CREST HILL – The T.J. Maxx that has been a staple at Hillcrest Shopping Center for about 20 years is moving from Crest Hill to Romeoville because it was unsustainable to operate across the street from Marshalls, according to city officials.
Crest Hill Community Development Director Amber Miller said the store didn’t renew its lease because it was competing for market share with the Marshalls store, which is located nearby in Joliet and owned by the same company, The TJX Companies Inc.
The Crest Hill T.J. Maxx is closing while a new location is being built on the corner of the Weber Road intersection with Airport Road in Romeoville.
“When [Marshalls] opened up they thought it was enough market share for both places,” said Miller, citing a discussion she had with the company’s corporate office. “But they started looking at which store is better positioned.”
Marshalls opened up five years ago and had a longer lease, Miller said, while T.J. Maxx’s lease was up this year. So the company decided to move T.J. Maxx to a more competitive location.
The move was discussed at Monday’s Crest Hill council meeting.
“I know that Abe Katz from the shopping center already has a couple of possibilities to take a tenant into that location,” Mayor Ray Soliman said at the meeting, adding that he was disappointed in the move.
Katz represents A&R Katz Management Inc., which owns Hillcrest Shopping Center.
“We talked to their corporate office to see if the city could do anything to get them to stay,” Miller said. “But they were looking at the market share of those two stores and decided to move.”