REAL ESTATE

  • Five Below to Wards Crossing West in Lynchburg, Va.

    Lynchburg, Va. — Five Below has signed a 7,732-sq.-ft. lease at Wards Crossing West shopping center in Lynchburg, Va. It will be Five Below’s first store in the Lynchburg trade area.

    Divaris Real Estate’s Richmond office represented Five Below in the transaction. DRE is the exclusive representative for Five Below in southwest Virginia.

  • SRS names first VP in Austin, Texas

    Dallas - SRS Real Estate Partners welcomes T.J. Powell as first VP in the Austin office. He will focus on tenant and landlord representation.

    Powell has four years of commercial real estate experience and joins SRS from Retail Solutions, where he focused on third-party project leasing and tenant representation.

  • Buy Rite Liquor to Capitol Plaza in Ewing, N.J.

    Ewing, N.J. — Giant Wine & Liquor, doing business as Buy Rite Liquor, has leased 6,000 sq. ft. at the 360,000-sq.-ft. Capitol Plaza in Ewing, N.J. Levin Management, the exclusive leasing and managing agent for the center negotiated the long-term lease.

  • Nordstrom to relocate San Diego store as part of mall redevelopment

    Seattle -- Nordstrom announced plans to relocate its full-line Westfield University Towne Center (UTC) department store in San Diego to a new space within the evolving mall.

    The new two-level, 145,000-sq.-ft. Nordstrom store will open in 2017 as part of Westfield UTC’s resort-inspired redevelopment, which is adding specialty shops, restaurants, entertainment, sustainable design features and family-friendly amenities, as well as structured parking.

  • Express debuts outlet store format; will open 30 by year-end

    New York -- Specialty fashion retailer Express has entered the booming outlet mall sector, opening its first-ever outlet store, at Tanger Outlets National Harbor center in Washington, D.C. The retailer plans to open approximately 30 additional factory outlet locations throughout the United States in 2014, targeting such top markets as Chicago, Dallas, Detroit, Las Vegas, New York and other top markets.

  • Retail grocery real estate: Optimizing returns in the new world order

    By Andy Couch, DJM Real Estate

  • Bank & Olufsen unveils new store design

    New York -- Bang & Olufsen unveiled its first newly redesigned store concept in North America, at the new Madison Avenue location in New York City. The 1,400-sq.-ft. store is designed to evoke a true sensory experience and demonstrate Bang & Olufsen's commitment to providing extraordinary consumer experiences.  

    Other locations in New York City will adopt the new design, as well as a handful of additional locations across the United States next fiscal year.

  • ‘The King Kong of Jewelry’: Signet-Zales deal creates a conundrum for retailers and malls

    By Michael Lebowitz

  • Englewood Construction completes Harry Carray complex in Chicago

    Chicago - Englewood Construction ‘s food service and restaurant group has completed Harry Caray’s 7th Inning Stretch and the Chicago Sports Museum in Chicago’s Water Tower Place. The national general contractor has also completed a Native Foods Café in Chicago’s Hyde Park and is working with Native Foods Café to roll out its concept nationally.

  • Natural Grocers opens Utah store

    Lakewood, Colo. – Natural Grocers by Vitamin Cottage Inc. has opened a store in Logan, Utah. The Logan store is its second Utah location.

    "We are thrilled to expand our nutrition expertise and delicious food options to Logan," said Kemper Isely, co-president of Natural Grocers. "We look forward to engaging with the local community about healthy living."

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