
Please do not leave this page until complete. This can take a few moments.
Less than three months after Renys opened a store in Waterville, the discount retailer is aiming for a bigger footprint in central Maine with a 32,174-square-foot store in a former Big Lots.
In its new home at 152 Western Ave., the Newcastle-based business will join Dollar Tree, Planet Fitness and other consumer businesses at a shopping center anchored by Shaw’s.
“We wanted to be in Augusta for a long time,” John Reny, the company’s president, told Mainebiz by phone on Monday.
Ben Spencer, a senior vice president at Portland commercial real estate agency CORE, brokered the lease between Renys and the property owner, NNM Realty Trust.
Spencer said the lease is for 10 years with several renewal options.
"The space was only vacant for three to four months since being vacated by Big Lots," he explained. "I reached out to Renys directly as soon as Big Lots vacated as I believed they would be a great fit. We had offers from other retailers but Renys was the right choice."
CORE also recently renegotiated a lease for Renys in downtown Gardiner.
Renys, which expects to hire 30 to 40 employees in Augusta, aims to open the new store in September or October. Its Waterville store is located in a former JC Penney, at 60 Elm Plaza.
"Normally we wouldn’t open two stores in one year, but this came along and the deal was right to do it and to do it before Christmas,” Reny said.
Besides Waterville and Gardiner, Renys has stores in Bangor, Bath, Belfast, Bridgton, Camden, Dexter, Ellsworth, Farmington, Gardiner, Madison, Pittsfield, Saco, Topsham, Wells and Windham, and two in Damariscotta, close to its corporate warehouse and distribution center in Newcastle. The company has around 500 total employees.
Reny declined to elaborate on the company’s decision to close its store in Portland by years’ end.
Keith Luke, Augusta’s economic development director, said the city had been courting Renys for many years and welcomes the addition to “one of the busiest streets in the state," with development underway at the former Kmart Plaza.
“The fact that the commercial retail market in Augusta is very strong speaks to the vibrancy of our local and regional economy," he said. Renys' decision to expand there is "good news all around."
The Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Learn MoreWork for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Learn MoreWhether you’re a developer, financer, architect, or industry enthusiast, Groundbreaking Maine is crafted to be your go-to source for valuable insights in Maine’s real estate and construction community.
Learn moreThe Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Whether you’re a developer, financer, architect, or industry enthusiast, Groundbreaking Maine is crafted to be your go-to source for valuable insights in Maine’s real estate and construction community.
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
This website uses cookies to ensure you get the best experience on our website. Our privacy policy
To ensure the best experience on our website, articles cannot be read without allowing cookies. Please allow cookies to continue reading. Our privacy policy
0 Comments