MEDFORD, Ore. — Despite a pandemic-induced economic downturn, two retail stores are being added to The Village Medford Center, the management announced on Wednesday.
Both T.J. Maxx and Burlington locations are opening in the former Sears building during 2021, The Village management said. The latter store, of Coat Factory fame, will be the first such location in southern Oregon.
“We are extremely excited to add both T.J. Maxx and the first Burlington store in southern Oregon to the Village at Medford Center," said David S. Goldman, managing partner for LBG Real Estate Companies. "These exceptionally promotional retailers combined with our existing best-in-class entertainment, daily needs and lifestyle tenants will appeal to both the local market and the more than 4 million tourists that visit the Medford area annually and will further reinforce The Village at Medford Center as the dominant retail property in Southern Oregon."
The Sears building was vacated in late 2019 after the company went bankrupt. Burlington will now occupy more than 35,000 square feet of the building, with T.J. Maxx taking up another 25,000 square feet.
LBG Real Estate said that it is finalizing negotiations with a third "national off-price retailer" that is expected to open in early 2022.
The Village is currently home to the Tinseltown Cinemark Theater, Tap & Vine Restaurant, Collaborative Theater, Ella Lane, Timber & Tonic, Safeway, Red Robin, Village Fitness and Rite Aid.
"This exceptional level of leasing activity despite the negative effects of the Covid-19 pandemic on retail are a sign of what tenants see as prime retail in the post-Covid world. Medford Center is poised as a model for future successful retail destinations," LBG said.