Kohl's signs lease at Hyannis plaza
HYANNIS, Oct 04, 2012 (Menafn - Cape Cod Times - McClatchy-Tribune Information Services via COMTEX) --A national department store has signed a lease to take over the former Stop & Shop building at Southwind Plaza in Hyannis, according to the plaza's property manager.
Andrew T. LaGrega, a principal with The Wilder Companies, said the store has signed the lease for the facility but nothing would be announced regarding its identity until it receives town permits.
Barnstable Building Commissioner Thomas Perry said officials from Kohl's, a retail chain based in Wisconsin, spoke with the town last week about the facility and what would be required regarding building permits. Perry said Wednesday afternoon that Kohl's officials had not filed any town papers and did not give the town a timetable for when they may.
Stop & Shop left the 55,000-square-foot building at Southwind Plaza in July for a larger facility it constructed nearby.
Kohl's officials did not return requests for comment regarding a potential move to Hyannis. The company has 1,146 stores in 49 states, according to its website. That includes locations in 24 Massachusetts towns or cities.
LaGrega said Wilder can leverage about 38,000 square feet in retail space -- both existing and available for construction -- to recruit other stores next to the old Shop & Shop in the plaza. It currently is negotiating with several national retailers about that space and the former Borders building nearby. Nobody has signed a lease yet for that building, which has housed temporary, pop-up stores -- including a Halloween store -- since Borders folded early last year.
Once the new tenant for the Stop & Shop location is announced, LaGrega expects those spaces to fill quickly. "We are trying to have everybody open by the fall of 2013," he said.
Southwind Plaza has approval to build an 8,000-square-foot building between the Borders building and Sam Diego's, to be used for retail and restaurants. LaGrega said his company will turn its attention to that project once tenants are chosen for the other spaces.
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