News
MARSHALLS TAKES FILENE'S
October 31, 2012
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| No, not US marshalls patrolling flooded streets, thank goodness. Marshalls, the store, has committed to 31k SF on the second floor of David S. Brown Enterprises' 90k SF Lockwood Place at 600 E Pratt St, along the Inner Harbor, and will open early next year. That's the old digs for Filene's Basement. The fate of Best Buy's space on the third floor of Lockwood Place is still up in the air. The difference, says KLNB Retail's Tom Maddux, who repped Marshalls, is that Filene's went bankrupt, turning its space back over to the landlord. Best Buy simply closed the store, so it's still paying rent and controls the space. Not only does Marshalls' lease fill an empty spot Downtown, but it also provides big-box retail in an area where all similar offerings are stalled or in amorphous planning stages: the unfinanced Westside superblock; tight-lipped Ashkenazy's to-be-determined plan for Village at Cross Keys; Hekemian's still un-redeveloped Rotunda; and the mysteriously approved but unbuilt Walmart on 25th Steet.Mark Sapperstein's Canton Crossing, which will get a Target and a Harris Teeter, will open a year from now. |
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| Tom says the value-oriented retailer TJX has done well during the downturn and has been actively evaluating blocks of space left behind by other retailers. It recently opened a Marshalls and a TJ Maxx (a renovated Borders) in Frederick; a TJ Maxx in old office space in Downtown DC; one in an old Toys"R"Us in Columbia; a HomeGoods in Weis Market space in Bel Air; and a HomeGoods in an old A.C.Moore in Towson. |
