JSM signs lease with Ragstock for Follett's space

JSM signs lease with Ragstock for Follett's space

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.

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spangwurfelt wrote on May 03, 2013 at 12:05 pm

A textbook store replaced with a used clothing store?

Welcome to the new normal.

prp wrote on May 03, 2013 at 1:05 pm

Textbook stores are doomed.  They'll either be ebooks or purchased online and shipped.   Times change.   

djdunn2 wrote on May 10, 2013 at 12:05 am

Yes times do change. I just took a Health Psychology Course at Ashford University Online. I could order the old fashioned hard copy book or the E-Book. This was my first time getting the E-Book format and I will do it EVERY time! I was able to put the book on my I-Pad, I-Phone, MacBook Pro as well as my laptop PC. When I read it on one source and closed it out when I opened it on another it was transferred to the exact page as well as any virtual highlighting also transferred. When I put in a term or topic I could instantly search every instance where that term or topic was discussed. It made my learning much much easier and I didn't have to lug around a large bulky textbook and had the flexibility of reading the material whenever I had down time or needed to access it. Before that... even as a Parkland or U of I BSN student I would attempt to buy my books online as they were much cheaper and I didn't have to pay for the overhead of all of the "other stuff" that these stores do and carry.