 15-year maximum credit period to 20 years. This bill has moved out of committee into the General File. It should be debated on the floor during this session.

Incentives for rehabilitation and

Her spreadsheet was hand-written columnar paper. In fact, our entire accounting system was columnar paper with debit, credit and balance columns—all handwritten.

Over the years we’ve grown from the four of us to more than 40. Today our support

staff includes a receptionist, five broker assistants, a marketing director, an IT director, an accounts payable clerk, an accounts receivable clerk and an accountant. Chris Sailors set the standard for doing whatever it took to get the work done.

Chris, we all thank you for your hard work and loyalty.

redevelopment are a big issue this year. Apparently, Iowa, Missouri and Kansas all have better incentive packages to help complete rehab projects. According to proponents, we need incentives that level the playing field for redevelopment as opposed to new building projects. Several bills related to abandoned and out-of-service properties may be merged together.

A bill introduced by Senator Lautenbaug for the Nebraska Association of Commercial Property Owners would modify the Landlord Tenant Act. The bill would allow a landlord to evict a tenant who is causing a clear and present danger to the health and safety of other tenants and the owner or his agent, manager, employees, etc. Instead of having to abide by the 14-day notice law, the owner can give a violating tenant a three day notice to quit.

For questions and comments about legislative issues, contact John dickerson at 402.778.7521. John is a Board member and President of naCPo.

CHRIS SAILORS RETIRES AFTER

37 YEARS

1976Average cost of a gallon

of gas was 59¢

The first commercial Concorde flights lift off

Rocky won the Oscar for Best Picture

United States Bicentennial

Apple Computer Company is formed by Steve Jobs and

Steve Wozniak

Mao Tse-tung, founder of the Chinese Communist

Party dies

United States Mint issues the $2 bill

Swedish pop group ABBA topped the charts

“shorThand...is ThaTliKe sWyPe?”

JO

HN

DIC

KER

SO

N, CPM

By sTeve Farrell,CCim, sior

March 2013

Commercial Real Estate

DIGEST402-330-8000

UNICAMERAL CONSIDERS

AMENDMENT, BILL FOR REHAB

INCENTIVES

March 2013

Commercial Real Estate

DIGEST402-330-8000

NATIONAL REAL ESTATE

VACANCIES STABILIZE,

RENTS INCREASE

OFFICE SUITES BECOME SWEET

RESIDENCES

While job growth remains fairly weak, the fundamentals underlying the real estate market are stabilizing in spite of uncertainty about the U.S. debt and economic volatility throughout the world. National vacancy rates in all real estate sectors are down or stable, and rents seem to be stable or, in some cases, increasing slightly, according to a recent article from the CCIM Institute.

Nationally, the office sector vacancy rate declined from 17.4 percent to 17.1 percent in the fourth quarter of 2012, and effective asking rents increased slightly. In Omaha, office vacancy remains at 13.9 percent, the same as during this period last year.

Retail vacancies remained flat at 10.8 percent with flat to modest increases in rents nationally. Local vacancy rates dropped to 9.6 percent, down from 10.1 percent in the fourth quarter 2011.

Industrial vacancies fell to 13.1 percent, the ninth consecutive drop in national vacancies. Omaha’s rate is 5.1 percent down almost a full percentage point from a year ago.

Since 2010, Omaha’s Central Business District vacancy rate has fallen from 19.7 percent to 11.2 percent at the close of 2012. This drastic reduction does not reflect robust leasing activity in Downtown Omaha. In fact, 2012 saw a negative absorption of 63,000 square feet. However, several downtown buildings are receiving a new lease on life as places where people arrive at the end of the workday rather than at the beginning.

Since 2010 developers have converted these office buildings into residences and a hotel:

Farm Credit Services of America Building at 19th and Douglas 143,000 square feet of office space was remodeled into The Bank 106 aParTmenT uniTs

Northern Natural Gas Headquarters Building at 24th and Dodge 223,000 square feet of office space is being remodeled into The Highline 194 aParTmenT uniTs

The former IRS Building at 15th and Dodge 105,000 square feet of office space is

Vacancy rates in multifamily apartments declined to 4.6 percent, a full 1 percent lower than in the fourth quarter of 2011. Rental rates are up and new construction activity is up across the country.

According to Real Estate Research Corp. and Bisnow National, secondary or tertiary markets such as Omaha are seeing improvement in total returns as a result of stable economies. This is attracting more investment buyers for all product lines.

