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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.

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