CBRE Arranges Retail Lease to Bring Sherwood Plaza to Full Occupancy

CBRE has arranged a new 11,377 sq. ft. lease within Sherwood Plaza, a 130,000 sq. ft. redeveloped shopping center in Springfield, Illinois. Boot Barn has signed to terms and will occupy the space in the coming months. This lease brings Sherwood Plaza to full occupancy.

CBRE’s Joe Parrott, Sean McCourt, and Riley McCarron represented the landlord, Seritage Growth Properties, in the transaction. The team has executed ten leases totaling 115,000 sq. ft. at Sherwood Plaza since being awarded the leasing assignment.

The shopping center, which was redeveloped by Seritage Growth Properties, was nearly vacant at the start of the project. CBRE procured and completed ten new leases with tenants such as Burlington, Marshalls, Binny's Beverage Depot, Outback Steakhouse, Orange Theory Fitness, Northing Bundt Cakes, and Core Life Eatery.

“Sherwood Plaza’s demographics, easy access, premier location, and new design made this redeveloped property stand out for these best in class retailers,” said Parrott. “To see it fully leased to lineup of industry leading tenants is a truly exciting turnaround that breathes new life into the area.”