Lee & Associates Madison Negotiates Lease Between Cabela’s and Green Bay Packers
Torrance, CA – June 12, 2012 – (RealEstateRama) — Cabela’s, a leading specialty retailer, and the world’s largest direct marketer, of hunting, fishing, camping and related outdoor merchandise, and the Green Bay Packers have signed a lease for the soon to be constructed 100,000-square-foot store that will be located in the Titletown Development area being developed in conjunction with the Green Bay Packers.
Steve Doran, a principal with Lee & Associates Madison, negotiated the lease transaction for the Nebraska-based outdoor company. Terms of the lease are not available.
With construction scheduled to begin this fall and a store opening slated for the summer of 2013, the retail outlet will be located in the southeast quadrant of US Route 41 and Lombardi Avenue near Lambeau Field in the Village of Ashwaubenon in Brown County. The site is 21 acres in size and is owned by an entity controlled by the Green Bay Packers. Cabela’s expects the store to employ approximately 175 full-time, part-time and seasonal employees. Most will come from Green Bay and the neighboring area.
“This is a very exciting transaction to be involved with,” said Doran, who also represents Cabela’s in the state of Wisconsin. “Not only does it bring the perfect retail component to this region but it will create jobs for the community.”
The Packers own more than 28 acres in the Lambeau Field area, most of it west of the stadium, between Ridge Road and Marlee Lane. The Cabela’s site is west of Marlee Lane, but is considered by the Packers and village officials the gateway to a Lambeau Development District, which could extend to Ashland Avenue, 2.5 miles east. It will be the first of the Packers-owned properties to be redeveloped.
This store will give Cabela’s its third location in Wisconsin, joining the Prairie du Chien and Richfield locations. The company also operates a distribution center in Prairie du Chien. Cabela’s currently operates 36 retail stores across the United States and Canada and just opened a new location in Saskatoon, Saskatchewan, Canada. Cabela’s also has announced plans to open stores in Charleston, W.Va.; Rogers, Ark.; and Union Gap, Wash., later this year. Additionally, in 2013, the company plans to open stores in Grandville, Mich.; Columbus, Ohio; Louisville, Ky.; Thornton, Colo.; and Lone Tree, Colo.
About Lee & Associates
Celebrating 33 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in the nation, with 46 locations across the nation including California, Arizona, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Michigan, Missouri, New Jersey, New York, Nevada, South Carolina, Texas and Wisconsin. With a roster of more than 700 expert brokers, Lee & Associates provides a wide range of specialized commercial real estate services. Additional information is available at www.lee-associates.com.
About Cabela’s Incorporated
Cabela’s Incorporated, headquartered in Sidney, Nebraska, is a leading specialty retailer, and the world’s largest direct marketer, of hunting, fishing, camping and related outdoor merchandise. Since the Company’s founding in 1961, Cabela’s® has grown to become one of the most well-known outdoor recreation brands in the world, and has long been recognized as the World’s Foremost Outfitter®. Through Cabela’s growing number of retail stores and its well-established direct business, it offers a wide and distinctive selection of high-quality outdoor products at competitive prices while providing superior customer service. Cabela’s also issues the Cabela’s CLUB® Visa credit card, which serves as its primary customer loyalty rewards program. Cabela’s stock is traded on the New York Stock Exchange under the symbol “CAB.”
