Leasing agent Mark Cohen of Cornerstone Commercial Real Estatein Dallas tells GlobeSt.com that a couple of promising anchortenants have recently dropped out of the running for the seven-acreArlington Court development being plotted near the intersection ofCollins Street and Randol Mill Road. According to traffic surveys,37,000 vehicles per day pass the site's Collins Street side while18,000 pass the Randol Mill Road border. The property is contiguousto a super Kmart, positioned at the corner of the heavily traveledintersecting streets and situated within blocks of the Ballpark atArlington, home to the Texas Rangers baseball team.

Cohen says he has several smaller tenants waiting in the wingsfor the development to launch. The project has been in the planningstages for nearly a year. The renderings are in place, the siteplans are complete and so is the Houston developer, whom Cohen isdeclining to identify at this stage of the game. "We knew this wasgoing to be a very hard deal," Cohen tells GlobeSt.com. "We'reworking very hard at it." He says he still has some anchorprospects in the hopper, but nothing has been firmed up that wouldjumpstart the project.

He has been looking at all types of anchors, with a focus on agrocery chain--one that would need better than 30,000 sf--for theforeign investment group that owns the property. "The anchor's thekey piece to the puzzle and the rest will fall in place," he says,citing the need to resolve signage issues. "We'll get that if wecan get the tenant." Without a signed anchor, Cohen says theproject "may not get off the ground."