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Home Depot pulls out as Newport Pavilion anchor
Home Depot has canceled plans to become the third anchor at the developing Newport Pavilion shopping center, and its developer is seeking several junior tenants to fill the space. The home improvement chain said it had backed out of a deal to build the 130,000-square-foot store at the center, on Grand Avenue and Interstate 471, but did not provide specifics. Other committed tenants are Target and Kroger, which plans to construct a large-format Marketplace store at the site. "As they went further along and tried to develop the deal, it just didn't make sense for our business," Home Depot spokeswoman Jennifer King said. The center is being developed by Blue Ash-based Bear Creek Capital. Bear Creek Principal Matt Daniels said his http://www.bizjournals.com/cincinnati/stories/2008/02/18/ |
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