Major Retailers Announce Tenants for New Shopping Center in Altoona
What happened
Heart of America Group announced the first wave of tenants for "The Shoppes at Prairie Crossing," a new shopping center in Altoona. National retailers joining the retail district include PetSmart, Barnes & Noble, HomeGoods, Marshalls, Burlington, and Sierra. The center will be located next to the outlet mall at the intersection of Interstate 80 and Highway 65, though opening dates have not been provided.
From kcci.com
Why it matters
The addition of multiple national retailers to the new center is expected to increase local foot traffic and expand the commercial retail footprint in Altoona. The project is set to become a new retail destination near the existing outlet mall.
From kcci.com
Who's involved
- Barnes & NobleAmerican book retailer joining the new shopping center
- PetSmartAmerican pet supply store chain joining the new shopping center
- MarshallsRetailer joining the new shopping center, owned by TJX Companies
- HomeGoodsAmerican chain of home furnishing stores joining the new shopping center
- AltoonaCity in Pennsylvania where the new shopping center is located
- BurlingtonAmerican national off-price retailer joining the new shopping center
- SierraRetailer joining the new shopping center
- TJX CompaniesParent company of Marshalls and HomeGoods
- Sierra Trading PostSister brand to HomeGoods under the TJX corporate umbrella
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- MarshallsSpeculative
Marshalls might increase revenue potential by expanding its retail footprint.
- PetSmartSpeculative
PetSmart could increase revenue potential by expanding its retail footprint.
- BurlingtonSpeculative
Burlington could increase revenue potential by expanding its retail footprint.
- HomeGoodsSpeculative
HomeGoods could increase revenue potential by expanding its retail footprint.
- Barnes & NobleSpeculative
Barnes & Noble could increase revenue potential by expanding its retail footprint.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- TJX Companies' brands may expand retail presence in AltoonaTJX Companies may benefit from HomeGoods and Marshalls expanding into new Altoona centerLikely
- New shopping center development brings major retailers to AltoonaNew retail district may boost Altoona's commercial activity and foot trafficPossible
Keep exploring
The entities involved
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Barnes & Noble
American book retailer
Nothing else this week.
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PetSmart
American pet supply store chain
Nothing else this week.
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Marshalls
business
Nothing else this week.
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HomeGoods
American chain of home furnishing stores
Nothing else this week.