Irving, Texas-based Michaels Stores Inc. reached almost $2 billion in sales in 1999, with 629 Michaels stores it owns and operates in 48 states, Canada, and Puerto Rico and the 121 Aaron Brothers stores, located on the West Coast and in Dallas. Sales totals for the 2000 are expected to be released February 8, 2001. Michaels became a publicly held company in 1984. The company's retail stores average 17,600 square feet of selling space and offer on average 40,000 items.
Lea Clay and Paul Barlett of Staubach Retail Services' Irvine office represented Michaels. James R. Costanzo represented his company, Newport Beach-based Pacific Development Partners, shopping center owner, in the transaction.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
