TUCSON-A once vacant grocery store that went dark four years ago will be transformed into a 142,000-sf Lowe's Home Improvement Center under a daring makeover that will breathe new life into the busy northeast corner of Speedway Boulevard and Kolb Road.
Retail expert Nancy McClure with CB Richard Ellis Inc.'s Tucson office says developer Vantage Partners of El Segundo, CA, is in the process of tearing down the shopping center, once home to a Fry's grocery store and several smaller businesses, and turning the near 13-acre tract into a big-box location for the home improvement giant. "The old Fry's just wasn't big enough and it wasn't positioned on the property to handle a Lowe's," says McClure, who handled the long-term lease negotiations for the property.
Terms of the lease aren't being disclosed, but McClure says the new Lowe's facility is set to open in January 2006. The project will mark the fourth store in Tucson for the Mooresville, SC-based Lowe's Cos. Inc.
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