Heard that the Carbondale BigLots is closing in the near future. Apparently the landlord opted not to renew the lease, hoping to land a tenant that would be willing to absorb a sizable rent increase, which given the rental market in Carbondale, was probably not the wisest move. BigLots hopes to relocate to the empty Bed Bath and Beyond location or, barring that, a spot in Marion.
Not sure why local landlords still think that busineses are beating the bushes to relocate to Carbondale. That retail space put in behind the IHOP still sits empty 5 years later.
Its not a local landlord. Its a national company that owns that building and they think they can raise the rent 3X because they can. There are literally ZERO class A big box retailer spaces of 20,000 sq ft or higher in Carbondale outside of the mall. The space on the west side is not considered "prime" and doesn't command the same rent.. Many national brands no longer want to be in a mall - thus the owner of that building is hoping smaller stores still located in the mall will move - and that building will be split up, much like the Old Navy, Ulta, Bath/Body works building. I would assume Hobby Lobby will be kicked out when their lease is up too unless they agree to a substantial rent increase.
ReplyDeleteIn fact there is so little "prime" class A retail space in Carbondale outside of the mall that i recently heard a RUMOR that the large building across from Culvers on Route 13 (at the intersection of Reed Station Road) is in a bidding war between 2 national real estate companies hoping to redevelop that building. (Tractor Supply Company is attached to that rumor). This goes along with the other rumor that SIH is planning to move some more of their operations into the mall. SIH currently owns the building on 13 and Reed Station Rd and i'm assuming would profit handsomely from the sale of that building.
Thanks for the correction. I was thinking of the downtown landlords which are still holding out for the level of rent today that their properties could command during the 1990s
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