Signs went up last week indicating that L3 Corporation, a St. Louis-based retail space broker, is seeking retail tenants for the vacant site on West Osage.
“Coming Soon, New Retail Development,” the signs read.
L3 Corporation (which stands for Location, Location, Location) has placed signs at both ends of the vacant parcel of land on West Osage Street, which most residents know as the Lazy Larry property — the resale facility that occupied the site in the 1950s and 1960s.
William Eckelkamp, Washington, owns the property.
According to its website, L3 Corporation is a retail commercial brokerage firm specializing in tenant representation, landlord representation and property acquisition and disposition.
The company was founded in 1998 to represent retailers and shopping centers.
L3 Corporation, located at 12655 Olive Blvd., St. Louis, has not listed the Pacific property on its website that markets retail properties, but Ian Silberman said the Pacific site is an L3 listing and will be posted soon.
Retail space in more than 50 shopping centers in Illinois and Missouri are listed, including space in Union, Washington and Wildwood.
The company reported more than 20 retail transactions so far in 2013, including Dress Barn, JoAnn Fabric, Marshalls, Orange Leaf Frozen Yogurt and Ulta Beauty, which leased a combined total of 60,000 square feet of retail space at Phoenix Center II in Washington.
The firm also leased properties in Dardenne Prairie, St. Louis, Roberts, Bolivar, Jefferson City, Kansas City and Manchester, as well as properties in Illinois, Kansas, Michigan, South Carolina and Texas.
“We don’t have any specific information on what’s happening with the property,” Mayor Herb Adams said. “But we saw the signs go up, some retailer developers have talked to us recently about the site and we’re very encouraged by the signs.”