Hobby Lobby with 489 stores in 40 states will be opening 5 stores in California. It appears that at least 4 of the stores will be opening this year.
Hobby Lobby specializes in arts and crafts, picture framing, party supplies, cards, holiday supplies, and home accessories. Leases for the company are best suited for second generation space as they are very rent sensitive. Given the amount of available box space considering the economic events of the last few years, I imagine they are finding many more opportunities in the marketplace.
Some information used from The Press Enterprise.
No comments:
Post a Comment