"They have very low traffic impact but bring in a lot of ladies to these centers. It's really a good use," Gordon Raguse, a senior vice president with Grubb & Ellis/BRE Commercial, tells GlobeSt.com. Franchisee Joann Dugan, operating as Curvaceous Inc., sealed the deal with Phoenix-based Westcor Realty LP, now a subsidiary of the Macerich Co. of Santa Monica, CA, for inline space at 12005 N. Tatum Blvd. Dugan operates three centers in metro Phoenix and two in Wisconsin for the Waco, TX-based Curves International Inc.
Raguse says Village Crossroads, with rents averaging $25.30 triple net, is the 12th Curves lease he's negotiated in recent months. The newest inline location is in a 187,336-sf center situated across the street from the 1.3-million-sf Paradise Valley Mall. The fitness center joins a lineup that includes Burlington Coat Factory, Gateway Country and Outback Steakhouse. Raguse represented the tenant. Westcor was self-represented.
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.