DALLAS-Known for their passion for shopping, Texas consumers are getting another nine stores as retail operations close off 41,311 sf in North Texas deals ranging from 1,271 sf to 8,000 sf.
One of the smallest commitments carries significance in that it takes pre-leasing to 28% in the 95,002-sf Main Street Center at 307 Main St. in Frisco, where Jacksonville, FL-based Regency Centers is building on the southeast corner of FM 720 and FM 423. Lakeside Dental, eyeing a Sept. 1 opening, took 1,700 sf for five years in the 48-acre project anchored by a 62,322-sf Albertsons store. Ernie Kennedy, Regency's in-house leasing representative, brokered the pact.
A mid-May opening is planned for Keep U-N Stitches, which took 2,000 sf at Casa Linda Plaza, an 86%-leased Regency center at 1152 N. Buckner Blvd. Regency's Scott Singleton negotiated the five-year lease to fill a space recently vacated by Books Under $10.
June 1 brings the opening of a 2,400-sf Phoenix Art and Supply in the 91%-leased Mockingbird Commons at 6333 E. Mockingbird Lane in North Dallas. Singleton, closing a five-year lease, put the retailer into space emptied by Family Christian Bookstore.
A Regency coup, negotiated by Singleton, came with a 5,300-sf, five-year pact that is filling a spot that's been empty since the center opened three years ago, Stacey Aldrine, a Regency executive tells GlobeSt.com. The Scrapbook Supercenter signing took occupancy to 86% in the Prestonwood Park at 6505 W. Park Lane in Plano, she says.
At 2389 Midway Rd. in Dallas, Wherehouse Fabrics North took 9,340 sf in a long-term lease for a fabric and upholstery center. Ethan Garner and Cary Mandel, both with Dallas' Weitzman Group, negotiated the deal. Firm Cook Realtors is the property owner.
A Weitzman team also put LookSmart Furniture into its first location: 5,000 sf at Old Orchard East at 1288 W. Main St. in Lewisville. The deal was brokered by Weitzman's Wyatt Russo and Robin Barrow. The owner is a Dallas joint venture, led by Big Six Realty Ltd., according to Denton County Appraisal District's records.
In nearby Denton, the Wilsonville, OR-based Hollywood Entertainment Corp. took 6,300 sf at Denton Crossing, owned by a Dallas-headquartered limited partnership. Dan Shoevlin of Henry S. Miller Commercial's Dallas office was the tenant's representative while David Fogel of Princeton Partners, also Dallas, bargained for the owner of the center at the northwest corner of Loop 288 and Spencer Road.
In Arlington, Chez La Femme Inc. committed to 1,271 sf at Governors Row Office Complex, a mixed-used property at 2017 E. Lamar. Beaux Riley of SCM Real Estate Services in Arlington brokered the pact for the salon operator.
The largest signing went to Tuesday Morning: 8,000 sf in the town of Temple, about 120 miles south of Fort Worth. The retailer signed a long-term lease for the South Loop Shopping Center at 57th Street and US Highway 190. Greg Bracchi of Dallas-based Staubach Co. is Tuesday Morning's representative for the expansion push now in its second year as the popular Dallas-based, close-out retailer finds and signs new locations all across the state. Brad Quine and Jennie Snelling, both with Quine & Associates Inc. of Richardson, represented the center's owner of record, South Loop Shopping Center Ltd.
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.