Retail Musical Chairs
Electronics powerhouse Best Buy will relocate from their 30,000sf location across Mooney to a larger 41,000sf space, the former Sports Chalet building next to Target with plans to open by February.
So says agent Jon Stansbury of Cushman & Wakefield, who represented the seller of the building. Stansbury says the buyer is not Best Buy but DBO developers who built the Packwood Creek shopping center and will be leasing the space to Best Buy.
The fast moving deal leaves another tenant,Bobs Discount Furniture, out in the cold looking for another place to land. Bob’s had applied to the city for tenant improvements at the Sports Chalet building but was unexpectedly displaced when the owner agreed to sell the place to DBO, in a deal that is set to close later in September says Stansbury.
The current Best Buy building’s private owner will now be looking for a tenant come February with no word on who might go in.
“Jr Anchor spaces are hard to fill right now” suggests Stansbury who saw the Sports Chalet space sitting idle for several years.
Not that there wont be plenty of choice with half of Sears available along with the vacant Toys R Us and the soon to be empty Orchard Supply.