The store's 25,000-square-foot lease is a “slam-dunk” with its new concept in retail, says Craig Deitelzweig, CEO of Marx Realty which owns and manages the property.
TCS officials note that Miami is one of the nation's strongest industrial markets with low single-digit vacancy and demand concentrated in the Medley, Hialeah, and Miami Airport submarkets.
The Orange County market closed Q1 with more than 800,000 square feet in negative absorption following the retailer's exit from its 1.1 million facility.
One Ardmore is the culmination of a successful public/private partnership between Dranoff Properties and Lower Merion Township, which served as a principal catalyst for the economic revival of Ardmore and the arrival of high-quality residential living in the downtown district.
Bleznak has represented some of the premier names in the retail industry including Whole Foods, CVS, Wawa, BJ's Restaurant Group, California Pizza Kitchen, Redstone American Grill, Lululemon, Dave & Buster's, A.C. Moore and Citizens Bank.
Sacramento's growing economy, fueled by population growth, affordability and investment in urban development, speak to the market potential of this MSA, not only for retail but healthcare.