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retail report This year’s bankruptcy of Toys R Us returned nearly 350,000 square feet to the local market.

DALLAS—Despite the so-called death of retail, which includes this year’s bankruptcy of Toys R Us returning nearly 350,000 square feet to the local market, Dallas/Fort Worth’s retail fundamentals are strong. Occupancy dipped a mere 10 basis points during the second quarter, following the addition of more than 580,000 square feet of new deliveries, which came on line significantly pre-leased, according to CBRE’s Dallas/Fort Worth retail marketview for second quarter.

Malls and big boxes have taken the brunt as these closings involve three Sears mall-anchor stores in addition to the Toys R Us stores, resulting in more than 1 million square feet of vacancy. Once the largest retailer in the US, Sears has slashed its store count in half during the past five years. The embattled department store chain is quietly closing another 72 stores, in addition to the 166 stores already planned for the chopping block this year. The closures include three stores in North Texas located in Denton, Fort Worth and Lewisville, according to the CBRE report.

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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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