Dollar Tree Holds Fast to Anchor Space, Renews Early

Seated at the helm of leasing and management, Bradford Commercial Real Estate Services has maintained the lease-up of Terrell Corners Shopping Center with a long-term renewal by the project’s anchor tenant, Dollar Tree Stores Inc.

The Fortune 500 company, which occupies 8,000 sf, is marking its 16th year in the retail center at 101 Sam Walton Way in Terrell. Paul Richter, vice president of Bradford Commercial Real Estate Services, and Tammy Salas, vice president of Bradford Property Management Co. Inc. oversee the asset for the landlord, Welsh Irrevocable Trust.

“Dollar Tree reached out to us about renewing early, which is a testament to the landlord, Bradford’s property management and the project’s location,” Richter says.

Dollar Tree occupies an end cap in the 23,050-sf Terrell Corners, of which roughly 80% of the roster is dominated by national brands that includeWingStop, Anytime Fitness, Sally Beauty Supply and Cato Fashions. The project neighbors a Walmart Supercenter, which generates more than $110 million in annual sales.

“There is rarely a vacancy in Terrell Corners,” Richter says. “When there is an opening, there is always a retailer waiting to fill it.”

NORTH TEXAS LEASES 

FYI Television Inc. has renewed 11,775 sf of office space in Tower 360, 1901 N. Hwy. 360, Grand Prairie. Jared Laake, first vice president of Bradford Commercial Real Estate Services; Richmond Collinsworth, executive vice president and managing partner; and Erik Blais, senior vice president, represented the landlord, CC1-North Highway 360 LP. Mary King, Dylan Smith and Billy Vahrenkampof Colliers International represented the tenant.

Jasper Weller LLC has renewed 11,425 sf of industrial flex space in Skyway Corporate Center, 3113 Skyway Circle N., Irving. Brian Pafford, executive vice president and managing partner of Bradford Commercial Real Estate Services, represented the landlord, Kennington Skyway Circle LLC. Barry Young of Colliers International represented the tenant.

Dollar Tree Stores Inc. has renewed 8,000 sf of retail space in Terrell Corners Shopping Center, 101 Sam Walton Way, Terrell. Paul Richter, vice president of Bradford Commercial Real Estate Services, represented the landlord, Welsh Irrevocable Trust, in the direct deal.

Jerry’s Artarama NC Inc. has leased 6,956 sf of retail space in Lincoln Court Shopping Center, 4650-4914 Little Rd., Arlington, from CX Lincoln Court LLC. Leig Richter, executive vice president of Bradford Commercial Real Estate Services, represented the tenant. Jane Tapper of Colonial Commercial Real Estate represented the landlord.

Shaid Wali has leased 3,277 sf of flex space in Northway Plaza, 3218 Belt Line Rd., Farmers Branch, from 3210 BP Beltline LLC. Jason Finch, senior vice president of Bradford Commercial Real Estate Services, represented the landlord in the direct deal.

Joesta Construction LLC has renewed 3,145 sf of office space in Tower 360, 1901 N. Hwy. 360, Grand Prairie. Jared Laake, first vice president of Bradford Commercial Real Estate Services; Richmond Collinsworth, executive vice president and managing partner; and Erik Blais, senior vice president, represented the landlord, CC1-North Highway 360 LP, in the direct deal.

Data Ductus Inc. has renewed 3,061 sf of office space in the Office Campus at Allen, 1301 Central Expressway, Allen. Jared Laake, first vice president of Bradford Commercial Real Estate Services, represented the landlord, 1301 SCE LLC, in the direct deal.

Bradford Commercial Real Estate Services/CORFAC International is a full-service real estate company based in Dallas with an annual transactions volume exceeding five million square feet. The company manages and leases more than 20 million square feet, valued at $300 million, in North Texas for its strategic partners.