Thank you for sharing!

Your article was successfully shared with the contacts you provided.

CHERRY HILL, NJ-USA Baby, the Elmhurst, IL-based retailer of baby and kids’ furniture, has signed a lease for 24,000 sf of space in the Syms clothing store here. Syms is the owner of the building.

Terms of the lease were not disclosed, but the move-in will require a major overhaul of the existing building, according to Metro Commercial Real Estate Inc. president Daniel J. Hughes, whose company is managing all aspects of the interior demolition of the building and subsequent renovation. There will be some 12,000 sf of retail space, and the rest of the space will be occupied by warehouse, freight conveyor, loading dock and new office space.

USA Baby is relocating and expanding from its current location in nearby Marlton, NJ, and the new store is expected to be completed this spring. “This relocation is the result of a strong interplay between leasing and construction,” according to Hughes. “A leasing deal only makes sense when the full cost and implications of construction are factored into the equation.”

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


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.