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DDR signs anchors for Seabrook Commons in N.H.

Beachwood, Ohio — DDR Corp. has announced he lease-up and construction of Seabrook Commons, a 380,000-sq.-ft. power center slated to open in the summer of 2014 in Seabrook, N.H.

Anchored by Wal-Mart, Dick’s Sporting Goods, PetSmart, Michaels, Ulta, Five Below and Panera, the center will open 95% leased.

The trade area has a population of 251,000 people and an average household income of approximately $90,000.

The opening of Seabrook Commons next year will mark DDR’s second-consecutive year of developing a power center from the ground up. In May of this year, the company opened Belgate Shopping Center, a 900,000-sq.-ft. center in Charlotte, N.C., anchored by Ikea, Wal-Mart, Marshalls, Ulta, Old Navy, PetSmart, Cost Plus World Market, Hobby Lobby and Shoe Carnival.

© 2014