One area of concern, according to a recent article by Jerry Slusky, a local real estate at-torney, is there will be more than $2 trillion of commercial real estate loans maturing by 2017. It’s estimated nearly half are “under water”. This means there is $1 trillion in com-mercial real estate loans without a clear refi-nancing strategy. Lenders holding these loans will either seek to right-size their loan balance by an infusion of equity from the borrowers, foreclose the loan, or sell the loan, oftentimes at a discount from par. While this may cause problems for some real estate investors, it may also create opportunity for others.

being remodeled into a Marriott exTended sTay hoTel

Black Hills Energy Building 19th and Capitol 97,000 square feet of office space is being remodeled into The Slate 120 aParTmenT uniTs

As tenant desires for larger floor plans and newer construction makes buildings functionally obsolete, developers are repurposing buildings to meet the residential needs of the market.

The SlaTe 120 aParTmenT uniTs

COURTESy ALLEy POyNER MACCHIETTO ARCHITECTURE

March 2013

Commercial Real Estate

DIGEST

PROPERTY MANAGEMENT

IMPROVES SERVICE TO

TENANTS, BUILDING OWNERS

Investors Realty is always striving for ways to deliver better customer service to our tenants and more effective, efficient results for our owners.

Our Accounting Department uses budget templates to estimate operating expense recoveries and has implemented the complex Recoveries module of MRI software to process operating expense reconciliations. This automation has decreased the reconciliation process time and minimized the opportunity for errors.

Over the past year we have worked on standardizing master leases for each property. This process has implemented changes to update many of the leases to include language that that can be important to our owners and allows us to streamline the drafting and review process on new leases.

Electronic document storage also increases efficiency and provides us with reference documentation in case of an emergency or disaster.

EMAILED DOCUMENTS SAVE TIME, MONEY

The implementation of new technologies and online accounting software allows

us to create and email tenant invoices, owner monthly reports and receive vendor invoices electronically, eliminating large postage and supply costs.PROPERTY MAINTENANCE IS IN THE CLOUD

Receiving work orders electronically allows our maintenance staff to provide quicker response times and better documentation for repairs and services to our tenants. Property managers and maintenance staff now have instant access to all building emergency information via Dropbox, a cloud-based document-handling service, allowing quicker response in case of an emergency and a more effective and efficient process for our staff.

BeTTer managemenT Through TeChnology

Investors Realty routinely monitors the sales of commercial and multifamily properties as a way for us to understand what is happening in the market. This helps us identify trends, which can help our clients. Our observations show few non-anchored strip retail centers were sold during the past five years. But, when five neighborhood retail shopping centers sold during the fourth quarter of 2012, and four of those closed in December, they got our attention.

While it is difficult to attribute the sudden sales to any one reason, we think it is possi-ble increases in capital gains and investment taxes implemented January 1, 2013 may have fueled some of these transactions.

8455-8511 FREDERICK STREET $1,540,000* • October 1

3309 OAK VIEW DRIVE$2,775,000* • December 18

4230-4240 L STREET$900,000 • December 20

1119 N 204TH AVENUE$1,090,000 • December 28

7010 DODGE STREET$2,225,000 • December 31*investors realty, inc. was involved in the transaction

ARE FOURTH QUARTER

2012 SALES IN RESPONSE TO ECONOMIC

UNCERTAINTY?

TransaCTions due in ParT To reCenT Tax inCreases?

JO

HN

HEIN

E, CCIM

, JD

402-330-8000

land

buildings

March 2013

WHAT WE’VE DONE LATELY74 acres of commercial land at Hwy. 50 & Schram Road, to Veterans Administration17 acres of commercial land at 120th & Military, to Deer Creek Investment LLC3.4 acres of commercial land at 204th & West Dodge Road, to Elkhorn Public School Foundation2.4 acres of commercial land at Hwy. 6 & Bryan Street, Gretna, to Goodwill Industries, Inc.2.0 acres of commercial land at 90th & Hwy. 370, to Goodwill Industries, Inc.1.5 acres of commercial land at Hwy. 6/31 & Schram Road, to Children’s Hospital22,277 sq. ft. of commercial land at 22nd & Howard Street, to Block 22 LLC19,110 sq. ft. of commercial land at 72nd & Giles Road, to Jimmy John’s17,424 sq. ft. of commercial land at 15th & Cass Street, to NODO Lots LLC7,100 sq. ft. of commercial land at 24th & Farnam Street, to 2401 Farnam LLC

