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LAS VEGAS-Territory Inc. has identified the anchor tenants for the final phase of Centennial Gateway, the 350,000-sf shopping center it is developing next to Centennial Center, its 900,000-sf power center at the intersection of US 95 and Ann Road in North Las Vegas. The anchor tenants for Centennial Gateway will be Sportsman’s Warehouse, 24 Hour Fitness and Fresh & Easy Neighborhood Market.

The trio will occupy approximately 114,000 sf of the 350,000-sf development. Construction of their buildings is slated to begin in March 2008 and be complete by the end of the year. Both the shopping center and the power center before it are owned by a joint venture that also includes Schwartz Development and Olympia Development.

Sportsman’s Warehouse signed a 15-year lease for 55,465 sf and 24-Hour Fitness signed a 15-year lease for 45,000 sf. Fresh & Easy, a new US chain by UK-based Tesco, signed a multi-year lease for 13,913 sf. The first phase of Centennial Gateway is occupied by Lane Home Furnishings, Ashley Furniture, and La-Z-Boy. The national furniture retailers occupy a combined 75,000 sf.

Centennial Gateway’s predecessor, Centennial Center, is anchored by Wal-Mart, Sam’s, Ross, Home Depot, Office Max, Michaels and Circuit City. Together, the two centers will total more than 1.2 million sf.

Centennial Gateway is one of several projects Territory has under construction in the Las Vegas Valley. The company is also developing Corner, a 350,000-sf development in North Las Vegas at the northeast corner of Craig and Losee roads that will be anchored by Sam’s Club and Lowe’s.

The company is also under construction for the second phase of Southern Highlands Marketplace, its 190,000-sf center at the entrance to the Southern Highlands master planned residential development, and Commerce Commons, a 150,000-sf grocery-anchored center at the southeast corner of Centennial and Commerce in North Las Vegas.

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