Sitings is pleased to announce Canada’s discount fashion retailer, Winners, has leased 20,000sf at Tri-City Mall in Cold Lake, Alberta and will be opening February, 2015. Get ready to find items like designer clothing, footwear, furniture, bedding, toys, beauty products and more.
Strategically placed, Tri-City Mall is located along Highway #28, between North and South Cold Lake to service the entire residential populace as well as the many tourists that visit. Moreover, it’s no secret that the oil and gas industry is booming in Northern Alberta. Cold Lake is Alberta’s second largest oil sands deposit next to Fort McMurray, with nearly $3 billion of oil expansion projects currently underway. Recent economic growth in the region surrounding the Cold Lake oil sands has had national retailers rushing to secure their footholds in this strong economic region.
As a result, many strong national retailers have been moving into these markets to take advantage of strong retail demand and spending power. In the last 12 months alone, Dan Clark has leased over 100,000 square feet of retail space (including the Winners’ deal) in two shopping centres: Tri-City Mall in Cold Lake, and St. Paul Shopping Centre in St. Paul. Vacancies have plummeted as tenants like SportChek (12,000sf ), Dollar Tree (10,000sf), Peavey Mart (25,000sf), PetValu (3,500sf), Warehouse One (4,000sf), and Ardene (5,000sf) have snapped up retail space.
Tri-City Mall has 450-8,500sf of restaurant and retail space available – don’t miss this opportunity to secure retail space in these thriving communities as vacant retail space is running out.