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GlobeSt.com EXCLUSIVE: Low-End Retail Finds High-End Deals

PHOENIX-With the highest number of vacant big boxes in the West, the Valley is fertile ground for discount retailers looking to tap middle-class dollars. Discounters are finding some sweet deals in the metro's upscale neighborhoods.

By Beverly Ford | Updated on October 02, 2002

PHOENIX-Low-end retailers with an upscale mindset are moving in on vacant big-box stores, bringing their discounted wares to some of the area’s tonier neighborhoods in a fierce battle over middle-class dollars.

“Out of the 115 vacant boxes over 15,000 sf in Phoenix, probably three of them will be 99-Cent Only Stores,” Judi Butterworth, first vice president with CB Richard Ellis Inc., tells GlobeSt.com, referring to the cut-rate merchandiser that recently opened stores in Scottsdale and Chandler.

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