CHARLOTTE, N.C., August 23, 2011—X Team International, an international alliance of retail real estate advisors with expertise in more than 45 major markets throughout the U.S., Canada and Europe, announced today that Charlotte, N.C.-based partner The Chambers Group has completed a lease for the first small-format Burlington Coat Factory store in Charlotte. X Team International partner Jay Chambers made the announcement.
Scheduled to open October 1, 2011 at Woodlawn Marketplace at the interchange of South Boulevard and Woodlawn Road, the smaller format store will be roughly 48,000 square feet and joins T.J. Maxx and Family Dollar.
Chambers represented the tenant. The owner, Kimco Realty, was self-represented. The term of the lease is 10 years. No other details are available.
Burlington Coat Factory currently operates over 450 stores nationwide and is expanding throughout the Carolinas. Typical store format size is 65,000 to 70,000 square feet.
X Team is an international alliance of retail real estate specialists with offices located in major cities throughout the U.S., Canada and Europe. X Team partners average more than 20 years of industry experience, with expertise in major markets worldwide, specializing in tenant, property and developer/landlord representation, workout services, property dispositions and retail investments. X Team services include transaction negotiation, portfolio analysis, lease valuations, acquisitions, and asset assessment and valuation. For more information, please visit www.xteam.net.
The Chambers Group is based out of Charlotte, North Carolina and was formed in 1999 by Jay Chambers after a long and successful career with a large national commercial real estate company. The Chambers Group’s trade mark is “Accelerating Retail Success™.” Originally established as one of the leading tenant representative brokerage firms in the United States, The Chambers Group has expanded its services to include landlord representation of unique retail centers in the Carolinas and build to suit projects nationwide. Additionally, The Chambers Group is one of the founding “principles” in the X Team International retail services network. For more information, please visit www.chambers-group.com.
Burlington Coat Factory is a national department store retail chain which offers current, high quality, designer merchandise at prices up to 60% below those at other department stores. Burlington Coat Factory stores feature coats, apparel, shoes and accessories for the entire family, baby clothes, furniture, toys, home decor items, and gifts. Over 450 stores can be found in 44 states nationwide. For more information, please visit www.burlingtoncoatfactory.com.