Michaels Signs 10-Year Lease For 25,600 SF Space In Delray Beach's Delray Corner Shopping Center | 14824 South Military Trail | Bryan Fetherston, Nicole Fontaine | Retail | Lease

Summary

Lease

FLORIDA

Retail

25,600 sqft

Michaels, a national arts and crafts retailer, has signed a 10-year lease for a 25,600-square-foot space in Delray Corner shopping center, located at 14824 South Military Trail in Delray Beach. The lease transaction was facilitated by Nicole Fontaine of Katz & Associates, representing the landlord Berta Management of Florida, and Bryan Fetherston of The Shopping Center Group, representing Michaels as the tenant. The store is set to open in Q1 2023, taking over the former Bed Bath & Beyond location, and will contribute to the shopping center's high occupancy rate of over 97%.

Summary of Transaction Details:

Property Type: Retail
Transaction Amount: Not mentioned
Square Footage: 25,600 SF
Address: 14824 South Military Trail, Delray Beach
Market: Delray Beach
Landlord: Berta Management of Florida - Michael Kanoff
Tenant: Michaels - Ashley Buchanan
Landlord's Rep: Nicole Fontaine - Katz & Associates
Tenant's Rep: Bryan Fetherston - The Shopping Center Group
Lease Terms: 10 years

Players

All
4

Agents
2
Agencies
2

Bryan Fetherston

Nicole Fontaine

Katz & Associates Real Estate Advisors-image

Nicole Fontaine

Katz & Associates Real Estate Advisors

TSCG (The Shopping Center Group)

Details

Deal Summary

LEASED

IMAGE: Bryan Fetherston, Ashley Buchanan & Nicole Fontaine DATE: 09/15/2023 ADDRESS: 14824 South Military Trail MARKET: Delray Beach ASSET TYPE: Retail ~ SF: 25,600 LANDLORD: Berta Management of Florida - Michael Kanoff TENANT: Michaels (@michaelsstores) - Ashley Buchanan LANDLORD'S REP: Nicole Fontaine - Katz & Associates (@katzretail) TENANT'S REP: Bryan Fetherston (@bryanbobbie) - The Shopping Center Group (@tscg) LEASE TERMS: 10-year NOTE: Michaels, a national arts and crafts retailer, has signed a 10-year lease for a 25,600-square-foot space in Delray Corner shopping center, taking over the former Bed Bath & Beyond location. The store is scheduled to open in Q1 2023, boosting the shopping center's occupancy to over 97%.

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Address14824 South Military Trail

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