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| Kim Dart |
TLANTA, GA – Lincoln Property Company Southeast (Lincoln)
has brokered lease renewals by Dollar Tree and Hibbett Sports at the City
Crossing shopping center in Warner Robins, Georgia.
Kirk Williams, vice president of retail leasing in Lincoln’s
Atlanta office, represented the landlord in the transactions and was assisted
by Kim Dart and Morris Srochi of Dart Retail Advisors in the Hibbett Sports deal.
The details of the City Crossing transactions are as
follows:
• Dollar Tree extended its lease of 15,600 square feet for
10 years, to 2025.
• Hibbett Sports renewed its lease of 6,000 square feet.
Through its leasing and management of City Crossing, Lincoln
has revitalized the center, which totals 190,433 square feet and was built in
2001. After taking over the property as a court-appointed receiver, Lincoln
worked on behalf of City Crossing’s ownership to negotiate and rebuild a faulty
retaining wall on the property, which removed an impediment to securing leases.
The repairs were fully completed in third-quarter 2014.
 |
| Kirk Williams |
The completion of the repairs resulted in an increase in
leasing activity, which has allowed Lincoln to renew and extend several credit
tenants such as Michaels, Shoe Carnival, Dollar Tree and Hibbett Sports.
A new
anchor tenant, HomeGoods, has been signed to occupy 22,873 square feet, and
this new retailer will open in the fall of 2015, bringing increased traffic to
the center. The center’s occupancy rate has improved to 86 percent.
“Like retail markets across the state, the retail sector in
Warner Robins continues to improve, and City Crossing offers a prime spot for
retailers in the market,” Williams said.
“Both Dollar Tree and Hibbett Sports
recognize the value of being in City Crossing and were eager to remain in this
improved, highly visible location.”
For a complete copy
of the company’s news release, please contact:
Stephen Ursery
Phone: +1 (404) 549-7150
Email: sursery@thewilbertgroup.com
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