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April 10, 2015

Sherwood Center for the Arts looking for retailers

Sherwood Gazette

Ray Pitz

City manager thinks site is ideal for a restaurant

The city of Sherwood is still seeking tenants for retail space in the Sherwood Center for the Arts, recently hiring a broker to help out.

The new 15,000-square-foot center opened at the end of February with plans to use 3,100 square feet for retail or office space.

Kidder Matthews currently is seeking tenants with an asking rent of $18 per square foot for the site located at 22689 Pine St.

That space could be divided into three, 1,000-square-foot spaces, city officials have said.

City Manager Joe Gall said the hope is that the city will receive multiple interested parties, having to decide on who would make the best tenants.

"We'd like something that would be a really nice fit with the arts center," said Gall, adding he thinks a restaurant would be "awesome."

Assistant City Manager Tom Pessemier said the city will begin reviewing proposals at the end of April with a goal to have some type of retail ventures up and running this summer.

Money raised from leasing the space will go into offsetting operating expenses of the center.

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