Robust retail area in Killeen running out of roomRobust retail area in Killeen running out of roomhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=70422013-06-18T08:13:00Z2013-06-18T00:00:00Z

KILLEEN - One of Killeen’s busiest retail corridors — between Trimmier Rd. and W.S. Young Dr. on Lowes Blvd. — is running out of space, which may drive corporate retailers to new parts of the city to open up shop.

The busy corner of Trimmier Rd. and US Highway 190 — across the street from Walgreens — will soon see a CVS pharmacy, now under construction. The 13,000-sf retail pharmacy plans to open in September.

John Crutchfield, president of the Greater Killeen Chamber of Commerce, said CVS spent around $4 million for its new store and knocked down other businesses, including a Midas and a Baymont Inn and Suites hotel.

Mike DeAngelias, spokesman for CVS, said the high visibility and traffic at the location will make the CVS profitable in spite of the proximity to competitors.

“It’s not uncommon for the competing stores to open up on opposite corners of an intersection,” DeAngelias said. “The fact that we’re interested in similar attributes — easy access, high visibility — makes that a common occurrence.”

After years of maximizing occupancy of the limited US Hwy. 190 real estate, prices for lots on the major highway into Fort Hood have increased. “We’re starting to see development along SH 195, because of the traffic and the density along Lowes Blvd.,” Crutchfield said.

“Sooner or later somebody is going to do a development on SH 195, and when that happens, you’re going to see the floodgates open up down there,” Crutchfield said.

Killeen Daily Herald
http://kdhnews.com/business/local/robust-retail-area-on-lowes-boulevard-running-out-of-room/article_32972302-cfdf-11e2-aa6a-001a4bcf6878.htmlRead more at {Source}

 Search NewsTalk Texas