CARROLLTON, TX—In January 2015, long-time Trinity Valley Shopping Center retailer, Target, closed its store. In October following the closure, the owner of the center, Josey Trinity Mills LTD, acquired the vacant building.
Boise, ID-based discount grocer WinCo Foods has announced plans to develop a new ground-up 82,077-square-foot anchor store at the center located at the northeast corner of the President George Bush Turnpike (SH-190) and Josey Lane. The site will be demolished starting next month and the newly developed WinCo is scheduled to open in early 2017.
The project's leasing team, Matt Luedtke and Steve Gray with The Weitzman Group, along with Cencor director of asset management, Randy Stebbins and asset manager Joe Lea, worked on behalf of the center's ownership to negotiate the acquisition of the vacant Target and bring in WinCo for the new anchor store. The grocer was represented by DWC Commercial and Venture Commercial.
Stebbins will direct the development of the new anchor store on behalf of the center's ownership. Cencor vice president of construction Kathy Detrick is managing the construction of the redevelopment. Cencor Realty Services manages Trinity Valley under the direction of property manager Zoe Lopez.
Stebbins tells GlobeSt.com: “We are fortunate to be an integral part of WinCo's expansion strategy in the DFW Market. Target's decision to close was very disappointing, but it provided a great opportunity for WinCo. Trinity Valley will benefit from the increased traffic provided by WinCo.”
WinCo Foods, founded in Idaho in 1967, is an employee-owned discount grocery company known as “the supermarket low price leader”. The grocer, which is expanding in Dallas/Fort Worth, currently operates 105 locations in Texas, Washington, Idaho, Nevada, California, Oregon, Utah and Arizona.
“We are very pleased to have the opportunity to develop a new store in Carrollton. We look forward to bringing great values and great service to our Carrollton customers,” said Michael Read, WinCo's vice president, legal and public affairs.
The center's ownership and WinCo worked closely with the city of Carrollton to ensure that this critical retail intersection remain vibrant with strong co-tenancy.
“We are excited to welcome WinCo to Carrollton. This is a key anchor location for our citizens, and the site upgrades and new shopping will be a welcome addition,” said mayor Matthew Marchant.
Trinity Valley Shopping Center, first opened in the 1970s, remains one of the leading retail destinations in the trade area. The center incorporates nearly 300,000 square feet of retail space and features a line-up of strong concepts including Ulta, Ross Dress for Less, rue21, Petco, Chili's, Lane Bryant and Dress Barn.
“The strength of this site, located at the intersection of two key thoroughfares in a densely populated trade area, is a key reason we have a strong new anchor in place mere months of Target's announcement,” Stebbins said.
CARROLLTON, TX—In January 2015, long-time Trinity Valley Shopping Center retailer, Target, closed its store. In October following the closure, the owner of the center, Josey Trinity Mills LTD, acquired the vacant building.
Boise, ID-based discount grocer WinCo Foods has announced plans to develop a new ground-up 82,077-square-foot anchor store at the center located at the northeast corner of the President George Bush Turnpike (SH-190) and Josey Lane. The site will be demolished starting next month and the newly developed WinCo is scheduled to open in early 2017.
The project's leasing team, Matt Luedtke and Steve Gray with The Weitzman Group, along with Cencor director of asset management, Randy Stebbins and asset manager Joe Lea, worked on behalf of the center's ownership to negotiate the acquisition of the vacant Target and bring in WinCo for the new anchor store. The grocer was represented by DWC Commercial and Venture Commercial.
Stebbins will direct the development of the new anchor store on behalf of the center's ownership. Cencor vice president of construction Kathy Detrick is managing the construction of the redevelopment. Cencor Realty Services manages Trinity Valley under the direction of property manager Zoe Lopez.
Stebbins tells GlobeSt.com: “We are fortunate to be an integral part of WinCo's expansion strategy in the DFW Market. Target's decision to close was very disappointing, but it provided a great opportunity for WinCo. Trinity Valley will benefit from the increased traffic provided by WinCo.”
WinCo Foods, founded in Idaho in 1967, is an employee-owned discount grocery company known as “the supermarket low price leader”. The grocer, which is expanding in Dallas/Fort Worth, currently operates 105 locations in Texas, Washington, Idaho, Nevada, California, Oregon, Utah and Arizona.
“We are very pleased to have the opportunity to develop a new store in Carrollton. We look forward to bringing great values and great service to our Carrollton customers,” said Michael Read, WinCo's vice president, legal and public affairs.
The center's ownership and WinCo worked closely with the city of Carrollton to ensure that this critical retail intersection remain vibrant with strong co-tenancy.
“We are excited to welcome WinCo to Carrollton. This is a key anchor location for our citizens, and the site upgrades and new shopping will be a welcome addition,” said mayor Matthew Marchant.
Trinity Valley Shopping Center, first opened in the 1970s, remains one of the leading retail destinations in the trade area. The center incorporates nearly 300,000 square feet of retail space and features a line-up of strong concepts including Ulta,
“The strength of this site, located at the intersection of two key thoroughfares in a densely populated trade area, is a key reason we have a strong new anchor in place mere months of Target's announcement,” Stebbins said.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
