CHAMPAIGN — JSM Development has a tenant for the basement of the former Follett's Bookstore in Champaign's Campustown.
JSM announced Friday that it has signed a lease with Ragstock to be located at 627 S. Wright St., C. The business will occupy more than 6,300 square feet.
Headquarted in Minneapolis, Ragstock is a chain of clothing stores with 25 locations throughout the Midwest with similar campus locations in Ann Arbor, Mich.; Madison, Wis.; and Iowa City, Iowa.
Ragstock carries a wide selection of new and used clothing for men and women, including vintage 1980s sweaters, cowboy boots, Japanese baseball jerseys and much more.
"We have been looking for a location for a Ragstock store in Champaign for the last five years," stated Mike Finn, president of Ragstock. "We're excited and anxious to open another Ragstock store and we hope all will come visit our store for great trendy and basic clothing for men and woman at affordable prices."
In a release issued Friday, Jill Guth, JSM's director of commercial leasing and marketing, said the company has been trying to diversify the retail base in Campustown.
"Ragstock is another step in that direction. Campustown needs more clothing retailers and Ragstock is a great company and addition to Campustown. JSM has been working for nearly two years to find the right spot for Ragstock. They like quirky spaces and the basement of 627 Wright is perfect for their needs," Guth said.
Ragstock is expected to open in early August. Follett's is set to close May 29.
There are tentative plans to have two to three retailers on the first floor while plans for the second floor are still unresolved, Guth said.
JSM owns over 1,400 student apartments near the University of Illinois and Illinois State University campuses as well as 450,000 square feet of commercial space.