November 7, 2019
Berengaria, a portfolio company of Marcus Investments, signed both TJ Maxx and Five Below to 10-year leases at the Grafton Commons retail development in Grafton, WI. The two signings put the shopping center at 100% occupancy.
TJ Maxx and Five Below will occupy what was formerly Grafton Commons’ Best Buy store, along with a 2,500-square-foot addition, to occupy approximately 32,500 square feet in total.
“Not only will these retailers add increased traffic, but it is our feeling that they will attract additional shoppers to Grafton who may have shopped at other developments throughout the Milwaukee area,” said Jay Peirick, president of Berengaria. Additional tenants include Kohl’s, Michaels, PetSmart, Aldi and Dick’s Sporting Goods.
Marcus Investments plans to recapitalize Grafton Commons by year end.
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