The store is one of several — Pier 1 Imports, Kirkland’s, Ulta Salon, Cosmetics & Fragrance, the Children’s Place, Rue 21 and Christopher & Banks — that will locate in the two buildings that form an L shape between Petco and Michaels.
“We were talking to most of these tenants when we were dealing with Best Buy and Michaels,” says Slawson’s Jerry Jones. “Then we had the 2008 financial crisis that just put all these deals on the back burner.”
He and broker April Reed, who handled the Lane Bryant deal among others, kept talking to the companies.
Though the deals took longer to put together than planned, Jones says it’s still a win to get the businesses — especially without a full market recovery.
“We were able to do it in a time where it was challenging to put deals together,” he says.
There are two areas left to lease in that part of NewMarket. There’s 8,000 square feet, which can be divided, next to Christopher & Banks, and 3,000 square feet next to Rue 21.
Jones is sharing the credit for almost completely leasing that area.
He says Kansas City-based U.S. Bank has “been very helpful,” Key Construction and its subcontractors have helped keep costs down, and Architectural Innovations “did a good job of getting the most bang for their buck that we could get.”