MILFORD- CT-Sports apparel retailer Bob’s Stores has renewed itsspace of more than 50,000 square feet at Milford Plaza in Milford,CT for five years. The five-year lease accounts 28 percent ofthe plaza’s total 181,000-square-foot space. Owner StonemarProperties brokered the deal.
Stonemar says in a release that the deal includes a number oftenant improvements financed in part by the landlord. Among themare upgraded storefront and pylon sign graphics, dismantling andreplacing an interior wall, installing maple color wall shelving toreplace gray-column shelving, replacing the sales floor carpet andretrofitting new ceiling tiles and lighting.
Jonathan Gould, Stonemar’s CEO, says Milford Plaza is now nearly90% occupied. The company, which bought the property with theHampshire Cos. for $30 million in November 2008, is activelymarketing the remaining 19,264 square feet.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Paul Bubny
Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
