BALTIMORE, MD-A local LLC is about to open the doors to an adaptive reuse of a manufacturing site made into a retail facility. Coincidentally, it just secured its final lease for the project, which means it will be making its debut fully leased.

The tenants are La z Boy, The Tile Shop and Famous Dave's. They inked a total of 43,642 square feet, with La z Boy signing the final lease within the last few weeks.

Located at 2301 York Rd., the site is a former manufacturing facility located in a submarket with mature retail and little new supply coming online, CBRE's Jeff Bach tells GlobeSt.com. Bach declined to discuss the asking rates but pointed to the submarket's fundamentals in suggesting they were premium rates. "The boxes went fast," he says. "There is just not a lot of space on York Road for stores like these."

CBRE was also instrumental in pushing for the building's adaptive reuse.

Bach's colleague Ketch Secor, working on behalf of the building's owner, saw the potential of the former manufacturing facility which had sat vacant for more than six years. Bach and Matt Copeland of the CBRE team then assisted in developing the strategy to convert it to retail, which entailed removing the front half of the building and leaving the back part intact with its high ceilings and the slab.

The Tile shop has leased 20,000 square feet, Lazy Boy 17,642 square feet and Famous Dave's leased the remaining 6,000 square feet at a pad site on the property. These are new locations for each of the retailers.

Instant Insights /

Baltimore Retail Debuts Fully-leased

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