August 03, 2015

Village Toymaker Moving to Greener Pastures After 23 Years

Memphis Business Journal
After 23 years in the same Germantown location, Village Toymaker owners Pat Monz and Kenneth Monz decided to make a move following expiration of their 2,500-square-foot lease at 7350 Poplar.
Before the end of February, they’re moving their specialty toy retail store to a larger space in the Shops of Forest Hill.
Working with Mary Singer, principal broker of Commercial Realty Group, Inc., and Jill Singer Schmitt, principal broker with CresaPartners Nashville, Pat Monz looked around the market in order to renegotiate a lease extension after their out-of-town landlord proposed a standard five-year extension with rent increase. They found many willing potential landlords before settling on 3,600 square feet of space at 9155 Poplar, which allows them to add a kid’s party room. The new location is also close to kid-friendly stores like fast-casual pizza chain Mellow Mushroom and Baskin-Robbins.
“I talked with some other people out on the market and many were interested in filling up their shopping centers and making a nice space for you to do business out of,” Pat Monz says.
Boyle Investment Co. president Bradley Wilford represented the landlord, Boyle, in the lease at the 365,000-square-foot shopping center.
The Village Toymaker also has a Collierville location and one in the Children’s Museum of Memphis, which opened Dec. 4, 2009.