A franchise of an international furniture chain is taking the seat Modell’s Sporting Goods is leaving in Riverhead.
An Ashley HomeStore has leased the 20,667-square-foot space in Riverhead Centre, at 1440 Old Country Rd., said Nancy Erickson, from the Parsippany, New Jersey, office of Colliers International, the Toronto-based real estate firm that oversees leasing for the shopping center.
Ashley’s lease starts Feb. 1, the day after Modell’s lease expires, said Erickson, an executive managing director of retail services at Colliers.
On Wednesday, an employee at the Modell’s in Riverhead said the store will close Jan. 5.
Modell’s has been in Riverhead Centre since August 2003, but the chain is closing the store because the space “is too large for their stores of the future,” Erickson said.
The shopping center’s other tenants include ShopRite, Home Depot, Petco, Bed Bath & Beyond and Best Buy.
Founded in 1945, Ashley Furniture Industries Inc. is the largest furniture manufacturer in the world, according to Sharron Bradley, chief executive of the Home Furnishings Association, a Roseville, California-based group that represents furniture retailers.
The Arcadia, Wisconsin-based company owns the name Ashley HomeStore, but all the furniture stores are independently owned and operated, according to the chain’s website.
Of the 900 Ashley HomeStores in 54 countries, four are on Long Island — in Carle Place, Farmingdale, Lake Grove and Valley Stream.
Manhattan-based Modell’s sells sports apparel, shoes, equipment and accessories online and at its more than 150 stores in the Northeast, including 16 locations on Long Island, according to its website.
Neither Modell’s nor Ashley responded to a request for comment.
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