Fresh Thyme plans 50 new stores with Esri
Redlands, Calif. — Start-up Fresh Thyme Farmers Market plans to open 50 new stores across 12 Midwestern states over the next six years. To find the right locations, Fresh Thyme is using Esri technology and data to prioritize markets and rate, rank and compare potential sites based on geographic and demographi9c analyses.
Esri’s location-based solutions analyze existing stores and visualize future stores from the cloud. The system enables Fresh Thyme executives to access research sites in the office and out in the field, visiting old sites and considering new ones.
Mama’s Hawaiian Bar-B-Cue to Cortaro Plaza
Tucson, Ariz. — Mama’s Hawaiian Bar-B-Cue has signed a lease for a 2,000-sq.-ft. restaurant in Cortaro Plaza in Tucson, Ariz. The new location, the third for the young chain, is expected to open in mid-January 2014. The first two locations are near the University of Arizona and in Sahuarita, Ariz., a Tucson suburb.
Commercial Retail Advisors represented both the landlord, Cortaro Investments and the tenant, Mama’s Family Restaurants in the lease transaction.
Marshalls opens in Washington, D.C.
Washington, D.C. —Marshall’s has opened its second Washington, D.C. store. According to the Washington, D.C., Economic Partnership, the 28,925-sq.-ft. store is located at the National Press Building at 14th and F Streets downtown. Marshall’s is planning a third location for the Shops at Dakota Crossing in the city’s northeastern quadrant.
Marshall’s joins other national retailers that have recently executed leases or opened in the District this year. They include Barnes & Noble, H&M, Pinstripes and Bloomers, an upscale lingerie store. Over 400,000 sq. ft. of new retail space will open by the end of 2013.
The D.C. Economic Partnership estimates that unmet retail demand in the city is over $1 billion and notes that the District’s economy is one of the most robust in the nation.