Ann & Hope

Massachusetts and Rhode Island

This complex multi-location acquisition, leasing and financial project turned 1.1 million square feet of mid-20th-century discount department stores into vibrant new retail space.

  • Eastern Real Estate acquired five stores totaling more than 1 million square feet formerly owned and operated by Ann & Hope, a discount department store chain.
  • Eastern Real Estate redeveloped and modernized aging facilities and led marketing and leasing efforts to attract top national and regional retailers such as Home Depot, Kohl’s, Lowe’s, Nordstrom Rack and Stop & Shop.
  • Eastern Real Estate continues to hold many of these assets in portfolio since the acquisition over 15 years ago.