Tampa, Fla. (May 2, 2017) – Ollie’s Bargain Outlet, one of the largest retailers of closeouts, excess inventory and salvage merchandise in the country, has leased a 46,317-square-foot retail space in Tampa. Expected to open in the third quarter of 2017, the store will be the retailer’s first location in Tampa. Ollie’s currently operates nine stores in Florida with plans to open eight to 11 more throughout the state in 2017.
Lisa McCaffrey, Managing Director of Retail Services, and Stephanie Addis, Director of Retail Services with Colliers International Tampa Bay, represented the landlord in the transaction, TNC Building Owner, LLC.
The store will be located in the Walmart-anchored Town ‘N Country Promenade on Waters Avenue, just west of the Veterans Expressway. Other tenants in the shopping center include Bealls Outlet and Dollar Tree. The Ollie’s space was previously a Sweetbay Supermarket.
Ollie’s opened a store in Zephyrhills, Florida in fall 2016, which is currently its closest location to Tampa. Colliers’ McCaffrey and Addis also represented the landlord in the lease for the Zephyrhills store.
“Ollie’s has been making moves into several major markets around the country, so the timing was perfect for them to enter the Tampa market,” said Colliers’ Addis. “The Zephyrhills store has been performing well, and we expect the Town N’ Country store to be received just as eagerly.”
The Pennsylvania-based discount retailer has 238 stores in 20 states and carries a wide variety of inventory, from housewares and flooring to food and cosmetic supplies, all at deeply discounted prices. Ollie’s expects to open an additional two to four stores in the greater Tampa market during 2017.
The Tampa store will be located at 7061 W. Waters Ave.
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