See’s Candies to open new stores in The Golden State
A specialty retailer continues to expand its breadth.
See’s Candies plans to open nearly a dozen new or relocated stores by the end of 2017. All new locations will set up shop in California.
The new stores will be located in San Jose, Castro Valley, Manhattan Beach, Paso Robles, Laguna Hills, Glendale and Calabasas. The new locations come on the heels of new shops that have previously opened or moved this year into new or larger locations in Escondido, Windsor and Pleasant Hill, California.
“When deciding where to focus our new retail shop locations, it was important for us to see where customer demand was,” said Ann Ostrander, senior VP of sales at See’s Candies.
“Many of our new and relocated stores are in convenient locations in outdoor malls and strip centers where our consumers are shopping these days,” said Ostrander. “In this time of uncertainty for many brick-and-mortar retailers, we’re very excited to be growing and expanding our retail presence throughout California, as we also look to add retail locations in the other states.”
See’s currently operates more than 240 locations, as well as an e-commerce site.
Big new center takes shape in Tucson
Bourn Companies has broken ground at a retail center on Tucson’s south side that could eventually add 600,000-sq.-ft. of retail space to the city.
About 220,000-sq.-ft. of that space is taking shape and expected to be completed by the end of the year at Fashion Park Shopping Center, located on Irvington Road at the intersection of Interstate 19. Complete build-out is expected by 2020.
Plans call for anchor tenants to be situated on the west side of the center, facing I-19, while restaurants and shops will sit east and south facing the Interstate and Irvington road. Arizona’s Department of Transportation is adding a third right-turn lane off I-19 to accommodate increased traffic flow to the center.
Chipotle and Southern Arizona Urgent Care are to be among the first tenants at Fashion Park.
Many of Bourn’s key executives came up in leasing and building management, and materials provided by the Tucson-based company state that it prides itself on having a tenant orientation.
Houston power center changes hands
Dunhill Partners has acquired The Center at Pearland Parkway in Houston, which houses T.J. Maxx and Ross Dress for Less and is shadow-anchored by an HEB grocery store. Seller Stream Realty Partners did not disclose the sale price.
"Due to the ideal spacing between the two closest major retail nodes, the Center at Pearland Parkway offers tenants the ability to capture this under-served community with limited competition," said Stream managing director Mark Sondock.
The Center at Pearland Parkway is a multi-phase project that kicked off in the early part of recovery after the recession ended and was completed in 2014. Situated at a prime intersection of FM 518 and Pearland Parkway, its second phase was just completed. Additional anchor and in-line spaces are up for lease.