250,000 Square Foot Retail Space For Lease @ 2655 Teaster Ln - 1

Pigeon River Crossings (formerly Belz Outlet Mall) is a 390,248 sf retail center spanning 3 buildings on a prominent section of Teaster Lane, just one block off of Hwy 441 (Parkway) at the intersection of Wears Valley Rd. Teaster Lane is a major road that parallels the Parkway and provides easy access to/from Dollywood via Veteran' s Pkwy. The property was originally constructed in 1989 and the current configuration includes:

o Annex 1 152,134 sf big box strip anchored by Old Time Pottery
o Annex 2 52,626 sf strip located across Teaster Lane with many conventional and outlet tenants such as Nike, rue21, Dress Barn, Rack Room Shoes, Easy Spirit, Lane Bryant, GH Bass, etc.
o Main Mall 185,488 sq. ft. of GLA (223,000+ sf total) in the only enclosed mall in the region. The main focus of this project will consist of redeveloping the mall into a more conventional big-box strip center to take advantage of the excellent location and infrastructure already in place. The mall was a regional destination when it opened and for many years after, and our extensive background in redevelopments will make this a centerpiece for retail in the market again in short order.

Pigeon Forge is one of the top tourist destinations in the country (10.5 million visitors annually), and the Great Smoky Mountains National Park is the most visited national park, with visitation over 9 million annually. Pigeon Forge is a bustling town, but it only has approximately 5,800 permanent residents. However, visitors boost the daily population in excess of 50,000 on a regular basis. Many of these tourists rent one of over 10,000 cabins or other extended stay facilities, and in doing so spend a great deal of time and money here. This market is outperforming similar tourist destinations like Branson, Myrtle Beach, Wisconsin Dells, etc. in both tourism numbers and retail sales volume.