Retailer plans market entry with two stores in Ontario
VANCOUVER, B.C., July 26, 2010—X Team International, an international alliance of retail real estate advisors with expertise in more than 45 major markets throughout the U.S., Canada and Europe, announced today that Vancouver, B.C.-based partner Sitings Realty completed two leases for David’s Bridal in Scarborough and Mississauga, Ontario, as the retailer enters the market. X Team International President Nelson Wheeler made the announcement.
The first store is a planned 10,000-square-foot space located in the Eglington Avenue Shopping Centre at the corner of Warden and Eglington Avenues in Scarborough. The second store, located in the Meadowvale Shopping Centre at the corner of 401 and Winston Churchill Boulevard in Mississauga, will be 8,000 square feet. Both stores, currently under construction and scheduled to open this fall, are anchored by Wal Mart and TJX Companies’ Winners, an off-price retailer of home and apparel fashions. Dan Clark of Sitings Realty represented the tenant, while the landlord, Smart Centres, was self-represented.
“Since these are the first two Canadian locations for David’s Bridal, we assisted them with the overall strategy and issues associated with entering into this new market,” said Clark. “There are two additional locations currently under negotiation in Ontario and three in western Canada that we look forward to finalizing soon.”
With more than 50 years of bridal experience, David’s Bridal is headquartered in Conshohocken, Pennsylvania, and has more than 280 locations nationwide. It continues to expand its retail store locations, while maintaining its philosophy of superior quality, value and service.
About Sitings Realty
Sitings Realty specializes in project leasing, tenant representation and managing developments for retailers and outside developers in western Canada. Teamwork and long-term partnerships are the core of Sitings Realty’s business philosophy. For more information, please visit www.sitings.ca.
About X Team
X Team is an international alliance of retail real estate specialists with offices located in major cities throughout the U.S., Canada and Europe. X Team partners average more than 20 years of industry experience, with expertise in major markets worldwide, specializing in tenant, property and developer/landlord representation, workout services, property dispositions and retail investments. X Team services include transaction negotiation, portfolio analysis, lease valuations, acquisitions, and asset assessment and valuation. For more information, please visit www.xteam.net.