Japanese discount retailer Daiso to open at Chandler Ranch – The Business Journals

As it fills up final job openings, Daiso is getting ready to show off its first Arizona store in Chandler.
The Japanese discount retailer will open on March 4 in an 8,236-square-foot space in Chandler Ranch — a revamped shopping center at the northeast corner of Chandler Boulevard and Dobson Road.
Daiso’s inventory will include low-cost holiday gifts, decor and entertaining, school supplies, kitchenware, beauty supplies, stationery, Asian snacks and more. Prices for items in the store range from less than a dollar to over $12, according to Daiso’s website.
While the total employee count for the Chandler Ranch location is unknown as of Wednesday afternoon, Daiso has listed job postings for a sales associate, assistant manager and store manager on Indeed.com.
This will be Daiso’s 90th U.S. store. Across the globe, the retailer has more than 5,500 stores and 3,300 stores in Japan alone. 
As Daiso signed a lease to join the shopping center, it was joined by Gen Korean BBQ House, The Kickin’ Crab, 85° C Bakery Café and Somisomi Soft Serve at Chandler Ranch. Asian grocery store 99 Ranch Market, which took over a 44,442-square-foot former Basha’s store, anchors the center.
Shopping center owner Houston-based NewQuest Properties completed a $10 million makeover of the retail center in 2021. The real estate firm acquired the center, previously known as Andersen Fiesta Shopping Center, in 2019 for $11.5 million.
NewQuest used its Asia-Pacific Retail Group to lease out the property, focusing on West Coast-based Asian restaurants and retailers. The firm previously said it chose Chandler to acquire a shopping center because it is the area in Arizona with the highest Asian population growth.
“It is wonderful to see so many Asian shops and restaurants select the revitalized Chandler Ranch for their first location in our region,” Chandler Mayor Kevin Hartke said at the time Daiso signed its lease. “I think it is a testament to Chandler’s diversity and appreciation for global cultures. These new offerings will provide a welcome taste of home for some of our residents and exciting experiences for many others.”
During Q4 2022, real estate firm Avison Young reported rental rates for retail properties are up 8.1% year-over-year, accounting for $21.95 per square foot. At a 5.7% vacancy rate, Dave Cheatham, president of Phoenix-based Velocity Retail Group LLC,.said the latest retail performance metrics are ones he hasn’t seen throughout his 40-year career.
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