News: Retail
Posted: April 22, 2016
Lyman Real Estate signs 30,000 s/f lease to Ollie’s Bargain Outlet
Ron Lyman, Lyman Real Estate
381 Broad Street - Manchester, CT
Manchester, CT According to Lyman Real Estate CEO Ron Lyman, CCIM, Ollie’s Bargain Outlet has signed a lease to occupy 30,000 s/f at 381 Broad St. Ollie’s other Connecticut location is in Waterbury. Lyman, who acted as agent for landlord Levy Properties, LLC, West Hartford, said Ollie’s will be occupying almost half of the 65,000 s/f shopping center and is expected to take over the space on May 1.
Ollie’s Bargain Outlet, based in Harrisburg, Penn., is one of America’s largest retailers of closeouts, excess inventory and salvage merchandise. (Salvage items are rescued from fires, floods and similar mishaps.) The company’s “Good Stuff Cheap” motto is found on more than 200 stores across the country, which sell a wide range of products – housewares, food, flooring, toys, hardware, electronics, clothing, luggage, garden products, health and beauty aids, sporting goods, pet supplies, automotive, etc.
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