Terms of the lease were not disclosed, but the move-in willrequire a major overhaul of the existing building, according toMetro Commercial Real Estate Inc. president Daniel J. Hughes, whosecompany is managing all aspects of the interior demolition of thebuilding and subsequent renovation. There will be some 12,000 sf ofretail space, and the rest of the space will be occupied bywarehouse, freight conveyor, loading dock and new office space.
USA Baby is relocating and expanding from its current locationin nearby Marlton, NJ, and the new store is expected to becompleted this spring. "This relocation is the result of a stronginterplay between leasing and construction," according to Hughes."A leasing deal only makes sense when the full cost andimplications of construction are factored into the equation."
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.
