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A&P bankruptcy pushes central New Jersey retail vacancy rate up
The demise of The Great Atlantic & Pacific Tea Co. elevated the retail vacancy rate along central New Jersey’s major shopping corridors to 8.8% from 7.5% in 2014.
That’s according to the latest study by R.J. Brunelli & Co. Despite the uptick, the region’s 2015 vacancy factor remained a healthy distance from the 10.2% recorded in 2013 and the eight-year high of 10.5% set in 2011, but was well above the period’s low point of 4.8% posted in 2008.
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Francesca’s to open first Denton, Texas location
Denton, Texas -- The Weitzman Group announced it’s brokered a deal with Francesca's for 1,200 sq. ft. of retail space in Golden Triangle Mall, located in Denton, Texas. This will be Francesca’s first location in Denton.
Blake Shipp with the Commercial Retail Division of The Weitzman Group and Paul Burridge with MGHerring Group handled negotiations for the mall. Robert J. Wright with Collett Southwest represented the retailer.
