MILFORD- CT-Sports apparel retailer Bob’s Stores has renewed its space of more than 50,000 square feet at Milford Plaza in Milford, CT for five years.  The five-year lease accounts 28 percent of the plaza’s total 181,000-square-foot space. Owner Stonemar Properties brokered the deal.

Stonemar says in a release that the deal includes a number of tenant improvements financed in part by the landlord. Among them are upgraded storefront and pylon sign graphics, dismantling and replacing an interior wall, installing maple color wall shelving to replace gray-column shelving, replacing the sales floor carpet and retrofitting new ceiling tiles and lighting.

Jonathan Gould, Stonemar’s CEO, says Milford Plaza is now nearly 90% occupied. The company, which bought the property with the Hampshire Cos. for $30 million in November 2008, is actively marketing the remaining 19,264 square feet.

Earlier this summer, New York City-based Gould told GlobeSt.com he was bullish on the future of power centers such as Milford Plaza. “We’re executing on our strategy and remain focused on buying power or grocery-anchored centers adjacent to, or very near, major malls,” he said. “We like that profile; we like the future of retail in these corridors.” Milford Plaza, for example, is about one-third of a mile down the road from the 1.4-million-square-foot Westfield Connecticut Post Mall.