From the Dallas Business Journal by Candace Carlisle
One of the largest tenants at Golden Triangle Mall has solidified its relationship with the longtime Denton regional mall, signing a long-term lease to expand and renovate the anchor store. Dillard’s renovations are part of a larger renovation plan for Golden Triangle Mall, which has been an ongoing project for The MGHerring Group and Cencor Realty Services since it acquired the mall through a joint venture in 2011.
The mall redevelopment has helped Golden Triangle Mall, at Interstate 35E and Loop 288 in Denton, win and retain retail tenants.The renovation of Golden Triangle has created a fresh retail environment with new retailers and restaurants that attract Dillard’s shoppers, said Chris Johnson, the real estate vice president for Dillard’s. Dillard’s re-commitment to Golden Triangle validates it as the dominant retail location in Denton, said MGHerring President and CEO Gar Herring. Golden Triangle Mall and the newly developed Rayzor Ranch Town Centerhave hit heads for years over the crowned regional shopping destination in Denton, fighting for retail tenants. Last month, Rayzor Ranch Town Center developers announced the project would get a Cinemark theater and bistro.
The Weitzman Group, an affiliated company of Dallas-based Cencor Realty Services, is leasing Golden Triangle Mall. Cencor is managing the property. Other mall tenants include Macy’s (NYSE: M), J.C. Penney (NYSE: JCP), Sears,Barnes & Noble, DSW Shoe Warehouse and Ross Stores. The 765,000-square-foot property has a new food court, which features Smoothies Paradies, Italia Express and Tobu Teriyaki Grill. Soon, Corner Bakery and Pollo Tropical also will set up shop.