Boston — Forever 21 has signed a lease for more than 20,000 square feet of retail space at 449 Washington St. in Boston’s Downtown Crossing. The store will have a footprint at street level with two additional levels, a unique concept for Boston retailers.
“With Primark and Roche Bros. grocery store opening in the neighborhood, Downtown Crossing’s resurgence continues to attract great retail and restaurants,” says CBRE/Grossman Retail Advisors’ Jeff Arsenault, who represented the landlord in the transaction. “The hip, up-and-coming feel of the area appeals to the types of shoppers that frequent Forever 21.”
Forever 21 is a fashion retailer that operates more than 730 stores in the United States, Australia, Brazil, Canada, China, France, Germany, Hong Kong, India, Israel, Japan, Korea, Latin America, Mexico, Philippines and United Kingdom.
“Forever 21 plans to replace the current façade of the store to reflect their new urban style,” adds Arsenault.
Arsenault represented the owner, Dexter Crossing Retail, LLC, in the transaction, and Dartmouth Company represented Forever 21.
SOURCE: CBRE