News Release: Cincinnati’s 32 East Re-development Opens a Cluster of New Retailers and Expands Footprint
CINCINATTI, OH – (October 11, 2017) – Over the last seven months, Boca Raton, FL-based PEBB Enterprises, has leased close to 100,000 square feet of retail and restaurants at 32 East, a newly renovated regional power center, located in the Eastgate submarket of Cincinnati.
The latest national retailer to join the current 32 East line up is Burlington, opening today, October, 11th. Alongside Burlington, PEBB just acquired the 48,000 square foot, former HH Gregg building adjacent to 32 East and is pursuing uses for the additional space.
The 190,000 SF center also features Michaels, Stein Mart, Homegoods, Five Below, Ulta, Dressbarn, Carters and Kirkland’s.
Other recently opened tenants include: Famous Footwear, Hand & Stone Massage, Ambiance Nail Salon. Additionally, Tropical Smoothie, Rapid Fire Pizza, and Torrid recently opened with Pearl Vision expected to open over the next few months.
PEBB acquired the center, formerly known as Eastgate Station, in November 2013 with an occupancy rate of 53%. After significant investment was made in the infrastructure and façade and an expansion of the footprint, PEBB began to see an upsurge in retailer interest – culminating today with a 100% occupancy rate.
“Redevelopment projects are extremely satisfying because they give us the chance to not only improve the offering in a community but also to provide a higher quality of service” said PEBB President Ian Weiner. “32 East has been no exception. It’s been exciting to watch the center come back to life.”
32 East augments PEBB’s growing portfolio in the Mid-West where the company currently owns and manages eight shopping centers, some of which have been recently redeveloped.
PEBB Enterprises, based in Boca Raton, Florida, is a full-service, vertically integrated private equity real estate investment company specializing in the acquisition, development, construction, operation and management of commercial property. Since its formation in 1973, PEBB has remained a private, family-owned and operated company that takes great pride in maintaining quality properties and cultivating superior relationships with our tenants and strategic partners. For more information about PEBB visit pebbenterprises.com.