Adidas will lease a former Victoria’s Secret store in an iconic retail district in downtown Vancouver.
“I can confirm this,” Martin Moriarty, a Marcus and Millichap senior vice-president, told Postmedia.
The 35,000-square-foot space is located at the corner of Robson and Burrard streets in the heritage-designated Robson Central building. The prime location is on a western stretch of Robson Street featuring global name-brand retail outlets that attract international shoppers.
Moriarty told Postmedia that he and Marcus and Millichap colleague Mario Negris negotiated the lease on behalf of Adidas, and the German running show maker will soon release further details on how it plans to operate the store.
Adidas deploys different store concepts across Canada. According to Postmedia, the Vancouver store will be company’s largest Canadian location.
U.S.-based Victoria’s Secret quietly vacated its two-storey Vancouver flagship store last weekend. The women’s specialty fashion retailer will relocate to a smaller location in Pacific Centre, Cadillac Fairview, the mall’s owner, has confirmed.
Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate.
Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s.
In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star.
Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.