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Dollar Tree To Open Five Philly Stores

PHILADELPHIA-The stores will be between 10,000 sf and 12,000 sf in buildings that typically rent in the low to mid teens per sf.

By Erika Morphy | Updated on April 07, 2008

PHILADELPHIA-The Dollar Tree has just inked a 10,263-sf lease in the Eagleville Plaza shopping center in Eagleville–and has plans to open at least another five more stores in the Philadelphia and surrounding area by November, according to Metro Commercial broker Donna Drew. Drew represented Dollar Tree in the lease transaction.

Dollar Tree will be joining Kmart and Genuardi’s Family Markets as the as co-anchor at 3200 Ridge Pike when the store opens in August. The asking rate at the center is $15 per sf, she tells GlobeSt.com.

Drew, who has represented Dollar Tree for the past 13 years in this area, is also representing Dollar Tree’s recently acquired brand Deal$, which is a $5-and-under concept. At least some of the five additional stores expected to open in Philadelphia and the surrounding 50-mile area will be Deal$ stores, she says. All told, the retailer expects to open 50 stores in the Greater Philadelphia metro area and surrounding markets over the next five years, at a rate of 10 to 20 stores per year.

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