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Michaels to open at Fairlane Village Mall
Pottsville, Pa. -- North Plainfield, N.J.-based Levin Management Corp. announced that Michaels Stores has leased 22,000 sq. ft. at Fairlane Village Mall in Pottsville, Pa.
Levin is the leasing and management agent for the property, which is owned by Ashok Mehra. Michaels’ commitment comes on the heels of a lease by Kohl’s Department Stores, reflecting momentum for the 405,000-sq.-ft. property.
Kohl’s will be opening its new 57,860-sq.-ft. store in early March.
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Report: J.C. Penney drops plans for downtown Seattle store
New York City -- J.C. Penney has dropped its plans to open a store in the Kress Building downtown Seattle, according to The Seattle Times.
The chain signed a lease last May for two-thirds of the building, but the space is now being shopped around for sublease, the report said.
"This had nothing to do with Seattle or the location. The timing just did not match up with their new CEO," Seattle Pacific Realty broker Elizabeth Best, who is representing J.C. Penney in its search for a sublease tenant, said in the report.