75,000 sq. ft. industrial space at 125th & I Streets, to Ford Moving & Storage Company61,989 sq. ft. office space at 17th & Farnam Street, to Baird Holm LLP32,219 sq. ft. industrial building at 76th & I Street, to Steven Silver LLC15,300 sq. ft. industrial space at I-80 & Hwy. 50, to CORT Furniture15,000 sq. ft. industrial building at 52nd & F Street, to Richard Radcliff14,916 sq. ft. industrial space at I-80 & Hwy. 50, to Factory Direct Appliance11,725 sq. ft. strip center at 144th & West Center Road, to Sam P. Baird10,799 sq. ft. apartment building at 22nd & Vinton Street, to Laura Sherman6,022 sq. ft. office building at 180th & Oak Street, to Orion Health Technologies6,015 sq. ft. commercial space at 120th & West Center Road, to Lee Douglas Interiors Inc.5,695 sq. ft. commercial building at 38th & Leavenworth Street, to University of Nebraska Medical Center5,433 sq. ft. office space at 42nd & Center Street, to UNL Board of Regents3,994 sq. ft. office space at 116th & Arbor Street, to Persistent Sentinel LLC3,851 sq. ft. commercial space at 124th & West Maple Road, to The Bodysmith Health & Fitness Systems, Inc.3,822 sq. ft. office space at 150th & West Dodge Road, to Cyndy Welken-Place3,544 sq. ft. industrial space at 118th & Harrison Street, to Unite Private Networks LLC3,470 sq. ft. office space at 88th & J Street, to Oasis Enterprises3,240 sq. ft. office building at 90th & Hwy. 133/Sorensen Parkway, to Nastase Investment Group LLC2,960 sq. ft. office space at 133rd & A Street, to CDE Publishing2,930 sq. ft. industrial space at 133rd & A Street, to Harvey Brothers Flooring LLC2,880 sq. ft. office building at 180th & Oak Street, to Stockcross Financial Services2,800 sq. ft. industrial space at 90th & Sorensen Parkway, to Kloos Kutters2,800 sq. ft. industrial space at 91st & Sorensen Parkway, to Hermann Concrete Construction Inc.2,800 sq. ft. industrial space at 92nd & Sorensen Parkway, to Stene Repair2,700 sq. ft. commercial space at 120th & Stonegate Drive, to Partners in Learning, Inc.2,665 sq. ft. office space at 116th & Arbor Street, to Independent Technologies2,624 sq. ft. office space at 107th & Bedford Plaza, to JAL Enterprises Inc.2,400 sq. ft. industrial space at 96th & Cornhusker Road, Papillion, to Inventive Engineering Solutions PC2,228 sq. ft. industrial space at 90th & Washington Street, to Papillion Recreation Organization Inc.2,200 sq. ft. commercial space at 144th & Pacific Street, to Dunkin’ Donuts2,064 sq. ft. office space at 114th & Davenport Street, to Powell Insurance Inc.2,058 sq. ft. office space at 147th & West Center Road, to Meyer & Associates PC2,045 sq. ft. commercial space at 108th & West Maple Road, to Omaha Community Service Foundation1,890 sq. ft. office space at 116th & Arbor Street, to Jill Harker, Margaret Mark and April Cover1,638 sq. ft. commercial space at 144th & West Center Road, to Spring Communications MNP, Inc.1,600 sq. ft. commercial space at 114th & West Dodge Road, to Legacy Martial Arts1,600 sq. ft. commercial space at 114th & West Dodge Road, to Miracle Hills Chiropractic1,500 sq. ft. office space at 132nd & Millard Avenue, to Byers Insurance1,500 sq. ft. commercial space at I-29 & South Expressway, to Jet Mobile LLC1,400 sq. ft. office space at 120th & I Street, to American Family Insurance1,251 sq. ft. office space at 90th & Maple Street, to JA McCoy, CPA PC1,226 sq. ft. office space at 72nd & Maple Street, to Charlene Wilson1,131 sq. ft. office space at 108th & Maple Street, to Construction Labor Group1,114 sq. ft. commercial space at 113th & West Center Road, to American Driver Service Inc.1,000 sq. ft. commercial space at Galvin Road & Avery Road, to Liberty Tax Service

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REPEAT CUSTOMERS COMPLETE RECENT TRANSACTIONS

Three recent transactions remind us that good service results in return customers.

