MILFORD, CT-Milford Plaza has locked down its anchor tenant foranother five years. The 181,000-square-foot shopping center here isfilling 28% of its space with the retailers. Bob's Stores willrenew its 50,000 square feet valued at $1.86 million. Stonemar, theplaza's owner, handled the transaction.


The property is seeking to fill the rest of its space, about 10%vacant, with a junior anchor or two smaller shops. The availablespace comes to 19,264 square feet, leaving just enough variety ofretailers as prospects. Milford Plaza is located at 155 CherryPlaza.


Part of the terms of the agreement between Bob's Stores andStonemar involved an upgraded storefront and pylon sign graphics.Some of the other pieces of the deal include replacing gray-columnshelving with maple color wall shelving, replacing the carpet andretrofitting new ceiling tiles and lighting.

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