One of Market Harborough’s most prominent buildings now has a new anchor tenant after we negotiated a long-term letting for a national retailer.
40 The Square is a Grade II listed, three-storey building in the town centre, directly opposite the 17th Century Old Grammar School. Totalling 4,135 sq ft of retail and office space, its newly refurbished ground floor retail unit has been let as a flagship store for Joules, the Market Harborough-based clothing and lifestyle brand, which relocated from the High Street.
Jamie Andrew, Property Manager, Joules comments: “Securing this unit has been a major milestone for our business. Market Harborough has evolved a lot in recent years, as has Joules, and we knew we wanted to reset our presence in the town centre. So when the former bank became available, we knew straight away it would be the perfect space for our brand to continue its success in its home town.
“Wells McFarlane completely embraced our vision for the new store; they acted swiftly on all negotiations, and their strategic advice was essential in allowing us to complete the letting.”
Meanwhile, the upper floors at 40 The Square are undergoing sympathetic refurbishment to accommodate modern business requirements, creating a vibrant new business hub. One unit has already been let subject to contract while the second floor, which offers a 1,110 sq ft office, remains available.
“The landlord has made significant investments in this property to make the spaces attractive workplaces,” explains our Director, Jason Hercock, who was appointed to market the property when the former tenant, Lloyds Bank announced its closure. “This refurbishment, along with the property’s prime location, proved extremely popular and attracted a high volume of enquiries.
“I’m extremely pleased to have secured Joules as the anchor tenant and to see how the new store has been positively embraced by the local community. This letting has breathed new life into this historic building and will help maintain it as an asset for the town,” adds Jason.
For more information about the remaining office unit at 40 The Square, please visit https://www.wellsmcfarlane.co.uk/property/details/7075/2nd-Floor-40-The-Square-Market-Harborough-Leicestershire-LE16-7PA-Office- or contact Jason on 01455 559030 for viewings.
(Picture Credit: Joules)
