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HomeGoods to Take Portion of Former Jacobson's Space

NORTH PALM BEACH, FL-The home fashion store signed a 28,727-sf retail lease at Oakbrook Square Shops here. They will occupy space on the second floor of the building in part of the 90,000 sf that Jacobson's vacated.

By Melissa Bogdany | Updated on August 25, 2003

NORTH PALM BEACH, FL-HomeGoods has inked a lease for 28,727 sf of retail space at Oakbrook Square Shops, a local shopping center that is owned by Equity One Inc. The space, located at 1586 U.S. Highway 1, is on the second floor of the shopping center in space formerly occupied by Jacobson’s department store before it closed its South Florida stores.

The specific terms of the lease were not disclosed. However, based on average rents in the area, the long-term lease is estimated to be valued in the neighborhood of at least $4 million.

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