Casa Grande, AZ
CBRE Arranges Lease for Hobby Lobby in Casa Grande
This will be the first story for the Oklahoma-based Hobby Lobby in Casa Grande
April 22, 2025
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CBRE’s Nancy McClure and Dave Leathers, D.E. Johnson & Associates, Inc., represented Hobby Lobby in negotiating a 54,027 sq. ft. lease at 1214 East Florence Blvd., in Casa Grande, Ariz.
Hobby Lobby is taking a portion of a former K-Mart store in the Casa Grande Mall, at the northwest corner of Florence Blvd. & Colorado Street. This will be Hobby Lobby’s first store in Casa Grande and is expected to open on Friday, April 25.
“The Casa Grande area has seen explosive industry and job growth, leading to a significant increase in population,” said McClure, first vice president at CBRE. “Hobby Lobby had been searching in the Casa Grande market for the right location, and this center’s redevelopment plan and the quality of the developer gave the tenant confidence to sign the lease and await its space for a 2025 store opening.”
The landlord, HH Laveen LLC, was self-represented in the transaction. HH Laveen LLC bought the former Casa Grande Mall in 2024, which was completely vacant and is in complete redevelopment. EOS Fitness will be taking the other portion of the former K-Mart vacant space.
Casa Grande’s strategic location between Phoenix and Tucson, within the Arizona Innovation and Technology Corridor, has fostered business attraction and expansion. The area offers an affordable lifestyle, with living costs averaging 35% to 50% lower than those of metropolitan regions.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves clients through four business segments: Advisory (leasing, sales, debt origination, mortgage servicing, valuations); Building Operations & Experience (facilities management, property management, flex space & experience, digital infrastructure services); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development). Please visit our website at www.cbre.com.