Loy Welker, president of Broadway Park Investment, recently purchased two commercial properties in Cape Girardeau. He bought the strip mall at 820 N. Sprigg from Bobby McDonald. The mall includes Tan It All, Burritoville, Mr. Goodcents, the White House and DC'z Cafe.
Welker, who is also the primary owner of Capital Insurance, plans to extend that development to make room for more businesses. Welker has also purchased the acreage behind the development, which he plans to develop into apartment buildings.
The second development he bought is on North Kingshighway that is home to The Brace Place, Miracle Ear and Remax Achievers. The deal was facilitated by Ken Inman of Century 21 Ashland Realty.