Citizens For A Better Norwood

Tuesday, August 03, 2010

Despite poor economy, Rookwoods close to 100% leased

According to the Enquirer, five new retailers will be occupying vacant retail spaces at Rookwood Commons and Pavilion: The Wine Guy, wine bar, bistro, and wine shop; Charming Charlie, a women’s jewelry, accessories, and handbag retailer; Mattress Frim; McSwain Carpets & Floors; and Hot Mama, a boutique for moms and moms-to-be. The new tenants are leasing either vacated spaces or extra spaces that have resulted from downsizing by current tenants.

Mark Fallon, vice president of leasing for developer Jeffrey R. Anderson Real Estate, has worked over the past year to renew leases at both Rookwoods, nearly all of which came due during the worst economic time in recent history. Retailers around the country to closing stores in shopping centers and malls. “It could have been disastrous,” he said. Instead, the new tenants mean Rookwood Commons is nearly 100% leased, and Rookwood Pavilion will be fully leased when The Wine Guy opens by Thanksgiving.