The South Richfield, MN-based Best Buy is the fourth anchor forthe power center, where national retailers are jockeying forposition in a development with a half-mile of frontage alongInterstate 35W. The staged roll-out has already marked openings for a103,000-sf J.C. Penney's and 7,800-sf Cheddar's. A 60,000-sf HobbyLobby opens its doors in the fall. And anchor Belk Inc.'s 96,000-sfstore will come on line at the same time as Best Buy and 240,000 sfthat's in hand as signed letters of intent or committee-approveddeals from shop tenants and junior anchors.

"We have so much leasing momentum in letters of intent orcommittee approved that we're moving now. Because we have Penney'sand Belk's and all the infrastructure in place, we're getting thetenants," Terry Montesi, president and CEO of Fort Worth-basedTrademark Property Co., tells GlobeSt.com. "Best Buy looked at thecompetitions'sites across the freeway. The critical mass is on ourside." And Best Buy, he adds, gets a ground-leased pad site rightalong I-35W.

Trademark and Hillwood are joint venturing on 1.3 million sf ofretail for the 300-acre, mixed-use Alliance Town Center. Inaddition to the power center, the plan calls for a 150,000-sfgrocery-anchored center, 500,000 sf of retail in the town centerproper and 250,000 sf more that's being developed by Sam Moon Trading Co.,a Dallas-based retailer of brand names at discount prices thatcreated its own shopping cult in the region. The town center alsoincludes office, hotel, entertainment and residential space alongwith an HCA medical campus.