ICSC Conference ends well for Tucson -Two Big Box Tenants Lease 99,000 SF

News reported to us on the final day of the International Council of Shopping Centers (ICSC) Western Division Conference in San Diego, is that two new Big Box retail stores are coming to Tucson.

Conn’s, Inc. (NASDAQ:CONN), a specialty retailer of home appliances, furniture, mattresses, consumer electronics and provider of consumer credit leased 40,000-square-feet at the Marana Marketplace, located at the southeast corner of Thornydale and River off I-10 in Marana. This will be its second location in Tucson, the first opened in December 2012 at 5530 E Broadway Blvd. in approximately 33,000-square-feet.

Conn’s is on a growing spurt this year, and announced plans last July to open 10-12 new locations this year. In Arizona, Conn’s already has stores in Mesa, Tempe, Phoenix and Tucson. An opening date for this store was undetermined.

Nancy McClure with CBRE of Tucson represented Conn’s in both Tucson leases. Andy Seleznov with Larsen Baker, the developer and landlord of Marana Marketplace, represented the landlord in this transaction.

Reliable sources tell us that Floor and Décor also leased 59,000-square-feet for their first Tucson location at 7125 E Broadway Blvd, at the northeast corner of Broadway and Kolb. Floor and Décor is an Atlanta-based company and a leading specialty retailer of hard surface flooring and accessories. Founded in 2000, Floor and Décor offers a broad selection of ceramic, stone, wood and laminate flooring to both individual consumers as well as contractors. Floor and Décor currently operates 25 stores in 15 U.S. markets as well as its online store at www.flooranddecor.com .

Public records indicate that Floor and Décor will handle the build out of converting the store façade from two entries into one and allow for better loading dock access in rear. Floor and Décor may be open as early as the end of this year.

Nancy McClure represented the tenant in this transaction while Bill Houghey, with ABC Broadway /Kolb Center, the landlord, handled the transaction for the landlord.

Check back for information as it becomes available.

Nancy McClure is a First Vice President at CBRE in Tucson, specializing in retail properties, with a business focus in representing shopping center owners and key retail businesses in Southern Arizona. She can be reached at (520) 323-5117. Andy Seleznov is Director of Leasing at Larsen Baker and should be reached at (520) 296-0200. Bill Houghey can be contacted at (520) 882-4200.

[mepr-show rules=”58038″] Landlord reported lease rate on Floor & Decor to be $10.50/SF/NNN[/mepr-show]