Charter Realty leases 25,000 s/f to T.J. Maxx at Aroostook Center Mall
Charter Realty & Development Corp. has arranged a 25,000 s/f lease for a T.J.Maxx store in the Aroostook Center Mall. T.J.Maxx will join Lowes, Sears, JC Penney and others in this project. The 525,000 s/f project is owned by Sitt Asset Management and is located on U.S. Rte. 1.
T.J.Maxx sells brand name family apparel, including women's footwear and active wear, home fashions and other merchandise. T.J.Maxx differentiates itself from Marshalls with an expanded assortment of jewelry and accessories, all at prices 20-60% below department and specialty store regular prices.
Charter Realty currently represents TJX Companies for their T.J.Maxx, Marshalls, Marshalls Shoes and HomeGoods divisions in various markets throughout the Northeast.
West Roxbury, MA Prescott IOS has arranged an industrial outdoor storage lease for Eastern Bus Company at 151 Rivermoor St. David Skinner and Devon Wagner of Prescott IOS represented the tenant, while Caroline Munn nd Rob Byrne of CBRE represented the landlord, Feeney Brothers Real Estate. The 40,000 front foot site gives the bus operator secured yard space close to the routes it serves across Boston and the inner suburbs.
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Now what? As the year comes to a close, the state of retail is always in the news. The answers vary greatly depending on who in the various related industries you ask, each offering a unique lens on the challenges and opportunities ahead.