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Retailers Enforce Stringent Criteria Amid Fewer Sites

DALLAS—With five recent leases totaling more than 108,000 square feet of anchor retail space across Texas, finding and creating opportunities in an extremely tight real estate market remains possible.

Retail keasing Kirkland’s Stores Inc. has opened an 11,590-square-foot store in Southlake.

DALLAS—While challenges remain in finding and creating opportunities in a tight real estate market, deals can still be had. This is exemplified in the latest leases totaling more than 108,000 square feet of anchor retail space across Texas for landlord and tenant entities.

Hobby Lobby Stores Inc. signed a lease to open a store in a 55,000-square-foot anchor space in the Mansfield Marketplace shopping center located on the southwest corner of US Highway 287 and Broad Street. John Zikos with Venture Commercial Real Estate, along with Edward Bogel and David Davidson Jr., represented the landlord, 42 HL Mansfield LP, in lease negotiations. Paul B. Burkhart with Concordia Equity LC represented Hobby Lobby. Hobby Lobby joins Kohl’s in the center.

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Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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