X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

For more retail coverage, click GlobeSt.com/RETAIL.

HAMDEN, CT-In a deal brokered by GVA Williams of Stamford, Modell’s Sporting Goods has signed a 15-year lease for 18,000 sf of space at the Marketplace shopping center here. The retailer plans opens today in the former Toy Works space at the Marketplace complex. The 13,500-sf store will be expanded to 18,000 sf by the summer of 2005, GVA Williams officials note.

Scott Lifschultz, executive vice president of GVA Williams, represented the property ownership, Alecta Real Estate Investment Management as well as the tenant, Modell’s Sporting Goods. GVA Williams, which represents Modell’s in Connecticut, reports that the sports retailer plans to open another five to eight new stores in the next two years in the Nutmeg State. Some of the locations being considered include Stamford, Norwalk, Danbury and Manchester.

The lease in Hamden is the second transaction completed for Modell’s by GVA Williams in Connecticut. Modell’s opened a store in Bridgeport in November 2003. The Marketplace shopping center is located in the heart of Route 10/Dixwell Ave—the so called “Magic Mile” in Hamden. The 240,000-sf power center also features such retail tenants as Super Stop & Shop, Pier 1 Imports, Sears Hardware, Staples, TGI Fridays, TJ Maxx & More and Old Navy.

“The demographic make-up and rationality of the Dixwell ‘Magic Mile’ and the void in product selection and pricing that Modell’s offers made the Hamden location a natural fit for our store,” says Douglas A. Epstein, vice president/real estate for Modell’s Sporting Goods. Modell’s Sporting Goods and its affiliates operate more than 115 stores throughout New York, New Jersey, Pennsylvania, Connecticut, Delaware, Maryland, Massachusetts, New Hampshire and Virginia.

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

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.