National Discount Retailer to Open at Mayfair Shopping Center in Commack
Stein Mart, the Jacksonville-headquartered discount apparel and home fashion retailer, is set to open its first store on Long Island in the Levin-managed Mayfair Shopping Center in Commack. The store will occupy 30,800 square feet of space in the 221,000-square-foot shopping center.
Expansion Reflects Retail Real Estate Trend in Recovering Economy
Stein Mart, which is undergoing its largest expansion since 2007, had been shopping the Long Island commercial retail real estate market for space for some time before selecting the Levin-managed property. The retailer currently operates more than 260 stores in 29 states. Each store offers a distinctive assortment of current-season, brand-name fashion apparel for women and men, along with accessories, home décor, linens and shoes – all at prices up to 60 percent off brand name and specialty merchandise. Typical brand offerings are Coach, Michael Kors, Anne Klein, Vince Camuto, Robert Graham, Tommy Hilfiger, Nautica, Nine West and Vera Bradley, among many others.
Retail Leasing Activity is Brisk at Well-Positioned Mayfair Shopping Center
The new Stein Mart space was formerly occupied by MJM Designer Shoes. The brand-name shoe, sandal, boot and sneaker retailer is relocating to a newly leased 12,000-square-foot space within Mayfair Shopping Center. Smartphone and tablet expert I-Fix-Screens also recently joined the center’s tenant mix, leasing 1,200 square feet. Other tenants include the anchor tenant, a 60,000-square-foot Waldbaum's supermarket, Gap/Gap Kids, Ann Taylor Loft, New York & Company, Justice, Jos. A. Bank, Chico’s, Claire’s Accessories, GameStop, Verizon Wireless, Rite Aid, Sherwin Williams, Cactus Beauty Salon, Capital One Bank, H&R Block and Outback Steakhouse. Choice Pet Supply opened at the center in August. Inline spaces (1,320 SF to 2,550 SF) and a newly constructed 3,750-square-foot end cap restaurant space remain available.
Mayfair Shopping Center commands a prime position on the heavily traveled Jericho Turnpike just east of the Sunken Meadow Parkway. It serves a growing residential population of more than 205,000 people within a five-mile radius, with an average household income of more than $116,800. The daily traffic count exceeds 29,000 vehicles.
Mayfair and Stein Mart Cited as “Perfect Fit” in Retail Leasing
In a recent interview with Newsday, Hunt Hawkins, Stein Mart’s president and COO, calls Mayfair’s locale and tenant mix “a perfect fit” for their target customer. Hawkins’ assessment is echoed by our senior leasing representative Jake Frantzman, who negotiated the transaction. He cites the mutual advantages of the new lease, which enhances Mayfair Shopping Center’s existing appeal to Long Island shoppers and supports Stein Mart’s national expansion strategy into a lucrative new market of targeted customers.