Several retailers have closed up shop in recent months in the Station Park retail and office park in Farmington, but developers are filling the void with new tenants. Station Park owners blame the closures mostly on nationwide shutdowns of retailers and restaurants.
“As a result of the revolution in the retail cycle, some retailers are experiencing decreased earnings and nationwide store closures,” said Chris Byers, senior vice president of leasing at CenterCal Properties. “While we are sorry to see these companies leave Station Park, we’re adding relevant, strong and sought-after brands to answer the changing needs of surrounding communities.”
{mprestriction ids="1,3"}New stores at Station Park cover a wide range of retail and restaurant properties. Byers said the new businesses include Best Buy, Jersey Mike’s Subs and Sephora, opening in October; Kepen Tea, Sprint, Sports Clips and Last Course Dessert Studio, opening this month; and Waffled, opening in August. A Sleep Number bed store opened in June.
“At Station Park, we work closely with our tenant partners to offer competitive leasing, beautiful facilities and support to bolster the company’s success and mission. Ultimately, this cultivates an atmosphere that brings people together,” said David Anderson, general manager of Station Park.
“No property is immune to the current distressing shifts occurring in brick-and-mortar retail,” said Fred Bruning, CEO of CenterCal Properties. “Our aim is to continuously review and monitor those shifts, so that we can bring together the businesses that our visitors will love.” {/mprestriction}
