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H&M Prepares to Move into Downtown

Construction is set to begin in early May.

 

Silver Spring residents will soon have a new place to shop downtown.

The Peterson Companies, the management company for downtown, officially welcomed the Swedish-owned fashion company H&M on Tuesday. The popular retail fashion chain will be taking over the majority of the former Border’s bookstore location at the corner of Fenton Street and Ellsworth Drive in September. 

“Border’s departure created a tremendous opportunity from a merchandising standpoint,” said Taylor Chess, senior vice president for retail leasing for The Peterson Companies. “Several national retailers expressed interest in this prime retail location, but H&M was the ideal fit to increase our fashion offerings and appeal to the fashion-conscious Silver Spring consumer.”

The retail company will only be occupying about 18,000 sq. ft. of the space leaving a remainder of 7,000 sq. ft. available to lease.

A leasing contract for the space adjacent to H&M hasn’t been signed yet, but Laurie Yankowski, Regional Marketing Director for The Peterson Companies, says the space will definitely be sought after.

“The space is the hottest space inside the beltway in Montgomery County. Downtown Silver Spring is a great mix of people and businesses,” Yankowski said. “Our leasing company is always working diligently to get the right retailers for downtown.”

Construction for the space hasn’t started yet, but The Peterson Companies is currently preparing the space to turn it over to H&M on May 7, Yankowski said.

jag April 25, 2012 at 02:36 AM
If only Peterson Co. owned City Place as well. Sigh.
Lesley K Sackville April 25, 2012 at 12:15 PM
Jag is so right, City Place is a joke which is such a waste. If someone could just figure out how to utilize the space, attract quality tenants and manage the property this area will be booming for years to come!
Em April 25, 2012 at 11:43 PM
Ditto on City Place. What a waste of prime real estate.

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