GOODWILL EXPANDSWe’ve worked with Goodwill Industries for a number of years, selling their old headquarters and helping them purchase and develop the new one at 72nd & Ames. Recently we helped Goodwill buy two additional parcels of land for retail outlets in Papillion and Gretna. Construction will begin this Spring on new centers at 90th & Hwy. 370 in Papillion and Hwy. 6/31 & Standing Stone Drive in Gretna.

OMAHA WORKS IS ALMOST FULLTwo years ago we sold Omaha Works at 120th and I, to Industrial Realty. Since then we’ve helped them lease all of the 130,000-square-foot office building to Kiewit, and nearly half of the industrial space to Ford Storage.OAKVIEW PLAZA NORTH TRANSITIONSRecently Ember Grummons sold a building in Oakview Plaza North that was part of the original development of Oak View Mall and surrounding properties in the 1980s. This is the third time we’ve been involved with the transfer of this property. The first was a land lease to Buca Di Beppo Restaurant. The second was to an investor/developer who converted the building to a strip retail building. We assisted in the leasing. The most recent sale was to an investor, and was completed in December, closing within 84 days of listing.VETERANS ADMINISTRATION BUYS CEMETERY SITEWe sold 220 acres at Hwy. 50 and Schram Road in 2005 to Gottsch Family Farms. In December 2012, we helped them sell the property to the Veterans Administration for the site of a new Veterans Cemetery.

Our ability to see the future potential of properties, our experience in finding tenants and our expertise in analyzing investments are why our clients continue to ask for our assistance when they are buying, selling, leasing and managing property.

March 2013

Commercial Real Estate

NEW LISTINGSTo see our ComPleTe invenTory oF ProPerTies, visiT invesTorsomaha.Com

LEAS

E

42ND & HWY 370, BELLEVUE, NE 370 Pointe5,755 sq. ft. of commercial space, directly across Hwy. 370 from Twin Creek off 42nd Street. Suite 101 is finished as a medical clinic. Join other successful tenants: SAC Federal Credit Union, Edward Jones, Hauptman O’Brien, State Farm and Children’s Physicians.

180TH & Q STREET Hawthorne III 3,043 sq. ft. space in Hy-Vee-anchored retail center with multiple traffic generators: retail, office and medical. 180th Street signage and visibility. Drive thru available. Millard West High School adjacent to site. Perfect for dry cleaner!

120TH & BLONDO STREET North Park 712,032 sq. ft. on the first floor offering an existing nicely finished system. Furniture may be available. North Park offers a well-designed office park campus setting with beautiful, mature landscaping, walking trails, parks and ample parking. Access to Blondo St., I-680, West Dodge, and West Maple. Lodging, fitness, education and several personal services available within the North Park Campus.

FORLEASE

FORLEASE

FORLEASE

16TH & FARNAM STREET King Fong Building4,536 sq. ft. of fully fixed restaurant space ready to go in a landmark building! Excellent traffic generators in area include Orpheum Theater, Holland Center, hotels, and downtown tenants.

11TH & NICHOLAS STREET2,500 to 18,010 sq. ft. of industrial warehouse space in North Downtown with six dock-high doors and close proximity to I-680. Excellent access for Omaha or Council Bluffs with zoning allowing for many industrial uses.

104TH & I STREETOutstanding industrial location, approximately two minutes from I-80. 100% air conditioned. Perfect for manufacturing and distribution. 5,001 sq. ft. of office in the 24,000 sq. ft. space.

FORLEASE

FORLEASE

FORLEASE

77TH & DODGE STREET 77 Dodge Court 2,768 sq. ft. of flexible office space including conference room, break room and open areas. Adjacent to Keystone Trail with all amenities near by. Easy parking and access for employees.

90TH & J STREETBasic industrial space with small office entry. Multi-tenant pole sign on 90th Street. Space is 100% AC. Very accessible central location with easy interstate access in 2 directions.

88TH & L STREET BBFD Building6,800 sq. ft. industrial space with a small amount of finished office space. 2 oversized drive-in doors & floor drains. Central location, just north of L Street. Access I-80 in minutes.

FORLEASE

FORLEASE

FORLEASE

133RD & A STREETFinished 3,100 sq. ft. of office space with conference room and kitchenette. Clean, well-maintained building. Six offices with windows. All-masonry construction.

132ND & B STREET4,753 sq. ft. of office/showroom and warehouse build-out. Two dock-high doors, partially air conditioned, close to I-80 access.

15TH & JONES STREET2,688 sq. ft. Downtown Omaha office or retail space. Nice, reasonably priced, professional space with on- and off-street parking.

