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. Home décor retailer Kirkland's Stores Inc. signed a lease and has opened an 11,590-square-foot store in the Park Village shopping center, located at the southwest corner of East Southlake Boulevard and South Carroll Ave. in Southlake, TX. Park Village is an 186,000-square-foot outdoor retail center with tenants including REI, Beauty Brands, Michaels, Sur la Table and Luke's Locker . Tim Henson and Amy Pjetrovic with Venture Commercial represented the landlord, Excel Southlake I LP , and Greg Bracchi with EDGE Realty Partners represented Kirkland's. Habitat for Humanity of South Collin County has signed a lease to open an 18,000-square-foot ReStore , a nonprofit home improvement store and donation center, in the Custer Creek shopping center located at 2060 W. Spring Creek Pkwy. in Plano, TX. David Schnitzer with Venture Commercial represented the tenant in lease negotiations, while Roger Smeltzer with Vision Commercial represented the landlord, WC Custer Creek Center LP . Genuine Parts Company leased a 15,080-square-foot freestanding building located at 3021 Alta Mere Dr. in Fort Worth to open a NAPA Auto Parts store. Venture's Easley Waggoner Jr. along with Michael Dearden represented the landlord, a family trust in negotiations to lease the freestanding building. Chris Sacks and Jeff Kittleson with CBRE Inc. represented the tenant. Dollar Tree Stores Inc. signed a lease and has opened an 8,443-square-foot store in the Ovilla Road Plaza shopping center located at 132. E. Ovilla Road in Red Oak, TX. Venture's Mike Wilson represented the landlord, Apple Capital LLC in lease negotiations. Jim Weir with The Retail Connection represented Dollar Tree. The discount retailer joins other tenants at Ovilla Road Plaza including Anytime Fitness, Snuffer's Restaurant & Bar and Jackson Hewitt . Amy Pjetrovic , senior vice president with Venture Commercial, tells GlobeSt.com: "Although we are in a great market, it seems to be a changing market as well. Retailers seem to be doing less locations overall but the site criteria is as stringent as ever. We try to capture the opportunities since tenant activity is evolving and retailers are facing competition for space from multiple categories including medical and entertainment concepts. As landlord representatives, our challenge is to come up with creative solutions to lease spaces that meet the expectations of this changing tenant market."

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Retailers Enforce Stringent Criteria Amid Fewer Sites

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