REAL ESTATE

  • Golfsmith to make international debut in South Korea

    Austin, Texas -- Golfsmith International announced it will open its first retail stores outside the United States, in South Korea, which it called the fastest growing golf market in the world.

    Golfsmith is opening the store in partnership with Golfzon Co., one of the world-largest sellers of virtual golf simulation systems. Under the terms of the agreement, the new stores will be branded Golfsmith and operated by Golfzon.

  • Regency Centers acquires center in Davis, Calif.

    Davis, Calif. -- Regency Centers, a national owner, operator and developer of grocery-anchored and community shopping centers, closed on the acquisition of Oak Shade Town Center, a 103,762-sq.-ft. neighborhood shopping center anchored by Safeway, Rite Aid and OfficeMax in Davis, Calif. The center is located within a mile of the University of California, Davis.

    The property was purchased on August 18 for $35 million from the center’s original owner. 

     

  • Walgreens re-opens two stores in Joplin, Mo., construction and repairs done in record time

    Deerfield, Ill. -- Walgreens on Monday celebrates the re-opening of two Joplin, Mo., stores just 90 days after one was severely damaged and the other demolished by a tornado that swept through the city on May 22. The drug stores are the first major retailers in the area to re-open since the storm.

    The store at Range Line Road and 20th Street was completely rebuilt from the foundation up at a pace faster than any other store in the company’s 110-year history.

  • Spencer Gifts to make Manhattan debut

    New York City -- Spencer Gifts, a mainstay of malls across North America, has leased its first-ever location in Manhattan. The 60-year-old chain operates more than 600 stores in the United States, Canada and Puerto Rico.

    As one of Spencer’s few free-standing locations, the store, located downtown near New York University, encompasses over 1,840 sq. ft. on the ground floor. It is due  to open in advance of the holiday season.

  • Hhgregg to open 14 Chicagoland stores on Sept. 15

    Indianapolis -- Electronics and appliances retailer Hhgregg said Friday it will open 14 new stores in the Chicago area on Sept. 15.

    Chicago is a new market for Hhgregg, and with the opening of 14 new stores, it will become the company’s largest market.
     

  • Millcreek Mall adds Jos. A. Bank and Fox Head

    Erie, Pa. -- Youngstown, Ohio-based Cafaro Co. said that Jos. A. Bank Clothiers and Fox Head will be opening at the company’s Millcreek Mall, near Erie, Pa., in early November.

    Jos. A. Bank will be located in the Promenade section of the mall. Motocross apparel retailer Fox Head will set up shop on the Macy’s Court.

    Millcreek Mall Complex, in Millcreek Township, Pa., comprises more than 2 million sq. ft. of shopping, lodging, dining and entertainment. 
     

  • Colliers International names senior property manager

    Cincinnati -- Colliers International Greater Cincinnati said it has hired John Stegemoller, RPA as senior property manager.

    Most recently, Stegemoller was the senior real estate manager at CB Richard Ellis.
     

  • Charming Charlie opens at Trinity Commons

    Fort Worth, Texas -- Centro Properties Group US announced that Charming Charlie has opened a new store in Fort Worth, Texas.

    The new 8,878-sq.-ft. store recently opened at Trinity Commons, which is owned by Centro Properties, based in New York City.

     

  • Marcus & Millichap announces promotion

    Oakbrook Terrace, Ill. -- Marcus & Millichap Real Estate Investment Services said it has promoted Tammy A. Saia to VP investments.

    Saia began her career with Marcus & Millichap in September 2003, specializing in the sale of retail properties. Most recently, she held the position of associate VP investments.

     

  • Five Guys Burgers & Fries opens at Nesconset Shopping Center

    Port Jefferson Station, N.Y.  -- Centro Properties Group US said that Five Guys Burgers & Fries has opened in Port Jefferson Station, N.Y.

    The new 2,400-sq.-ft. restaurant is located at Nesconset Shopping Center, which is owned Centro Properties Group, based in New York City.
     

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