Wal-Mart signs for 186,000 s/f at White Plains mall.

Staubach Retail announced that Wal-Mart Stores, Inc., has leased 186,000 s/f at Shoppes on Main, a new retail center being developed at 275 Main St. in White Plains, N.Y. Developed by a partnership of Ivy Equities and Barrow Street Capital, Shoppes on Main encompasses 280,000 s/f of multi-level retail space distributed over three levels. The proposed Wal-Mart store will be located on two levels and will be one of the first Wal-Mart stores in the nation to feature multiple levels and deck parking.

Formerly a Sears department store, Shoppes on Main is the result of a multimillion dollar renovation project. With the commitment from Wal-Mart, there is now one divisible space of 82,000 s/f remaining to be leased.

The execution of the Wal-Mart lease represents another phase of Staubach Retail's involvement in the Shoppes on Main. Staubach Retail's activities on the development included selling the property for Sears, acting in an advisory capacity to Sears for the move into the Galleria at White Plains mall, serving as design and development consultant on the re-development of the property and as leasing agent for the property.

Staubach Retail represented the landlord, Ivy and Barrow Street, and Treeline Real Estate represented Wal-Mart stores.

"This transaction exhibits the continued retail renaissance of the city of White Plains," said Patrick A. Smith, principal of Staubach Retail's Northeast region. "White Plains has evolved into a true retail destination, servicing the majority of Westchester county and lower Fairfield county."