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A Developer Makes A Surprisingly Good Case For Replacing Safeway with a Dollar Tree

SEAT PLEASANT, MD--Horning Bros. was able to replace its departing Safeway anchor at Addison Plaza with two tenants, one of which was a Dollar Tree.

By Erika Morphy | erikamorphy | | Updated on June 20, 2016
Addison Plaza Addison Plaza

SEAT PLEASANT, MD–Six months ago, Safeway informed Horning Brothers that it would be vacating the 40,000 square feet it occupied at Addison Plaza, a grocery-anchored shopping center in Seat Pleasant, MD, owned by the Washington DC-based developer and real estate owner.

Losing an anchor is never a pleasant event, but Horning Bros. recovered. It has just signed two leases with tenants totaling 30,000 square feet, or 75% of the space that Safeway is occupying until its departure next month.

One is with Dollar Tree and the other is with Fitness Evolution . Now there is just 8,000 square feet left to rent and the prospects of filling it have markedly improved, Horning Brothers President David Roodberg tells GlobeSt.com. “We think it will move a lot more quickly with these two tenants in place,” he says.

“A Mini Grocery Store”

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