East Brown Cow and Malone Commercial Brokers are pleased to share that Madewell has signed a five-year lease for a premiere retail storefront at 75 Market Street, bringing a popular national retailer to the heart of Portland’s Old Port as it expands to Maine. The 5,532 square foot space looks on to Post Office Park at the corner of Market and Middle Streets.
Madewell, best known for its signature denim, will join a growing selection of major national brands, including Anthropologie, Athleta, Urban Outfitters, West Elm and others, and a dynamic list of local retailers on Portland’s historic waterfront. The 75 Market Street location will feature collections for both men and women and will benefit from consistently high levels of foot traffic due to the property’s ideal location.
“We’re thrilled to be opening our first store in Maine, and in such a historically-rich city like Portland,” says Madewell’s Head of Stores, Garrett Putney. “The city is more vibrant than ever and undergoing tons of exciting growth, so we’re looking forward to bringing our suite of unique services and experiences to the community while offering both our Women’s and Men’s collections.”
East Brown Cow has owned and managed 75 Market Street since acquiring the property in 2006. Decorative exterior granite corners, lintels, and sills distinguish the handsome five-story brick building. The Madewell space is one of two ground floor retail suites. Upper floors house office suites. Built separately but adjacent to 157 Middle Street in 1868, the two buildings were integrated during a period of extensive high-quality renovation in 1984, and they are now managed together by East Brown Cow.
“We couldn’t be happier to welcome Madewell to Maine and the Old Port,” says Tim Soley, President and CEO of East Brown Cow. “We’ve been working diligently for years towards our goal of activating the urban fabric of Portland’s unique downtown. Among other efforts, we have focused on carefully curating our storefronts with the thoughtful selection of both national and local retail tenants. Madewell’s presence along the Middle Street corridor really anchors this area as a first-class retail destination.”
The 75 Market Street Madewell is scheduled to open its doors this fall, ahead of the holiday shopping season. Store hours and information will be made available in the coming weeks.
The lease was brokered by Pete Harrington of Malone Commercial Brokers for East Brown Cow and Randy Baker of Open Realty Advisors for Madewell.