Shoe Carnival Builds New Facilities; Mercantile to Develop Warehouse Project

By Camelia Bulea, Associate Editor Indiana-based Shoe Carnival Inc. is expanding in the Dallas-Fort Worth market with groundbreaking on eight retail properties. Six of the stores are planned to open in the first quarter of 2012, with the other two opening [...]

Indiana-based Shoe Carnival Inc. is expanding in the Dallas-Fort Worth market with groundbreaking on eight retail properties. Six of the stores are planned to open in the first quarter of 2012, with the other two opening in the summer and fall of next year.

Each of the stores will measure 11,000 square feet, according to the Dallas Business Journal. Depending on the growth recorded by the first stores, Shoe Carnival could add 15 to 20 stores in North Texas, asserted Geoff Henrion, president of Dallas-based Ranger Retail Partners.

Shoe Carnival has 327 stores in the Midwest, South and Southeast. The retailer plans to open about twice as many new stores next year as it has this year, according to Courierpress.com. Among them will be four in Puerto Rico.

In other real estate news, Mercantile Partners L.P. plans to break ground on an 188,000-square-foot office-and-warehouse project in north Fort Worth. Each building will be 94,000 square feet and will include 28 dock doors, according to the Dallas Business Journal.

The two-building project is located at Mercantile Center, a 1,300-acre park where the occupancy rate is 95 percent. Among its biggest tenants are the likes of Apex Systems, The Bombay Co., CitiGroup and the American Paint Horse Association. Mercantile Partners is currently seeking additional tenants for the warehouse project.

Photo credits: mercantilecenter.com