PHOENIX (May 5, 2014) – SRS Real Estate Partners is pleased to announce that ULTA Beauty has leased a 10,000-square-foot space in Prescott Valley Crossroads Shopping Center. ULTA Beauty is the largest beauty retailer that provides one-stop shopping for prestige, salon products, and salon services in the United States. As of February 1, 2014 the Company operates 675 retail stores across 46 states and also distributes its products through the Company’s website: www.ulta.com. The Prescott Valley location plans to open later this year and will be their 24th in Arizona.
Prescott Valley Crossroads is located along Highway 69 and Sundog Ranch Road in Prescott Valley, Ariz. Prescott Valley Crossroads is the Prescott Valley’s first power center. Crossroads, a 600,000 square-foot power center is home to a variety of large and small retailers and restaurants, including Dick’s Sporting Goods, Hobby Lobby, Home Depot, Sam's Club, and Sprouts Farmers Market.
Mike Polachek, executive vice president with SRS Real Estate Partners represented the tenant, ULTA Beauty, in the transaction. Greg Laing of Phoenix Commercial Advisors represented Kitchell Development on this transaction. Rob Schramm with Kitchell Development, negotiated on behalf of the Landlord.
About SRS Real Estate Partners
SRS Real Estate Partners is the largest real estate company in the U.S. exclusively dedicated to retail services. Headquartered in Dallas with more than 20 offices worldwide, SRS’ strong reach and international presence provide the company with unparalleled knowledge both globally and domestically. As a result, clients of SRS have a competitive edge through a full range of offerings including brokerage services, corporate services, development services, investment services and management services. Since its inception in 1986, SRS has built a strong foundation in the retail real estate world and grown into one of the industry’s most influential and respected leaders. Our success is measured in the achievement of our clients’ objectives, satisfaction and trust. For more information, please visit srsre.com.
About ULTA Beauty
ULTA Beauty is the largest beauty retailer that provides one-stop shopping for prestige, mass and salon products and salon services in the United States. ULTA Beauty provides affordable indulgence to its customers by combining unmatched product breadth, value and convenience with the distinctive environment and experience of a specialty retailer. ULTA Beauty offers a unique combination of over 20,000 prestige and mass beauty products across the categories of cosmetics, fragrance, haircare, skincare, bath and body products and salon styling tools, as well as salon haircare products. ULTA Beauty also offers a full-service salon in all of its stores. As of February 1, 2014, ULTA Beauty operates 675 retail stores across 46 states and also distributes its products through the Company’s website: www.ulta.com.
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