WEITZMAN, CENCOR TO LEASE, MANAGE SOUTHWEST PLAZA

ARLINGTON—The Commercial Retail Division of The Weitzman Group has been named exclusive leasing agent for Southwest Plaza, a 142,000-square-foot community retail center located at Little Road and I-20 in the strong South Arlington retail corridor. Weitzman’s sister company, property management firm Cencor Realty Services, has been selected to manage the center.

Weitzman’s Christopher Walker and Trey Kostohryz are responsible for leasing. Cencor’s Beth Connett will manage the center.

Southwest Plaza is shadow-anchored by Albertsons and includes Office Depot, Foster’s ACE Hardware and Gold’s Gym as secondary anchors. The center offers a strong line-up of neighborhood- oriented and health-and-fitness-oriented retailers and services including Apple Orthodontix, Sally Beauty Supply, Tiger Shark Scuba, Pearle Vision, Gene Allen’s Hallmark, Radio Shack and Cato Fashion. The center also features a good selection of restaurants, which drive traffic several times a day. Restaurants include Chapp’s Hamburgers and CiCi’s Pizza.

Southwest Plaza was built in 1984 and retains its position as one of the strongest community centers in the trade area, due in part to its high-visibility location.

The trade area for Southwest Plaza reports density, good incomes and a high level of daytime population activity.

Within a three-mile radius of the center, the population totals 78,569 in 28,259 households. Within four years, those totals are expected to increase to 84,189 and 30,521, respectively. Between 1990 and 2000, the population within the radius grew more than 18.5 percent.

Within a five-mile radius of the center, the population totals 200,295 in 71,582 households. Within four years, those totals are expected to increase to 214,592 and 76,919, respectively. Between 1990 and 2000, the population within the radius grew more than 16.1 percent.

The trade area reports strong incomes. Within a one-mile radius, the average household income is $85,235. Within a three-mile radius, the average household income is $88,103, and within a five-mile radius, the average household income is $71,446.

Southwest Plaza further benefits from its location in the heart of an active business and commercial district that features strong daytime populations. This translates into daytime traffic for restaurants and retailers. Whin a three-mile radius, there are 2,266 businesses with 25,591 employees. And within a five-mile radius, there are 7,786 businesses with 82,932 employees.

Southwest Plaza is a property of CUNA Mutual Life Insurance Company.

Southwest Plaza is one of several recent major leasing and management assignments for The Weitzman Group and Cencor Realty Services.  As a result, Weitzman now leases more than 20.2 million square feet of retail space in Dallas/Fort Worth and more than 40.0 million square feet statewide. Weitzman now leases one of the largest non-mall portfolios in the United States. 

.

.