HomeGoods Signs 10-Year Lease For 22,052 Square Feet At Peters Plaza In High Point NC

The property asset involved in the transaction is a retail space located at 274 Eastchester Drive in High Point, NC, comprising 22,052 square feet. The lease has been signed by HomeGoods, marking the establishment's fourth location in the Triad area and its 30th statewide. The landlord is Dr. Lenny Peters, representing Peters Development, LLC, which has included a stipulation in the lease agreement not to lease any spaces larger than 10,000 square feet to competing home goods retailers.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: Not specified
• Landlord: Dr. Lenny Peters - Peters Development, LLC
• Tenant: HomeGoods
• Lease Terms: 10-year

The deal highlights the collaboration between Dr. Lenny Peters and HomeGoods, creating a strategic location for the retailer in a competitive market. This lease reflects the ongoing expansion of HomeGoods, positioning them favorably within the region. The agreement reinforces Peters Development's commitment to maintaining a diverse range of tenants in the property.