Case Study #4
Denton Square Shopping Center, Denton, TX
Summary:
Denton Square Shopping Center is a supermarket anchored
center located on Teasley Lane at the I-35 off-ramp.
It has excellent visibility form the freeway and is
on a dominant corner.
Challenge:
The shopping center had a vacant anchor position and
was in poor physical condition. The façade was
damaged and the parking lot was in disrepair. Quality
new tenants were not interested in coming into the center.
Solution:
The property underwent a complete renovation and a
new sign program was implemented. Gold's Gym was then
secured as a second anchor to the supermarket.
Results:
Traffic to the center increased significantly. Occupancy
increased to almost 100% and the property stabilized.
Rents increased steadily over time.