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Dollar Tree OK’d for Newhall retail center

Posted: June 20, 2012 2:00 a.m.
Updated: June 20, 2012 2:00 a.m.

A vacant storefront in a retail center at 23780 Newhall Ave. in Newhall. A new Dollar Tree retail store was recently permitted for this shopping center.

 

A permit was issued for a new Dollar Tree retail outlet in a building that has remained vacant since the Stagecoach Plaza was first built in 2006 on Newhall Avenue at Carl Court.

Businesses have been operating in the retail center for the past several years, but the building intended for an anchor tenant has remained vacant.

The building was completed in 2006, but there have been no interior improvements on the primary building.

The 28,900-square-foot building was originally constructed to house Tresierras Supermarket, according to the city’s Building and Safety Department.

The family-owned grocery retailer since 1944, with stores in four locations in Los Angeles and Ventura County, decided not to move into the new location due to the downturn in the economy, said Andree Walper, economic development associate for the city of Santa Clarita.

Tresierras remains listed on the retail center’s marquee but the supermarket plans to remain in its current location on Main Street in Old Town Newhall.

A permit for 11,000 square feet was issued to Dollar Tree, a Fortune 500 company, by building and safety. It will be the third outlet for the retailer in the Santa Clarita Valley.

“We are extremely excited to be coming to the community,” said Chelle Davis, spokesperson for Dollar Tree.

“If all goes according to plan, we’re looking at an Aug. 20 open date,” Davis said. “A store of this size will bring 15 new jobs to the area.”

While the positions are permanent, they are mostly part-time positions, she said.

Operating 4,451 stores in the lower 48 states, the retail chain also expanded into five Canadian provinces last year, Davis said.

A publically traded company, Dollar Tree reported $1.72 billion in net sales for the first quarter of 2012, an 11.5-percent increase compared to $1.55 billion reported for the quarter ended April 2011.

The chain, which sells everything for $1 or less, opened 110 stores, closed 10 stores and expanded or relocated another 44 stores during the first quarter. Retail selling square footage increased 7.1 percent compared to a year ago to 38.6 million square feet, according to the company’s first quarter report.

On May 29, the Board of Directors approved a two-for-one stock split with the shares to be distributed June 26. With the stock split, the shares of Dollar Tree’s common stock will double from 116 million to 232 million shares.

Shares sold at $113.35 at close of trading on Tuesday.

jadkins@the-signal.com

661-287-559

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