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BJ's, Linens On Things leases complete Nassau project.


Commitments for two new anchor stores, BJ's Wholesale Club BJ's Wholesale Club, Inc. NYSE: BJ is a membership-only warehouse club chain operating in the East Coast of the United States, as well as in the state of Ohio. History  and Linens On Things, and the expansion of Hunter Business School, have just been announced at Nassau Mall in Levittown, N.Y., according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 the shopping center's owner/operator The Feil Organization.

Construction is already underway for the 114,000 s/f BJ's and 32,000 s/f Linens On Things. Both retailers are scheduled to open this fall and will join Lord & Taylor and Best Buy, as well as the newly remodeled Hunter Business School, which has just completed a 6,000 s/f expansion into 14,000 s/f.

Nassau Mall is located adjacent to Crescent Plaza, (also owned by The Feil Organization), and shares parking facilities with the 200,000 s/f retail strip center. Thus, Nassau Mall retailers benefit from constant cross-shopping clientele with Kohl's, Loews Theatres, Michaels, Party City and Old Navy.

Located directly on the highly-trafficked Hempstead Turnpike in one of Long Island's most affluent and densely-populated communities, Nassau Mall is strategically situated to capitalize on Cap´i`tal`ize on`   

v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>.
 the Nassau county Nassau County is the name of two counties in the United States of America:
  • Nassau County, New York
  • Nassau County, Florida
 market area of over 1 millionconsumers with an average household income of nearly $80,000.

Built in the 70's, the enclosed, two-level center opened with anchor tenants Rickel's and Pathmark. The Feil Organization purchased the center in 1987, renovated the building exterior and interior and remixed the tenancy to offer a more upscale and diverse variety of goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. . With the addition of such retailers as Mandee, Foot Locker Foot Locker, Inc. (NYSE: FL) is a major American sportswear and footwear retailer, with its headquarters in New York City, and operating in approximately 20 countries worldwide. It is the successor corporation to the F.W. Woolworth Company (“Woolworth’s”). , Hallmark and Dress Barn, Nassau Mall prospered for over a decade.

When the industry-wide move to build power centers came about in the late 1990's, The Feil Organization decided that Nassau Mall needed repositioning repositioning Laparoscopic surgery The changing of a Pt's position during a procedure to improve access or visualization of the operative field, which may be linked to complications, as it changes anatomic planes of operation. Cf Laparoscopic surgery. . A five-year, multi-million dollar renovation plan was put into place to de-mall and re-tenant the center with big-box, power retailers. Best Buy and Coconuts were brought in and Lord & Taylor expanded. With the current addition of BJ's and Linens On Things, the redevelopment of Nassau Mall will be complete by the end of 2004.
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Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:Retail
Publication:Real Estate Weekly
Geographic Code:1USA
Date:Aug 11, 2004
Words:332
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