Tractor Supply in talks for store
The Tractor Supply Company is in talks with Richmond-based real estate firm Thalhimer to lease building space in the Royal Plaza Shopping Center of Front Royal.
Allyson Petty, senior associate at Thalhimer, said they are in discussion with the company to lease out one-third of an 83,400-square-foot building space.
Jennifer McDonald, executive director of the Front Royal-Warren County Economic Development Authority, noted at a Wednesday meeting of the Warren County Development Review Committee that Tractor Supply is “still trying to come to terms on the lease agreement.”
Petty noted that the two sides have been in discussion for a couple of months. Although the lease agreement is not set, she said that talks with the company are progressing.
“They want to be there and we want them there,” Petty said. “We’re working through everything.”
The building up for lease was previously owned by Kmart, but has been on the market since the store was closed at the beginning of the year.
A Tractor Supply store in Front Royal would be the company’s fourth location in the Northern Shenandoah Valley. The company already has locations in Woodstock, Winchester and in Luray.
Emily White, media relations specialist with the company, stated in an email that the Tractor Supply real estate department said that it has “no information to release about a potential new store location in Front Royal at this time.”
White also stated that the company is “always looking for potential new store locations that are a good fit as far as the target market is concerned.
“Concerning a potential location in Front Royal, this is especially true in that the area is attractive due to the part-time and hobby farmer, and horse owners in the area.”
Petty noted, “If Tractor Supply were to come, they would lease about one-third of it, and so we would still have about 60,000 square feet left.”
According to Petty, Thalhimer is looking “all over” for potential retail tenants to fill the remaining building space.
“We’re trying to work with larger tenants who aren’t in that market already, to bring them into Front Royal,” Petty said, adding that they are also talking to some businesses that are already in the area.
“Until we have it fully spoken for, we will talk with as many [businesses] as we can in order to find the highest and best user for the space,” she said.
In addition to the former Kmart building, Thalhimer also has three other open listings for Royal Plaza, one at 1,350 square feet and two at 2,500 square feet.
Petty added that they have had discussions with potential tenants for those spaces. “The landlord wants tenants, so we’re open to lots of ideas.”
Contact staff writer Kevin Green at 540-465-5137 ext. 155, or email@example.com