Brewster, NY - The Highlands Shopping Center

Description:

• The 196,594 SF power center is anchored by Kohl’s (NYSE: KSS), Marshalls (NYSE: TJX) and Michaels, which together occupy approximately 70% of the center’s GLA
• Kohl’s operates more than 1,100 stores in 49 states and reported
$15.5 billion in total revenue for fiscal 2025
• Marshalls is a subsidiary of The TJX Companies, Inc. (S&P: A), which operates 1,255 Marshalls stores in the U.S. and reported $60.4 billion in net sales for fiscal 2026
• Michaels is the largest arts and crafts specialty retailer in North America with 1,300+ stores
• The center is 97% occupied by 16 tenants, including national brands Mattress Firm (Sleepy’s), Verizon, Pearle Vision, Dunkin’, Applebee’s and CareMount Health Solutions

• The center is shadow anchored by The Home Depot (NYSE: HD), the world’s largest home improvement retailer with $164.7 billion in fiscal 2025 sales, and a DeCicco & Sons grocery store, which drive consistent daily traffic to the site
• The Home Depot shares access, parking and drainage with the center under a recorded REA, and DeCicco & Sons contributes to common area costs
• Restaurant outparcels occupied by Applebee’s and Eveready Diner, along with inline Dunkin’ and Gaetano’s, add dining traffic throughout the day

---

Report Listing This listing was syndicated through:

Listing ID: a28TP0000046CqbYAE