X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

FORT WORTH-The Dollar Tree has signed a 9,900-sf, five-year lease for its newest location, the Lake Worth Center at 6330 Lake Worth Blvd. in Fort Worth. A November opening is planned, coming just months before the Chesapeake, VA-based retailer gets the keys to a 603,000-sf distribution center.

The 87-acre distribution center is going up in Marietta, OK along Interstate 35 and just 14 miles north of the Texas border. The center, carrying a first-quarter 2003 delivery, is expandable to 1.2 million sf and exemplifies Dollar Tree Stores Inc.’s commitment to its expansion plan for the South and South Central states.

According to a corporate press release, the distribution center is requiring an estimated $40-million capital investment. It will add 125 jobs to the rural Oklahoma town and be the retailer’s seventh center for servicing an existing 2,000-store network in 37 states.

In the Fort Worth lease, Dollar Tree was represented by Jennifer Frank, Greg Rabin and Jim Weir, Woodmont Co. associates. Cindy Dunn of the Makens Co. of the Fort Worth suburb of Bedford, handled talks for the building owner, Lake Worth Center Ltd. The 50,950-sf center, anchored by Albertsons, currently is 79% leased.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.