Lex’s of Carytown up for sale: ‘22 years is a long time to sell clothing’

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Owner Lisa McSherry hopes the future owners of Lex’s will keep the store in the neighborhood that has been its home since its launch. (Charlotte Woods)

A veteran Carytown retailer is shopping for a buyer for her business while sizing up a new endeavor she hopes to launch elsewhere in the neighborhood.

Lisa McSherry is fielding offers for Lex’s of Carytown, the women’s clothing store at 3020 W. Cary St. that she started in 1996.

“It’s heartbreaking to step away from, but I really do want to try something else,” McSherry said. “Twenty-two years is a long time to sell clothing.”

McSherry started the store in Carytown after a corporate career in the travel industry that took her to cities such as New York and Los Angeles. In her free time on those trips, she roamed the garment districts and became inspired to open the shop, which is named for her father.

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Lisa McSherry poses near a section of her Lex’s of Carytown store. (Charlotte Woods)

Selling formal, semiformal and casual clothing from cocktail dresses to prom or bridesmaids gowns, the shop has expanded three times from its original 850-square-foot space to 5,200 sf today. Lex’s has been in its current home for six years.

McSherry has enlisted Murphy Business Sales to field offers. She said her ideal buyer will keep the shop in Carytown. Lease details will be negotiated with the buyer.

“I want to make sure that the new buyer will love it as much as I do,” she said. “It’s like handing over your 22-year-old child for adoption.”

Lex’s landlord, Jim McVey, who’s also a broker with Commonwealth Commercial Partners, is willing to downsize the store if needed, as Lex’s occupies what originally were two store spaces.

Driving her decision to sell is an itch to pursue something new, McSherry said.

She already has something in mind, but wouldn’t disclose any details – other than a hint about location.

“I love Carytown,” McSherry said. “I’m hoping my new venture will be here as well. It feels like home to me.”

lex2

Owner Lisa McSherry hopes the future owners of Lex’s will keep the store in the neighborhood that has been its home since its launch. (Charlotte Woods)

A veteran Carytown retailer is shopping for a buyer for her business while sizing up a new endeavor she hopes to launch elsewhere in the neighborhood.

Lisa McSherry is fielding offers for Lex’s of Carytown, the women’s clothing store at 3020 W. Cary St. that she started in 1996.

“It’s heartbreaking to step away from, but I really do want to try something else,” McSherry said. “Twenty-two years is a long time to sell clothing.”

McSherry started the store in Carytown after a corporate career in the travel industry that took her to cities such as New York and Los Angeles. In her free time on those trips, she roamed the garment districts and became inspired to open the shop, which is named for her father.

lex1

Lisa McSherry poses near a section of her Lex’s of Carytown store. (Charlotte Woods)

Selling formal, semiformal and casual clothing from cocktail dresses to prom or bridesmaids gowns, the shop has expanded three times from its original 850-square-foot space to 5,200 sf today. Lex’s has been in its current home for six years.

McSherry has enlisted Murphy Business Sales to field offers. She said her ideal buyer will keep the shop in Carytown. Lease details will be negotiated with the buyer.

“I want to make sure that the new buyer will love it as much as I do,” she said. “It’s like handing over your 22-year-old child for adoption.”

Lex’s landlord, Jim McVey, who’s also a broker with Commonwealth Commercial Partners, is willing to downsize the store if needed, as Lex’s occupies what originally were two store spaces.

Driving her decision to sell is an itch to pursue something new, McSherry said.

She already has something in mind, but wouldn’t disclose any details – other than a hint about location.

“I love Carytown,” McSherry said. “I’m hoping my new venture will be here as well. It feels like home to me.”

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