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NOTEBOOK: With large anchors a ‘dying breed,’ new owners of Eastwood Village Shopping Center ponder options

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Travis Overhue has taken a look at large anchors for neighborhood shopping centers and come to the conclusion that “they are a dying breed.” With that in mind, don’t expect a large grocery store to take up the roughly 63,000 square feet that Dahl’s Foods once occupied at Eastwood Village Shopping Center at East 33rd Street and East Euclid Avenue. Overhue and other members of his family paid $1.85 million during an online auction for the property, which had been turned over to a special servicer in 2015. In 2005, Hurd Real Estate Services sold the center for nearly $8.4 million to investors out of New York. Hurd said he spent between $1 million and $2 million on upgrades to Eastwood Village after buying it in the 1990s, and “worked it hard” to keep tenants on the property. Overhue said his family also plans upgrades to the buildings and landscaping and is still pondering uses for the space once occupied by Dahl’s and, before Dahl’s, other grocery operations. One possible use would be self-storage. Overhue said he is meeting with neighborhood groups and officials from the city of Des Moines to discuss future uses for the property. The Overhues, with operations in Springfield, Mo., and the Omaha/Council Bluffs area, are not strangers to Greater Des Moines, having bought several residential and smaller commercial properties in the past. Overhue said one known use for the center is a family-owned real estate office..