FORLEASE

FORLEASE

FORLEASE

402-330-8000

LAND

SALE & S

ALE/L

EASE

104TH & REGENCY PARKWAY DRIVE Essex Court #400Unique opportunity for your business to be part of the Regency legacy which has a great community reputation and location recognition. Must-see interior. Interstate signage for a full building tenant. Exceptional I-680 accessibility with all amenities close by.

42ND & NICHOLAS STREET14,780 sq. ft. of general industrial space, with approximately 1,500 sq. ft. of office and enough storage to put your equipment inside! Includes a fenced lot, perfect property for a contractor or lawn care.

116TH & ARBOR ST. Evergreen Buildings A & BOpportunity to purchase or lease quality office buildings in a recovering market. Buying has upside potential through leasing and bringing rents up to market value. Suites offer windows that open and upper floor decks and you can park at your door. Campus-like setting with mature landscaping on quiet Arbor Street. Excellent central location within one minute to I-680 and West Center Road. All amenities nearby.

116TH & WEST CENTER ROAD Former Constructors Bonding and Insurance BuildingAll-brick construction prominently facing West Center Road. Includes eleven large offices and abundant parking at your door. Office build-out in place including phones, copiers, kitchen, and new air conditioning.

20TH & DOUGLAS STREET The Omaha ClubOwn your own office condo for less than leasing! Prestigious location, close proximity to Federal and County Courthouses. Enjoy all Downtown has to offer!

40TH & DODGE STREET Kilby PlaceNewer building near UNMC with superior curb appeal, generous parking, and Dodge Street signage. There are two quality tenants in place with available space built-out as a medical space.

22ND & AMES AVENUE Habitat for Humanity Warehouse12,900 sq. ft. industrial warehouse in East Omaha. All brick construction with three drive-in doors, one dock door, and an additional parking lot across the street.

156TH & Q STREET Walnut Grove ProfessionalThree fully occupied condos for sale. Suite 206 can be available within one year from sale. Signage available. Alegent occupies the entire first floor and owns the vacant ground to the south.

9TH AVE & 28TH STREET, COUNCIL BLUFFS3,205 sq. ft. industrial building near I-29 with one-half acre of land. Recently renovated with two large drive-in doors.

FORSALE

FORLEASE

OR

FORSALE

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OR

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OR

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OR

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FORSALE

West Center Rd.West Center Rd.

Pacific St.Pacific St.Leavenworth St.Leavenworth St.

Jones St.Jones St.

Jackson St.Jackson St.

ELKHORNHIGH

SCHOOL

ELKHORNHIGH

SCHOOL

LANOHANURSERYLANOHANURSERY

LOWE’SLOWE’S

WALMARTWALMART

CONAGRACAMPUS

CONAGRACAMPUS

EMBASSYSUITES

EMBASSYSUITES

UNIONPACIFICUNIONPACIFIC

OLD MARKETDISTRICT

OLD MARKETDISTRICT

DURHAM MUSEUMDURHAM MUSEUM

204t

h St

.20

4th

St.

192n

d St

.19

2nd

St.

180t

h St

.18

0th

St.

10th

St.

10th

St.

11th

St.

11th

St.

West Center Rd.West Center Rd.

Pacific St.Pacific St.Leavenworth St.Leavenworth St.

Jones St.Jones St.

Jackson St.Jackson St.

ELKHORNHIGH

SCHOOL

ELKHORNHIGH

SCHOOL

LANOHANURSERYLANOHANURSERY

LOWE’SLOWE’S

WALMARTWALMART

CONAGRACAMPUS

CONAGRACAMPUS

EMBASSYSUITES

EMBASSYSUITES

UNIONPACIFICUNIONPACIFIC

OLD MARKETDISTRICT

OLD MARKETDISTRICT

DURHAM MUSEUMDURHAM MUSEUM20

4th

St.

204t

h St

.

192n

d St

.19

2nd

St.

180t

h St

.18

0th

St.

10th

St.

10th

St.

11th

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9TH & JONES STREET2.07 acres of land for development opportunity in Downtown Omaha adjacent to the Old Market. Encompasses an entire square block. Possible 10th Street access. Existing parking structure and building could be repurposed or demolished.

204TH & WEST CENTER ROAD Center PointeLarge site, and one acre (and up) pad sites available. Located along West Center Road, Omaha’s premier retail corridor.

UNDER CONTRACT

Commercial Real Estate

NEW LISTINGSTo see our ComPleTe invenTory oF ProPerTies, visiT invesTorsomaha.Com

402-330-8000