Business

Pieratt's to open in Richmond Centre

Central Kentucky electronics retailer Pieratt's has bought the space vacated by Goody's in Richmond Centre and plans to open there in April.

The new store, in the shopping center off Interstate 75 in Richmond, will be the company's first store outside of Lexington, where it operates stores on Mount Tabor and Nicholasville roads. It also operates a distribution center on Palumbo Drive that doesn't sell merchandise but sometimes has warehouse sales.

"We had been looking at other markets that are still in our area of influence in advertising, and that was the nicest development that we've run into," chief executive Bruce Pieratt said.

He said the company will offer its electronics, appliances, furniture and customer service at the Richmond store. The 25,000-square-foot space also will include Kincaid Home Furnishings, the furniture brand owned and operated by Pieratt's as a separate store next to its Mount Tabor location in Lexington. The merchandise will be available inside the Richmond Centre store rather than as a separate building.

The addition is welcome news to Richmond Centre developer Crosland, which has sought to fill the space since Goody's went out of business in 2009.

"We really felt there was a need to have the category there, and we were thrilled when they reached out to us and were interested in the market," said Charles Thrift, senior leasing associate. "It's a great fit for us."

With the addition of Pieratt's and Kincaid, the largest vacancy at Richmond Centre will be the space that was left when Dawahares closed its chain of stores after filing for bankruptcy protection. Thrift said Crosland is negotiating with a business to take that spot.

The shopping center is now 94 percent leased, he said.

In other news at the shopping center, Meijer Inc., which has faced construction delays, plans to open in May, Thrift said.

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