Consumer electronics retailer Best Buy opened a new store at Tikahtnu Commons on June 13. The 30,000-square-foot store is adjacent to Target, on the south end of the retail center. Best Buy joins Tikahtnu Commons anchor stores Kohl’s, Lowe’s, Target and, most recently, the Sports Authority store that opened on May 9.
Best Buy at Tikahtnu Commons is one of 13 new U.S. Best Buy stores opening in the second fiscal quarter of 2009, and the company’s second store in Alaska.
Best Buy is a multinational technology and entertainment products and services retailer that operates more than 1000 U.S. stores. The Best Buy family of brands and partnerships generates more than $45 billion in annual revenue.
Tikahtnu Commons is a retail and entertainment center that CIRI and its partner, Browman Development Co., are developing on a 95-acre parcel of CIRI land in northeast Anchorage. The regional retail center could include 12 to 15 major stores, a Regal Cinemas theater with Alaska’s first IMAX screen, a hotel and numerous smaller stores, restaurants and other businesses. Construction of Tikahtnu Commons began in 2007 and could last five to seven years.