TJ Maxx coming to Edwardsville Crossing

Major retailer TJ Maxx is making its way to the Edwardsville Crossing development in the building that once housed Office Depot. Its anticipated opening date is in March of this year. Major retailer TJ Maxx is making its way to the Edwardsville Crossing development in the building that once housed Office Depot. Its anticipated opening date is in March of this year. Photo: Cody King • Intelligencer Photo: Cody King • Intelligencer Image 1 of / 1 Caption Close TJ Maxx coming to Edwardsville Crossing 1 / 1 Back to Gallery

Edwardsville-area shoppers will have another option to find a good bargain.

TJ Maxx will be setting up shop in the Edwardsville Crossing development. The new shop is anticipated to open in March of this year.

Economic/Community Development Director Walt Williams said the major retailer will be located in the building where Office Depot used to be.

“That space has been open for a while. The previous tenant had a lease with Capitol (Realty Group) and that didn’t expire until 2017. That lease was a lot more favorable than a new business, meaning they have a higher lease rate than what they could put out on the market,” Williams said. “Subsequently, Capitol was in no need to move fast because they were getting money from the previous person that was occupying that space. That was about to expire and they found and got a new tenant there.”

After recently acquiring Kirkland’s, Ross, and Men’s Wearhouse in Glen Carbon's portion of the development, Williams said there is a need for more major retailers in the Edwardsville area.

“We have a leakage report and that was one of the items that we needed to sell more of to keep more money here in Edwardsville. We have leakage studies and the leakage studies dictate which items (and) services people are going outside the area to purchase. Clothing and home goods were some of the items people were going outside of the area to purchase more of. Subsequently, having that here will be able to keep more of those dollars here in Edwardsville,” he said.

When retailers come to the Edwardsville area, or any new area, they have to make their decision based off of several evaluations of the local economy and anticipated customers.

Williams said TJ Maxx has already conducted those studies.

“They have evaluated our market and these decisions aren’t made in a vacuum. You have to have a certain amount of households; you have to have a certain amount of income to support an entity like that. Any national retailer coming in to our area would have evaluated their market to the best of their advantage. I do feel they will be successful here,” he said.

Going forward, Williams said he expects Edwardsville’s economic and business growth to continue increasing significantly.

“Our area continues to grow in population as well as income and that makes it very attractive for retailers to look at that area favorably,” he said.

For more information about upcoming shops or economic growth in the Edwardsville area, visit cityofedwardsville.com.