Federal Realty Investment Trust, a real estate investment trust operating and developing sustainable and high-quality retail-based properties, is welcoming Sephora as a new tenant to the Lawrence Park Shopping Center next year.
Sephora is a multinational retailer of personal care and beauty products and operates over 2,500 stores in 32 countries worldwide, with an expanding base of over 460 stores across the Americas.
On the heels of Honeygrow, J. Crew and PJ Whelihan’s, Sephora is the last tenant to stabilize Federal’s redevelopment of Lawrence Part Shopping Center. The beauty retailer will occupy a 5,127 square foot location and is slated to open in 2025.
Since Federal Realty began the renovation and redevelopment at Lawrence Park Shopping Center in 2019, there has been an increase in annual visits by close to 20 percent and according to Placer.ai, a total of 3.6 million visits in 2023. Federal has completed a total of 40,000 square feet of new leasing since 2020 along with a multimillion-dollar reinvestment plan that was completed in 2022.
