The spaces' quoted rates range from $16.60 per sf to $18.60 per sf plus tenant-improvement allowances. At the 135,000-sf Corum Station Shopping Center at 4880 Louetta Rd. in Spring, Steve & Barry's will backfill a Randall's grocery and drug store. In the 1.2-million-sf mall at 20131 U.S. 59 N. in Humble, the deal backfills an empty Mervyns store.
Doug Calvin, real estate director for Port Washington, NY-based Steve & Barry's, says upcoming tenant improvements will include wood flooring, plasma screen monitors and fixture systems. Both locations are scheduled to open within four months.
"Our average store size is 55,000 sf, though we've been trending larger," Calvin says. "We've done stores over 100,000 sf and prefer junior anchor and anchor-size stores."
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
