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Ultimate Electronics Bursts Onto Scene with 9 Lease Deals

DALLAS-Ultimate Electronics Inc. leases nine store locations totaling 279,000-sf. The terms of the arrangement have not been released, but the stores are all scheduled to open in August of 2002.

By Barbra Murray | Updated on December 13, 2001

DALLAS-The Dallas/Ft.Worth Metroplex will welcome nine new Ultimate Electronics, Inc. retail outlets now that Staubach Retail Services has negotiated leases for the company totaling 279,000 sf. The stores are scheduled to open in the summer of 2002. Neither party is revealing the terms of the lease agreements on each of the 31,000-35,000-sf spaces.

Following revelation of the company’s third quarter results, CEO of the consumer electronics retailer Ed McEntire speaks of Ultimate Electronics’ goal to penetrate the local market. “As a result of the uncertain environment,” he explains “we continue to carefully balance short-term expectations with the unprecedented long-term opportunities for continued growth.” He continues, “we plan to move forward with our expansion into the Dallas/Ft. Worth market in 2002.” And so they will.

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