X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SEEKONK, MA-Ann & Hope, the struggling Cumberland, RI-based discount department store chain, has leased 42,000 sf of space here in the Towne Centre shopping plaza. The chain plans to open three outlet stores in the space–Ann & Hope Garden Outlet, Smart Buy Outlet, and Curtain & Bath Outlet–in an effort to revitalize its brand in an increasingly tight discount retail market.

“They decided to reposition themselves because of stores like Target and Kohls,” Aidan Murray, leasing broker for the Grossman Companies, tells GlobeSt.com. The Grossman Companies redeveloped the 108,000-sf plaza, which it acquired as a speculative purchase over a year ago. Price Rite Supermarket is the plaza’s other anchor tenant, with 33,000 sf, and other tenants include the U. S. Post Office, Compass Bank and Family Dollar, a national discount chain. About 23,000 sf are still available.

The plaza is located on 14.7 acres at the intersection of Route 44 and Rte. 114A here about a quarter mile from the Rhode Island border.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt. NET LEASE Awards 2020Event

These awards honor the industry's most influential and knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.