Sears Debuts New Format in Utah

Sears, Roebuck & Co. will debut a new format at Utah’s largest open-air retail development. The Jordan Landing Shopping Center will encompass more than 1.4 million sq. ft. when it is completed early next year.

Article Tools

Latest News

More Latest News

Sears will open its 200,000 sq. ft. Sears Plus prototype in the fall of 2003. Other tenants include Lowe’s, Wal-Mart, Sam’s Club, Barnes & Noble and TJ Maxx.

Sears will launch the new prototype in four locations nationwide. For Sears, the move is a marked change from its typical strategy of occupying enclosed malls. "Our leasing team came up with a leasing plan that combines value, convenience and leisure. Today’s sophisticated consumer demands more than just big box retailing," says Jeff Vitek, senior vice president of CB Richard Ellis’ retail services division, and the team leader for leasing at the center.

Back in 1999, Jordan Landing broke ground with a 24-screen, 5,600-seat Cinemark theater, which is one of the largest "mega-plex" theater complexes in the state.

The 1.4 million sq. ft. Jordan Landing Shopping Center is part of the master-planned community of Jordan Landing, which features 102 single-family homes and 1,200 multifamily units. The residential component has roughly 5,600 residents along with 106 acres reserved for a business research park and professional office space. There are also 95 acres zoned for light industrial manufacturing and a 3.5 acre hotel site.

"Jordan Landing Shopping Center is located in the middle of one of the fastest growing residential areas in Utah. The primary trade area has a population of over 280,000 residents, a 34% growth rate and an average household income in excess of $66,000," says Chris Gentzkow, an associate with CB Richard Ellis’ Retail Services.


Acceptable Use Policy
blog comments powered by Disqus

Photo Galleries

New York's Star Deals

http://nreionline.com/images/nyc_big_deals_homepage_thumb.jpgThe city that never sleeps is also the city that never stops growing, not even in the midst of recession. And deals, both bold and unprecedented, continue to be done. Check out image of New York's big deals.

Hudson Yards Development

http://nreionline.com/photo_gallery/hudson_yardsCheck out images for Coach's new global headquarters, which will anchor the initial tower of the Eastern Rail Yards site within the 26-acre mixed-

Videos

JLL at ICSC 2012

http://nreionline.com/video/bjorson_thumbnail.jpgCheck out these videos from JLL at ICSC 2012 in Las Vegas...

 

Click here to view more videos.


Blogs


http://nreionline.com/blog/schein_blog_headshot.jpg

Real Vox

Traffic Court

The Full Nelson

Events

Strategic Real Estate Investment Conference

Date: Thursday, June 7, 2012
Time: 7:45AM-6:00PM
Place: 1290 Avenue of the America, 5th Floor
What: A full-day event exploring portfolio diversification through opportunistic and alternative investments....

Click here to view more events...

http://nreionline.com/nrei-300x125-house-091211-resourcebook-jpg.jpg

This Week's Most Popular

Current Issue

http://nreionline.com/april2012_cover.jpg

NREI Newsletters



Retail Traffic Newsletters

View NREI Newsletters

NREI Newsline
NREI Seniors Housing Finance and Development
NREI The Green Sheet
NREI Institutional Outlook
NREI Distressed Real Estate Strategies
NREI Daily/Central
NREI Daily/New York
NREI Daily/New Jersey
NREI Weekender
NREI Global Real Estate Monitor
REIT Insider
Retail Traffic Online
The Site Optimizer

Join the Conversation