Oak Brook, Ill. — RPAI has signed three new leases with Ulta Beauty and will expand two shopping centers to accommodate the retailer.
The leases include a 10,400-square-foot lease at Montecito Crossing in Las Vegas, Nevada, a newly constructed 10,010-square-foot lease at Parkway Towne Crossing in Frisco, Texas, and a newly constructed 10,035-square-foot lease at Lake Worth Towne Crossing in Lake Worth, Texas. The leases bring RPAI’s store count to 14.
Major tenants at Montecito Crossing include HomeGoods, PetSmart and Pier 1 Imports. The center is shadow anchored by Kohl’s. Parkway Towne Crossing is located in Frisco, Texas, and is shadow-anchored by Super Target and national retailers including Best Buy and Michaels. RPAI is expanding the shopping center by an additional 21,000 square feet to accommodate demand. Lake Worth Towne Crossing is a power center shadow-anchored by Target, with major tenants that include PetSmart, Ross Dress for Less and Hobby Lobby. RPAI is expanding the center by 15,000 square feet to accommodate Ulta and Maurices. The Ulta Beauty at Montecito Crossing will open late summer 2015 while construction at Parkway Towne Crossing will be completed near the end of the year.