The addition of the national greeting card retailer makes the 273,000 square-foot Phase I 100 percent occupied, including a 132,000 square-foot Target, and a 60,000 square-foot Pick ‘n Save grocery store.
“This project broke ground in the midst of the economic downturn, and still has attracted such a varied selection of high quality, national retailers for both phases of the Shoppes at Fox development,” said Julie Ledger, vice president and general manager of Opus. “Having the first phase 100 percent leased is a testament to the quality of the development and strength of the market, and will help to continue to drive interest from other major retailers for the second phase.”
Construction for Phase I of The Shoppes at Fox River started in May 2009, with final construction completed in September 2010. Opus sold Phase I to Ramco-Gershenson Properties Trust at the end of 2010, but remained responsible for securing tenancy.
The second phase of the development broke ground earlier this month. When fully built-out, Phase II has potential to total 150,000 square feet. The first development in Phase II will include more than 47,000 square feet of retail space on six of the approximately 18 acres of developable land adjacent to the existing Phase I buildings. The first Phase II development will include T.J. Maxx, Ulta Salon and Cosmetics, Rue 21 and Charming Charlie’s. The building will be located in the northeast corner of the site, adjacent to the Pick ‘n Save.
The Shoppes at Fox River is a redevelopment of a former Supervalu distribution facility located along Sunset Drive on the far southwest side of Waukesha.