Lowe's will occupy 14 acres and Kmart will sit on 12 acres. The shadow retailing area accounts for 72,800 sf and A.J. Wright, with 25,000 sf of space, will be the anchor retailer of that section. As for the remaining retail space, "it will be only another 30 to 45 days before I start my construction, and the space is already 84% leased," Victory Crossing Partner David Freidman shares with GlobeSt.com. "I'm committing to September turnovers of space, although I think I'll be finished before then." He currently has 11 tenants signed on and plans to get about four or five more retailers into the remaining space. "I could be fully leased in the next 60-75 days," he says. Shoe City and One Price Clothing will each have 6,000-sf stores in the complex. Leasing prices, he adds, "range from the mid-to high-teens per-sf."

While Freidman is not discussing costs of the land purchase or construction of the shops, the transactions of Victory Crossing's two anchor tenants gives some indication of how much the investment will be for the remaining retail space. Lowe's paid the City $2.75 million for its 14-acre parcel of land and estimates that it will spend approximately $16.5 million on the entire project, including the land acquisition. Summing up the project, Freidman says, "it will bring a lot of needed retail to Portsmouth, which is what Portsmouth Economic Development has been trying to do."