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Century Investment Company
181 Park Avenue, Suite 1
West Springfield, MA 01089
phone 413.785.1981
fax 413.734.7134

Call us 413.785.1981

Savers Signs 10-Year Century Center Lease

January 29, 2009

FOR IMMEDIATE RELEASE

CONTACT:        Robert Dashevsky

                      (413) 785-1981

SAVERS SIGNS 10-YEAR LEASE FOR 25,000 S.F. AT CENTURY CENTER

WEST SPRINGFIELD -- Savers, the thrift store chain which teams up with local charities in more than 235 locations internationally, has signed a 10-year lease for 25,000 square feet at Century Shopping Center, it has been announced.

The new store, scheduled to open in June, will join Bob's Discount Furniture as co-tenant of the free-standing shopping center building at 135 Memorial Avenue, according to Andrew M. Cohen, Century Center owner.  The new store will employ a staff of 50, he said.

Selling both new and used merchandise, Savers offers clothing, shoes, kitchenware, electronics, sporting goods, linens, toys and furniture.  Last year, the company achieved gross sales of $550 million, according to a spokesman.  The Savers workforce totals 10,000 in three countries.

The West Springfield store will expand upon the decade-old partnership between Big Brothers Big Sisters of Hampden County and the Savers store on Liberty Street, Springfield.

"This is an incredible win-win situation," said Beth Russell, executive director of Big Brothers Big Sisters.  "Donors get a tax write-off and the children supported by our agency are provided with a tremendous amount of services."

Russell said her agency takes in $100,000 annually -- more than 20 percent of its budget -- from its collaboration with Savers.  The Springfield-based Big Brothers Big Sisters office currently provides one-on-one mentoring to 350 children annually, and Russell anticipates a 15% annual growth in services over each of the next three years.

"Projecting such aggressive growth in this economic climate truly is a testimony to the benefits of our partnership with Savers," Russell said.

Shopping Center owner Cohen concurs.  "Consumers today are looking for bargains, in addition to value and variety.  There's also a sense of adventure in shopping at Savers, plus doing something good for the community," Cohen said.

Founded in 1954 and headquartered in Bellevue, Wash., Savers purchases and resells items that are collected and delivered by charity partners, who are paid a bulk rate for the items whether or not they make it to the sales floor.  With 120 charity partners in the U.S., Canada and Australia, the company currently pays more than $117 million annually to non-profit organizations.

Savers was represented by Peter Considine of the Dartmouth Group, Boston, in negotiations for the lease at Century Shopping Center, the region's first strip center, which recently completed extensive exterior renovations.  Major tenants at the Memorial Avenue retail landmark include TJ Maxx, Big Y, Modells and CVS.