REAL ESTATE

  • American Girl to open in St. Louis area

    Middleton, Wis. -- American Girl, a division of Mattel, will open a store at Chesterfield Mall, in the St. Louis suburb of Chesterfield, Mo.

    The 10,850-sq-.ft. American Girl store is slated to open in spring 2012.

  • OfficeMax to relocate in College Station

    College Station, Texas -- Houston-based Baker Katz, an X Team International partner, said that it has completed a lease for the relocation of OfficeMax in College Station, Texas.

  • Multiple stores to open at Stirling Bossier

    Bossier City, La. -- Covington, La.-based Stirling Properties, developer and property manager of Stirling Bossier Shopping Center, in Bossier City, La., announced the addition of Old Navy, Ulta Beauty, Maurices, Mattress Firm, The Joint and GNC to the center’s tenant lineup.

  • Brixmor announces opening of 32 Halloween-themed stores

    New York City -- Brixmor Property Group US said Tuesday that 21 leases have been executed with Spirit Halloween and 11 leases with Halloween City across Brixmor’s property portfolio. 

    The seasonal stores are scheduled to be open through Halloween, and include shopping centers in 19 states.

  • Edens & Avant announces refinancing of unsecured revolving credit facilities

    Columbia, S.C. -- Edens & Avant announced Tuesday that it has closed on the refinancing of its $350 million unsecured revolving credit facility and $30 million unsecured working capital line.

    Both will mature in September 2014, but include two, one-year extensions that could extend both facilities through September 2016.

  • Gap details growth strategy; will test Piperlime store

    New York City -- Gap executives reaffirmed its commitment to reducing square footage at home, aggressive international expansion and online growth during a presentation at Gap Global Creative Center in New York City. Gap also revealed that its online-only Piperlime division will explore a store concept next year and is testing men’s apparel.

  • StreetMac acquires Texas and Oklahoma malls

    Northbrook, Ill. -- StreetMac Asset Managers announced that an affiliate has purchased the Brazos Mall in Lake Jackson, Texas, and the Shawnee Mall in Shawnee, Okla., through a joint venture with an affiliate of Stamford, Conn.-based Five Mile Capital Partners. The seller was Lightstone Properties.

    The two malls have a combined 1.14 million sq. ft. of leasable retail space. Terms were not disclosed. The acquisitions represent StreetMac’s inaugural purchases of retail malls in markets nationwide.

  • JLL to manage Heritage Mall

    Albany, Ore. -- Atlanta-based Jones Lang LaSalle said Tuesday it has been named as the property and leasing manager for Heritage Mall, a 407,354-sq.-ft. regional shopping center located in Albany, Ore.

  • Stage Stores to launch new off-price concept, open up to 35 stores in 2012

    Houston -- Stage Stores said Wednesday it will launch a new off-price concept, called Steele’s, to be rolled out in small-town America.

    The first three stores are slated to open on Nov. 1, in Beeville, Texas; Bastrop, La.; and Minden, La.; the company said it plans to open an additional 25 to 35 new Steele’s stores in 2012.

  • Gap to open first Chile stores

    San Francisco -- Gap said Wednesday it will advance its expansion in Latin America with new store openings in Chile in October, and will introduce Gap and Banana Republic stores to Panama and Colombia in 2012.

    “We believe substantial opportunity exists in Latin America and our first stores in Chile, Panama and Colombia will allow us to establish a foundation for further growth in this region,” said Stephen Sunnucks, president, International, Gap.

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