BRIEF – New-to-Market, Five Below, a discount store aimed at Teens and Pre-Teens offering products priced at up to $5, has recently signed a lease to open at the Governor’s Market place in Tallahassee near the Governor’s Square Mall.
The company will occupy a 6,413 SF space previously leased to Famous Footwear. A Pennsylvania based company, a great number of Five Below stores are located in College Towns throughout the U.S. As of September 2017, the company reports over 620 stores in 32 states. It also operates two distribution centers.
For Governor’s Market Place, this represents the newest tenant since Pure Barre opened its 2,000 SF location near the Men’s Warehouse last year. The 243,107 Power Center is 82.3% occupied since the departure of Sports Authority, with a total of 42,910 SF available space. Governor’s Market place is anchored by Marshall’s, Michael’s, Old Navy, Bed Bath & Beyond, and PETCO.
It is managed by RPAI US Management LLC and is located at 1415 Governor’s Square Blvd.