TEMPE, AZ-Stein Mart Inc. has signed a 10-year lease for 28,000 square feet in Tempe Marketplace to relocate its existing store. The national retailer will backfill a vacant Linens ‘N Things in the 130-acre, 1.3-million-square-foot project.

Stein Mart’s existing lease at 6426 South McClintock Dr. was up for renewal, and the chain, which is best described as a hybrid between an upscale department/specialty store and a traditional off-price retailer, decided against renewing. Instead, it chose to move just a few blocks away to the state’s third-busiest intersection, says David Malin, senior project manager for Vestar Development Co., the Phoenix-based developer and owner of Tempe Marketplace.

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