The 30,000-square-foot box that once housed Office Depot in Cary has a new owner and a new tenant. The building traded hands for $6 million, and national thrift chain Savers is expected to occupy the space. The move is another example of large, vacant retail footprints being repurposed in the Triangle market.
As reported by Triangle Business Journal, the property sold for $6,000,000 and measures roughly 30,000 square feet. The Triangle Business Journal story notes that Savers will open a thrift shop in the former Office Depot box in the Crossroads retail corridor. The report did not list a firm store-opening date.
Savers Moving Into a Big-Box Footprint
Savers is a national resale chain that buys and resells donated clothing, housewares and furniture and operates stores across North America. Its model, built on steady donation streams, frequently refreshed inventory and value pricing, often fits well in former big-box layouts and can be an efficient way for landlords to fill large vacancies.
Crossroads Retail Corridor
The former Office Depot sits in Cary's busy Crossroads shopping corridor, where national chains such as Hobby Lobby and Five Below operate nearby. A Savers location could add regular foot traffic to the center and provide a long-term tenant for the large space.
What To Watch Next
Local permit filings and leasing notices should reveal the timing for renovations and a store opening. Triangle Business Journal is the primary source for the sale details so far; Hoodline will monitor public filings and company announcements for an opening date.
