Compass Commercial Real Estate Services is pleased to announce the lease of the building that once housed Hancock Fabrics and has been vacant for about 5 years. Hancock Fabrics occupied 15,000 sq.ft. of the building. After Hancock Fabrics closed its doors in February 2016, the full 20,000 sq. ft. building was vacant and listed through Compass Commercial brokers Russell Huntamer, CCIM and Joel Thomas.
Huntamer stated, “It is a large space to lease and we were surprised it moved so quickly. Negotiations started with the new tenant, Mattress Factory, before the ink was dry on the marketing materials for the space.” The tenant was represented by Paula Van Vleck of Coldwell Broker Morris. Negotiations led to a 5-year lease agreement for the full 20,000 sq. ft. This gives the tenant ample space for a showroom, warehouse and offices.