Pizzuti Co. leases Joseph space to Anthropologie
The mixed-use development at Russell and High streets is scheduled for completion in 2014. The first Columbus Anthrologie store is located in Easton.
The Short North Anthropologie will occupy the Joseph's first two floors. In addition to the 9,800 square-foot Anthropologie, the Joseph development will include a boutique hotel, office space and a gallery featuring the Puzzuti modern art collection among its total 60,000 square feet of office and retail space. Colliers International is brokering the Joseph's lease agreements.
Anthropologie is one of several brands operated by parent company Urban Outfitters Inc. (URBN). An Urban Outfitters store further north on High Street is popular with OSU students and attracts a younger demographic than Anthropologie.
URBN reported total companywide net sales of $648 million, a new record coming in at 14% above Q1 2012. By brand, the company reported Q1 2013 net sales for Anthrologie of $265.1 million, up from $235.1 million in 2012. In his May 20 earnings call, URBN CEO Richard Hayne attributed the success to the company's increase in direct-to-consumer sales.
URBN opened seven new stores in the first quarter, including two Anthropologies.