Manchester-based retailer JD Sports has swooped on a prominent Brisbane CBD space until recently occupied by Topshop and Topman.
The sneaker and sport fashion retailer has committed to 2084 square metres at 162 Albert Street – a premises once also occupied by bookstore Borders.
In Queensland, JD Sports trades from an outlet on the Gold Coast. It also has shops in Victoria and New South Wales.
Knight Frank’s Lachlan Persley, with Belle Property Commercial’s Michael Hanscomb, negotiated the Brisbane lease. The agents described the deal as “the biggest retail lease per square metre in the Brisbane CBD to be signed in a few years”.
On the corner of Elizabeth Street, JD Sport’s flagship Brisbane store (pictured, top) will offer three levels of contiguous retail space. With 60 metres of dual street frontage, it is expected to open next month in a precinct the agents say is the city’s only 7-day a week trading zone.
“The space presented a rare retail leasing opportunity in one of the Brisbane CBD’s most central precincts, and the deal was a significant one for the market,” Mr Persley said. “JD Sports wanted its first Brisbane store to be in a prominent position within the city, and this corner site provided great exposure to passing traffic, including shopping and cars.
“It is one of the busiest street corners in Queensland and is in close proximity to the Queen Street Mall, which has more than 26 million visitors each year.”
Other major trendy fashion retailers General Pants Co, Fast Time and Culture Kings are also in the vicinity.