SRS announced Monday that Dollar Tree has signed four new leases, continuing its expansion efforts throughout Arizona. Dollar Tree is an actively expanding customer-oriented, value-driven variety store operating at a $1 price point.
Dollar Tree’s first new location is a 10,800-square-foot space now open at Chandler Festival located at the northeast corner of Chandler Boulevard and Loop 101 in Chandler. Other tenants include Lowes, Nordstrom Rack, Buy Buy Baby, T.J.Maxx and Ulta Beauty.
The second new location for the discount store is a 10,204-square-foot space at Cotton Plaza located at the northeast corner of Bell Road and Cotton Lane in Surprise. Tenants in the center include: Walgreens and Ace Hardware. This Dollar Tree location is now open.
Dollar Tree’s third location is an 8,625-square-foot space in Bell Camino Shopping Center located at the northwest corner of Bell Road and Del Webb Road in Sun City. Other tenants in the center include: Safeway and CVS. The Dollar Tree plans to open early 2015.
Dollar Tree’s fourth new location is a 7,840-square-foot space located at the southwest corner of Guadalupe Road and Hawes Road in Mesa. The Dollar Tree is now open in the Walmart Neighborhood Market anchored shopping center.
Kurt Kalocin with SRS represented the tenant, Dollar Tree, in the four transactions. RED Development represented the landlord, Chandler Festival SPE, LLC at the Chandler Festival location. Jason Fessinger with Strategic Retail Group represented the landlord, Bell Cotton, LLC at the Bell and Cotton location. Dan Lupien with Kimco Realty Group represented the landlord at Bell Camino Shopping Center. Kalen Rickard with Strategic Realty Group represented the landlord Guadalupe Five Timbers, LLC at the Guadalupe and Hawes location.