Ultimate Electronics Bursts Onto Scene with 9 Lease Deals

DALLAS-The Dallas/Ft.Worth Metroplex will welcome nine new Ultimate Electronics, Inc. retail outlets now that Staubach Retail Services has negotiated leases for the company totaling 279,000 sf. The stores are scheduled to open in the summer of 2002. Neither party is revealing the terms of the lease agreements on each of the 31,000-35,000-sf spaces.

Following revelation of the company’s third quarter results, CEO of the consumer electronics retailer Ed McEntire speaks of Ultimate Electronics’ goal to penetrate the local market. “As a result of the uncertain environment,” he explains “we continue to carefully balance short-term expectations with the unprecedented long-term opportunities for continued growth.” He continues, “we plan to move forward with our expansion into the Dallas/Ft. Worth market in 2002.” And so they will.

The stores will be located in the following shopping complexes: Plano’s Fairview Marketplace, Lewisville’s Vista Ridge Square, Mesquite’s The Marketplace at Towne Center, Hurst’s Pipeline Village Shopping Center; Highland Shopping Center in South Arlington, Shafer Plaza in Frisco, Cedar Hill’s Cedar Hill Town Square, and Ft. Worth’s Ridge Rock Plaza. In addition, there will be one stand-alone store near the Dallas Galleria.