CBRE/Grossman Retail Advisors leases 20,000 s/f to Forever 21

Boston, MA According to CBRE/Grossman Retail Advisors, Forever 21 leased 20,000 s/f at 449 Washington St. in Downtown Crossing. The store will have a footprint at street level with two additional levels, a unique concept for Boston retailers.

“With Primark and Roche Bros. grocery store opening in the neighborhood, Downtown Crossing’s resurgence continues to attract great retail and restaurants,” said CBRE/GRA’s Jeff Arsenault, who represented the landlord on the transaction. “The hip, up-and-coming feel of the area appeals to the types of shoppers that frequent Forever 21.”

Forever 21 is a fashion retailer of women’s, men’s and children’s clothing and accessories and operates more than 730 stores in the United States, Australia, Brazil, Canada, China, France, Germany, Hong Kong, India, Israel, Japan, Korea, Latin America, Mexico, Philippines and United Kingdom.

“Forever 21 plans to replace the current façade of the store to reflect their new urban style,” said Arsenault. “This addition to Downtown Crossing, along with other new shops and restaurants, will further solidify the neighborhood as a shopping destination in Boston.”

Arsenault represented the owner, Dexter Crossing Retail, LLC, in the transaction, and Dartmouth Company represented Forever 21.