News
MEDIA TO COAT PLAY
August 11, 2011
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| The sign?s still up, but not for long. Burlington Coat Factory has leased the 48k SF former Media Play retail space at Woodlawn Marketplace, 4736 South Blvd in Charlotte. The space has been vacant about six years. The new lease brings occupancy at the 95k SF center to near capacity, Kimco Realty Corp.?s Greg Ix tells us. Kimco owns and manages the center, which is at South Blvd and Woodlawn Road. Other tenants include TJ Maxx, Firehouse Subs, and Family Dollar. Greg says Kimco has seen strong interest in all of its existing properties, due in no small part to the lack of new development. As pressure for growth drives retailers to look for possible expansion space, they're turning to older properties in established areas. ?We don't hear a lot of them saying they want to be where the people will be in the next five years,? Greg says. ?That's stopped cold. T hey want to be where the people are now.? The Chambers Group's Jay Chambers repped Burlington. Kimco repped itself. |
