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KELSO, WA-Pier 1 Imports has inked a long-term, $1.7 million lease deal to occupy a 9,000-sf building under development at Three Rivers Mall, located along Interstate 5 in Kelso, Wash.

Rolland Jones and John Dunton, both of Staubach Retail Services’ Seattle office, represented the home décor retailer in the lease. The building’s owner and developer is JP Realty Inc., a Salt Lake City-based company in the process of being acquired by General Growth Properties for $1.1 billion. JP also owns three malls in the Spokane region of Washington.

Jones tells GlobeSt.com that Pier 1 liked the relatively small Kelso market because highly-refined demographics supplied by The Buxton Co. of Fort Worth showed the population and incomes in the area would support such a store. “It was also the place to be in the region because of the other retailers there,” says Jones. “Target already has a stand-alone location at the mall and Safeway is coming in to replace Top Foods.”

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