Developed on spec, Rutherford Crossing quickly attracted Targetand Lowe's Home Improvement as anchors. Since then, the duodevelopers have signed on the following companies to occupy space:McDonald's, Chic-Fil-A, Famous Footwear, Maurice's, Sleepy's, HairCuttery, Tropical Smoothie, Daily Grind, Jerry's Subs and Pizza andProTel.
NVRetail president Jack Waghorn tells GlobeSt.com that with thespace 46% committed, they will be concentrating on local, smallshop tenants going forward. Asking rates for this space will be $30per sf. "We are ahead of schedule in leasing space here," he says.The local market, he says, "has a healthy economy and is underretailed. We got a lot of interest from national credittenants."
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
