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Peebles Department Store Now Open!

November 14, 2013

The Grand Opening of Peebles was made official with a ribbon cutting on Nov. 14, 2013 Grand Opening of Peebles Department Store in Troy, NY

November 14, 2013

 

Troy, NY – Troy Plaza SC, LP is pleased to welcome its newest tenant, Peebles Department Store to Hudson River Commons.

Brian Steward, District Manager of Peebles Stores comments “we are very excited about the opening of the Peebles in Troy, NY. Our mission is to be America’s leading small town and neighborhood retailer dedicated to delivery desirable brand name apparel with exceptional value and service!”

 

The opening of this 23,500 square foot store represents Peebles’ first Capital Region location. Stage Stores, Peebles’ parent company, operates more than 900 locations in forty states under the names Peebles, Goody’s, Stage Stores and Beall’s.

 

"The addition of Peebles into the Hudson River Commons marks a momentous day in Troy," said Mayor Lou Rosamilia. "It is a glowing example of the economic development that continues throughout the city, expanding beyond our downtown. As the first of its kind in the Capital Region, its opening means more job creation while offering residents and visitors the option to stay in Troy for their shopping needs."

 

Since acquiring the Plaza in November 2012, the center’s occupancy has increased from 70% to over 98%. Major façade renovations to the center have already occurred, and the façade renovation will be completed in 2014. Shoe Dept., a privately held retail footwear chain with approximately 1300 stores, will be opening a 5,500 square foot store adjacent to Peebles next spring. Additional new tenant openings in 2014 are in planning and negotiations and will be announced soon for the one remaining available space!

 

With new ownership and a new beginning, the center has been renamed Hudson River Commons.

 

“When we acquired Troy Plaza last November, we viewed it as a well located, “fill-in” property that for many years had been largely ignored by its owners. We believed that by applying a hands-on approach to management, leasing and renovation, we could re-position and upgrade the property into a modern, attractive shopping center to serve the areas residents and employees.” states Stephen Mitnick, Principal of Troy Plaza SC, LP. “In conjunction with the exciting new activity surrounding the property, we felt it would be appropriate to rename the center Hudson River Commons.”

 

About Peebles Department Stores:

 

Peebles is owned by Specialty Retailers, Inc., based in Houston, Texas, a firm that operates more than 900 department stores through the U.S. The new store will be an updated design and located in a much more dense market than the chain has customarily occupied. The chains nearest locations are in Johnston and Hudson, New York, as well as North Adams, Mass. Departments include Misses, Petites, Women’s, Jr’s, Intimate Apparel, Men’s, Young Men’s, Boys, Girls, Shoes, Home, Accessories, Fragrances, Jewelry and Cosmetics including Estee Lauder.