patching...
Welcome back, Patch Blogger!

Stores Still Competing for Borders Site

A lease is still a few months away, broker says

 

 

Several retailers are still interested in moving into the former Borders site in Strongsville, but a lease has not been signed, a broker for the plaza said.

Harvey Kay of Kay Brokerage & Consulting said the negotiations continue.

"We haven't decided on anyone yet," Kay said.

He said he does not expect to sign a lease for another 60 to 90 days.

But he said interest is still high in the former bookstore on Royalton Road.

Last August, Earth Fare announced it had signed a lease for the vacant 27,000-square-foot Borders store.

But a few weeks later, U.S. Bank filed a foreclosure action in Cuyahoga County Common Pleas Court against the owner of the shopping center.

The foreclosure appeared to impact the deal with the North Carolina-based Earth Fare, which calls itself a healthy supermarket.

Kay said in January that Earth Fare was still interested, but so were three other national retailers.

Borders went out of business in 2011. The Strongsville store closed in September of that year.

Economic Development Director Brent Painter said in January that the year-long vacancy has more to do with the owner's legal problems than with finding a tenant.

"I think the issue was more wth the ownership of the building," Painter said. "There's always been interest in the site."

Earth Fare operates 28 stores in eight states -- including Fairview Park and Fairlawn -- and offers natural foods like local and organic fruits and vegetables. The store also has a full-service meat, poultry and fish department.

Related Topics: Borders Strongsville, Earth Fare, new business strongsville, and new tenant for borders

Jeff

2:11 pm on Friday, March 1, 2013

I don't understand the delay. Strongsville is a vibrant community and I would think that a vast array of retailers would flourish in that location.

Reply
Comment_arrow

Pete

7:49 pm on Friday, March 1, 2013

Did you even read the article? It says why. A foreclosure messed it all up.

Pam428

3:52 pm on Friday, March 1, 2013

Have you scene how many vacancies there are in Strongsville? And when a business comes in you are lucky if it lasts a year

Reply

PJ Apostle

7:40 pm on Friday, March 1, 2013

Please bring in another bookstore!!!! We so desperately need them around here.

Reply

Pete

7:52 pm on Friday, March 1, 2013

I have no problem with Earthfare or Trader Joe's but I say let Barnes and Noble move in there and delay Earthfare or Trader Joe's till the new Giant Eagle is built since it will be perfect to fill the future vacant building at Southpark. MIddleburg took a few years to fill the old site when they moved across the Southland lot. Don't let Strongsville's make the same mistake.

Reply
Comment_arrow

Paul R

9:29 pm on Friday, March 1, 2013

it's my understanding that Big Bird will still control their old site. They've stated that whatever moves in there it will not a food store.

Donna

8:47 pm on Friday, March 1, 2013

Barnes and Noble-----we desperately need a bookstore in the area!!!!

Reply

Karen

11:45 am on Monday, March 4, 2013

I'm still hoping Earth Fare goes in there. Would really love to see 1/2 priced books come over here. The Exchange too. Rocky River had a lovely 1/2 priced bookstore. We drove over there as often as we could. They closed this past xmas. Was a very pleasant place to take the family, something for everyone. Last I heard/read, Toys R Us was going into the Giant Eagle spot...

Reply

Leave a comment