99 Ranch Market anchors redevelopment of former Sears building in West Valley

Article originally posted on Phoenix Business Journal on March 24, 2026

99 Ranch Market, an Asian grocery store chain, is preparing to open a new location in the Valley.

Later this year, the company plans on opening a store in the former Sears building at Arrowhead Towne Center in Glendale. 99 Ranch will be just one of several Asian focused retailers and restaurants going into the former Sears and Sears Auto Center.

Houston-based commercial real estate firm NewQuest Properties acquired the shuttered Sears building in 2023 for nearly $8.9 million, according to Maricopa County records. One of NewQuest’s major initiatives is opening Asian retail and restaurants around the country. NewQuest was the firm that brought 99 Ranch to Chandler in 2021.

Arrowhead Towne Center, which is owned and operated by Macerich Co. (NYSE: MAC), is one of the best-performing malls in the Valley.

99 Ranch will be the largest tenant in the 110,200-square-foot, two-story former Sears space on the north side of the shopping mall, but NewQuest has a whole Asian-focused retail experience planned for the site.

99 Ranch’s Glendale store will be just over 40,000 square feet on the ground floor of the former Sears. Inside the 99 Ranch store, there will be grocery items, a bakery, a seafood market, a fresh meat section and two restaurants, according to health permit requests filed in late 2025 by the retailer with Maricopa County.

TESO Life, a Japanese retailer, will have more than 13,000 square feet on the ground floor as well, according to NewQuest’s website.

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