Chapel Hill, NC, October 30, 2012 — Hancock Fabrics opens their new 11,100 square foot location at Durham Festival on Friday, November 2, following an extensive onsite relocation and expansion, delivered on time and on budget by Ram.
As a long-time tenant at Durham Festival, Hancock Fabrics was seeking room to grow from their prior 8,136 SF location and refresh their interior to an updated format. When Ram acquired Durham Festival in June 2009, it presented the opportunity for Hancock Fabrics to remain in their popular location and benefit from Ram’s commitment to redevelop the entire center, inclusive of façade, parking lot and outparcel for a new Kroger Fuel Station.
“The re-skinning and new leasing of Durham Festival has been a good story for the tenants and the landlord,” said Ivy Greaner, chief operating officer. “Retaining a tenant like Hancock, and supporting their expansion, demonstrates both of our commitments to the local community and confidence in the value that Ram and Hancock Fabrics deliver.”
Hancock Fabrics, Inc. is recognized as an inspirational authority in fabric and sewing, serving creative enthusiasts with a complete selection of fashion and home decorating textiles, sewing accessories, needlecraft supplies and sewing machines.
Durham Festival Shopping Center is a popular neighborhood center anchored by a 60,000 square foot Kroger Supermarket. Other major tenants include Millennium Sports Club, Dollar General and SunTrust Bank. Durham Festival is located at the SW corner of Hillsborough Road (Hwy 70) and N. La Salle Street in Durham, NC, one mile from the Duke University campus.
Shari JK Meltzer
Ram Realty Services