WOODBURN, OR-Nike will anchor a planned 23,700-sf addition to Woodburn Company Stores, a 300,000-sf outlet center here that sits along Interstate 5. A Nike Factory Store will occupy 15,000 sf of the 23,700-sf expansion. November is the store’s tentative opening date. “They’ll be a huge draw for shoppers,” says Mary Graves, general manager of the outlet center. “The Nike Factory Store [is] an outlet our shoppers have been requesting since we opened six years ago.” There are currently 80 retailers at the outlet center, which opened in 1999 and was last expanded in 2003. Some 3.5 million shoppers visited the property in 2004. Sales at the center approach $400 per sf, says Steven Craig, managing partner of center owner Craig Realty Group of Newport Beach, CA. Construction on the $1.6-million addition is set to start next month. Portland-based SD Deacon is the general contractor. In addition to Nike, the new wing is expected to hold a restaurant and possibly one other apparel retailer. Nike’s new factory store will be its fourth in the state, with other factory stores located in Bend, Portland and Seaside. In addition, Nike’s full-price retail stores are located in Downtown Portland, Eugene and at the Portland International Airport.Craig Realty Group specializes in the development and ownership of factory outlet centers. The company owns and operates centers in Los Angeles, Palm Springs, Phoenix and Conroe, TX.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 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.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.