Branson Landing, owned by HCW Development Co. LLC, found a tenant for one of its larger, mostly vacant buildings July 28 when clothing retailer H&M signed a multiyear lease.
Rick Huffman, CEO of HCW, said his brokers contacted parent company H & M Hennes & Mauritz AB about six months ago to help build the development’s occupancy back up after it hit an all-time low of 86 percent last year. In June, Springfield Business Journal reported 38,501 square feet of space was empty at the 450,000-square-foot, 11-year-old outdoor complex on the banks of Lake Taneycomo.
“It’ll be the first H&M in southwest Missouri,” Huffman said, noting the store would open by early summer next year.
H&M will take the entire 21,000-square-foot first floor of Branson Landing’s 10th building, which recently housed Victoria's Secret temporally while its new space was being prepared. Chico's also is in that space, so it will move to an adjacent building.
In H & M Hennes & Mauritz AB’s six-month investor report released May 31, the company reported 4,498 stores – with 193 opening and 46 closing – in dozens of countries with total revenue of $13.9 billion.
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CB Social House changed its name to Social; Tri-Lakes Community Theatre merged with The Branson Arts Council Inc.; and Springfield Community Gardens expanded into the kitchen at Cox North.
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