SRS Real Estate Partners announced Tuesday that Dollar Tree has signed three new leases and is looking for more sites throughout Arizona. Dollar Tree is an actively expanding customer-oriented, value-driven variety store operating at a one dollar price point. Dollar Tree’s first new location is a 10,865 SF space at Squaw Peak Plaza located at the NEC of Thomas Road and State Route 51 in Phoenix. Other tenants include; Steven’s Shoes and Douglas Barber Shop. Dollar Tree plans to open in early 2014.
The second new location for the discount store is an 8,512 SF space in Harrison Plaza located at the northwest corner of Golf Links Road and Harrison Road in Tucson. Tenants in the center include; Big Lots, O’Reilly Auto Parts, and Losbetos Mexican Restaurant. Dollar Tree plans to open in early 2014.
Dollar Tree’s third new location is an 8,000 SF space at Gilbert Gateway Towne Center located at the southwest corner of the San Tan Freeway and Power Road in Gilbert. The Target anchored shopping center includes; Michael’s, Ross, Chase, Petsmart and Sweet Tomatoes. Dollar Tree plans to open in early 2014.
Kurt Kalocin with SRS Real Estate Partners represented the tenant, Dollar Tree in the three transactions. Brian Woods and Tom Woods with Collier’s International represented the Landlord, Vestar, in the Gilbert Gateway Towne Center transaction. Regan Amato and Tyler Chester with Phoenix Commercial Advisors represented the landlord, Kornwasser Shopping Centers, in the Squaw Peak Plaza transaction.
