REAL ESTATE

Dick’s Sporting Goods opens Petaluma store

BY Staff Writer

Pittsburgh – Dick’s Sporting Goods is opening a new store in Petaluma, Calif., with a three-day grand opening weekend celebration beginning Friday, June 7. The location be the retailer’s 28th store in the state of California and its 523rd nationwide.

"We’re pleased to be opening a new Dick’s Sporting Goods store in Petaluma, which will enable us to better serve the needs of athletes in the community," said Lauren Hobart , chief marketing officer, Dick’s Sporting Goods..

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REAL ESTATE

Dick’s Sporting Goods holds grand opening at Alliance Town Center

BY Michael Fickes

Fort Worth, Texas — Dick’s Sporting Goods is now open at Alliance Town Center in North Fort Worth, Texas. During the May 31 through June 2 grand opening ceremonies for the 50,000-sq.-ft. Phase II anchor, co-developer Trademark Property Co., announced plans to add 237,000-sq.-ft. of retail and restaurant space to the center.

“With Dick’s opening, we are well positioned to complete the current phase and proceed with our main-street lifestyle expansion,” said Trademark CEO Terry Montesi.

Montesi also noted that construction is underway on Razzoo’s Cajun Café, Pie Five and Cold Stone Creamery with announcements regarding other national retailers coming soon.

Groundbreaking on the 87,500-sq.-ft. balance of Phase II will commence this fall with completion scheduled for spring 2014, according to Trademark.

Trademark has also begun pre-leasing on a main-street lifestyle expansion that will open late 2014 or early 2015 with an estimated 150,000 sq. ft. of specialty retail and restaurants.

When completed, Alliance Town Center will host 1.3 million sq. ft. of retail, restaurants and entertainment.

A joint venture of Hillwood Development Co. (www.hillwood.com) and Trademark, Alliance Town Center is located on I-35W at Heritage Trace Parkway in North Fort Worth, part of the 17,000-acre Alliance, Texas, master-planned community, which is currently home to more than 33,000 jobs.

Other retailers currently open include Belk, J.C. Penney, Best Buy, Cinemark Theaters, Sam Moon, Rooms To Go, The Children’s Place, Jos. A. Bank, Kroger Marketplace, PetSmart and Ulta. Dining options include BJ’s, Olive Garden, Houlihan’s, Chick-fil-A, Cheddar’s, Which Wich, Zoes Kitchen, Jason’s Deli and Mi Cocina.

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Stirling Properties and JCH Development to develop Magnolia Marketplace

BY Michael Fickes

New Orleans — Stirling Properties and JCH Development have announced a joint venture to develop the first 6,000-sq. ft. building of Magnolia Marketplace Shopping Center in New Orleans at the intersection of South Claiborne Avenue and Fourth Street. A second phase of the development will commence this fall at South Claiborne and Toledano.

Stirling and JCH have secured leases for 108,000 sq. ft. with national retail tenants. Stirling is currently negotiating with prospective tenants for the remaining space. When complete, the center will span 138,000 sq. ft.

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