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Route 59 Kohl's Plaza Sells For $27M
The Kohl’s Plaza on Route 59 in Nanuet has reportedly been sold to a private investor for more than $27 million.
The 157,218-square-foot plaza sits on 15.8 acres of property, according to loop real estate firm Loopnet. Current tenants at the plaza include Kohl’s, 94,260-square-feet); Rockland Music Center (2,500); Mattress Firm (5,175); Sally’s Beauty Supply (1,500) and GameStop (1,750).
Bob’s Discount Furniture (37,380-square-feet) - also in the same plaza, was sold last month to an LLC associated with Patrick Magee of MBC Contractors.
The sale of Kohl’s Plaza continues the recent upheava…
Retailer A.C. Moore Closing All 145 Stores
A.C. Moore has become the latest company to abandon traditional-brick-and-mortar retail stores as part of a “broader strategic plan.”
Nicole Crafts, A.C. Moore’s parent company, announced on Monday, Nov. 25, that it would be closing down all of its 145 arts-and-crafts stores, including in New York and Connecticut, as part of the mass restructuring.
"For over 30 years, our stores have been servicing the creative community with a vast selection of art and craft materials, with one common focus, the customer,” Anthony Piperno, Chief Executive Officer of A.C. Moore said “Unfortunately, given t…
Stop & Shop To Hold Job Fairs, Seeking To Fill More Than 1,000 Positions In Region
Popular grocery chain Stop & Shop is holding a series of job fairs to fill more than 1,000 part-time positions in the area.
Stop & Shop, which employs nearly 60,000 associates and operates more than 400 stores throughout New York, Connecticut, Massachusetts, Rhode Island and New Jersey, hopes to fill positions in the bakery, deli, grocery, produce, seafood and meat departments. The chain is also looking to add new members to its night crew as well as cashiers, porters and baggers.
While Stop & Shop reportedly fills 80 percent of its open positions by promoting from within, the g…
Bed Bath & Beyond Will Close At Least 40 Stores
Bed Bath and Beyond is planning to close at least 40 stores to help stem losses after it lost $253.8 million in the fourth quarter last year.
The home goods retailer, founded in 1971 and headquartered in Union Township, New Jersey, forecast dismal first-quarter profits, sinking shares in its stock on Friday, Feb. 12 as the company struggles to compete with online retailers such as Amazon.
The 40 stores scheduled for closure were not announced.
While the company, with 1,550 locations and more than 60,000 employees, also announced it plans on opening around 15 new locations,…
