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Circuit City's Loss is P.C. Richard's Gain

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The empty husks of some of Circuit City's box stores will be filled with electronics and appliances again.

P.C. Richard & Son is remodeling former Circuit City store interiors in Brick, Eatontown and East Brunswick. P.C. Richard executives plan to open those stores by the first week in June. They also plan to open stores in abandoned Circuit City stores in New York City and Connecticut. The former Circuit City in Freehold Township is not part of the plan.

"With Circuit's departure, we picked up Eatontown and Brick," P.C. Richard & Son President Gregg Richard said. "We've been looking down south, and when Circuit (City) went out of business, we were forced to look a little harder — these stores were in great locations so we moved on it."

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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