TNP Strategic Retail Trust, a publicly registered non-traded Reit that invests in grocery and drug-store anchored retail properties in the western US, has signed lease agreements with two retailers at Northgate Plaza Shopping Center in Tucson, Arizona.

Northgate Plaza is an approximately 103,500 square foot Wal-Mart Neighborhood Market anchored centre located on a major retail corridor at the northeast corner of Grant Road and Alvernon Way in Tucson.

These two new leases increase the occupancy from 79 per cent to 93 per cent.

Twice As Nice, a multi-unit retail outlet specialising in buying, selling and trading clothing, accessories, jewellery, furniture and baby equipment, signed a ten-year lease for 9,000 square feet.

Pet Club, a supplier of pet products, signed a seven-year lease for 5,500 square feet.

Pet Club and Twice As Nice will be joining a roster of marquee tenants at Northgate, including Wal-Mart Neighborhood Market, Dollar Tree, Rent-A-Center, Burger King, Subway and RadioShack.

The broker representing TNP Strategic Retail Trust in both transactions was Debbie Heslop at Volk Company.

"It's been less than 45 days since TNP Strategic Retail Trust acquired this asset so we are especially pleased by Debbie's efforts and the excellent leasing velocity at Northgate which has exceeded our lease-up projections. We anticipate Pet Club and Twice As Nice will materially increase foot traffic at an already vibrant retail centre and add to the overall retail synergies at Northgate Plaza," says Steve Winger, Thompson National Properties' senior vice president and national leasing director.