Wilkes-Barre, PA – May 5, 2011 – (RealEstateRama) — As part of its exclusive representation for Gap Inc., Metro Commercial announced today that it has brokered a new lease for a Banana Republic Factory Store in Wilkes-Barre, PA.
The new 7,380 SF retail store, which will open in the fall of 2011, will be located at Arena Hub Plaza, on Mundy Street in Wilkes-Barre, PA, opposite the Wyoming Valley Mall in Luzerne County. Other occupying tenants in this 524,000 SF power center include Lowe’s, Best Buy and Petsmart. Metro Commercial’s vice president Mark Gerlach negotiated the lease on behalf of Banana Republic. Arena Hub Plaza is owned by TFP Limited.
Banana Republic is a global accessible luxury brand that delivers modern, soulful and effortless style. Banana Republic’s lifestyle collections are characterized by elevated design and luxurious fabrications at approachable prices. Banana Republic collections include apparel, handbags, jewelry, fragrance and eyewear. Banana Republic, a division of San Francisco-based, Gap Inc. (NYSE: GPS), can be found at over 500 retail locations in the United States, United Kingdom, Canada, Japan and Italy.
About Metro Commercial
Metro Commercial (www.metrocommercial.com) is one of the largest full-service retail real estate firms in the region with transaction considerations exceeding $1.1 billion. Metro Commercial specializes in retail tenant representation, shopping center leasing, property management, and investment property sales. With three offices located in Pennsylvania and New Jersey, Metro Commercial currently represents over 50 national retailers and serves as the exclusive leasing agent for more than 200 properties, totaling nearly 20 million square feet.
Metro Commercial Real Estate, Inc.
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