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Oct. 11, 2012

Dick’s Sporting Goods Opens 45,000-Sq.-Ft. Las Cruces Store

By Camelia Bulea, Associate Editor

Dick’s Sporting Goods has opened its first Las Cruces store. Located at 200 North Telshor Blvd., the 45,000-square-foot store is located in a remodeled former Sportsman’s Warehouse, reports the New Mexico Business Weekly.

This is the second store under Dick’s name in New Mexico. The company’s first store in the state was launched on Albuquerque’s Westside last year. The Pittsburgh-based retailer signed a 10-year deal for nearly 51,000 square feet in a former Walmart, adjacent to Cottonwood Commons, in the summer of 2011.

Two additional locations are possible in the state, but no other information has yet been disclosed, Bob Feinberg of Grubb & Ellis | New Mexico, which represents Dick’s in the state, told the New Mexico Business Weekly.

According to a company news release, the grand opening featured two great appearances: former Dallas Cowboy Everson Walls on Saturday and two-time NBA All-Star Reggie Theus on Sunday.

DICK’S Sporting Goods, Inc., an authentic full-line sporting goods retailer, operates 501 DICK’S Sporting Goods stores in 44 states and 81 Golf Galaxy stores in 30 states.

The Albuquerque retail market has been slowly showing signs of recovery in the first half of this year, compared to the same period over the last three years, according to a CBRE retail market report. As illustrated in the chart below, net absorption in the second quarter was 112,700 square feet, which is the highest quarterly absorption rate since the third quarter of 2010. Moreover, the vacancy rate continued to decline and was at 12.1 percent in the second quarter. CBRE reports that the largest activity this quarter was Savers relocating to a 45,000-square-foot space in the NE Heights submarket.

Photo courtesy of www.skyscrapercity.com

Chart courtesy of CBRE’s MarketView Retail Albuquerque

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