REAL ESTATE

  • DSW to open new store in Ponce, Puerto Rico

    Columbus, Ohio — DSW Inc., Designer Shoe Warehouse has announced the opening of a new store in Ponce, Puerto Rico, on April 10. As of April 10, DSW will operate 407 stores in 43 states, the District of Columbia and Puerto Rico.

    DSW also operates an e-commerce site at DSW.com. In addition, the company supplies footwear to 357 leased locations in the United States under the Affiliated Business Group.

     

  • Johnny Rockets expands in Mexico

    Aliso Viejo, Calif. – Johnny Rockets has opened its second restaurant in Galerias Merida, Mexico. The 1,798-sq.-ft. location is situated in an upscale two-story shopping mall.

    Galerias Merida is the fourth Johnny Rockets location for Johnny Rockets Guadalajara Group, who also operate three franchises in the Mexican state of Jalisco. Two additional Johnny Rockets locations are scheduled to open in Mexico later this year, one in Chihuahua and another in Mexico City.  

  • dd’s Discounts to Sherman Plaza in Winnetka, Calif.

    Winnetka, Calif. — dd’s Discounts, a subsidiary of Ross Dress For Less, has opened a 25,600-sq.-ft. store at Sherman Plaza in Winnetka, Calif. Kennedy Wilson represented the landlord, Sherman Plaza, in the transaction.

    Epsteen and Associates represented the tenant.

     

  • Cypress Equities buys Alabama mixed-use center

    Dallas — Cypress Equities has acquired Brookwood Village, a mixed-use development in the affluent Mountain Brook area of Birmingham, Ala.  A fund managed by Cypress’s real estate investment management group carried out the transaction.

    The 816,000-sq.-ft. center consists of a 604,000-sq.-ft., two-level enclosed mall, a 41,900-sq.-ft. grocery-anchored retail component and a nine-story 170,000-sq.-ft. Class A office building.  

  • Herberger’s Clearance Center to open in Maplewood, Minn.

    York, Pa. -- The Bon-Ton Stores plans to open a 27,000-sq.-ft. Herberger’s Clearance Center in Maplewood, Minn. The store is scheduled to open May 2014.

    “We are pleased to announce the opening of our fourth free-standing clearance center,” said Brendan Hoffman, president and CEO.

    Bon-Ton Stores operates 270 department stores in 25 states in the Northeast, Midwest and upper Great Plains under the Bon-Ton, Bergner’s, Boston Store, Carson’s, Elder-Beerman, Herberger’s and Younkers nameplates.

  • Modell’s to open 156th store

    New York -- Modell’s Sporting Goods will open a store in midtown Manhattan, near Madison Square Garden, on April 4.

    The store is the retailer’s 156th location.

  • DSW opens three new stores April 10

    Columbus, Ohio – DSW Inc. is opening three new stores on April 10. The stores will be located in Tempe, Ariz., DeKalb, Ill., and Washington, D.C.

    DSW Rewards is a free loyalty program in which customers earn certificates toward future DSW purchases and receive special member-only offers. Customers can also participate in a Shoe Lover community on Facebook to receive exclusive offers and giveaways.

  • Urban Outfitters set to unveil new concept, Space Ninety 8

    New York -- Urban Outfitters will unveil a new concept, Space Ninety 8, on April 4, in the hip Willliamsburg section of Brooklyn, N.Y.

    The five-level space is located in a renovated warehouse and has an industrial look, complete with exposed ceilings and brick walls. The basement will house a rotating series of pop-ups, while the first floor will showcase independent designers and vendors, according to the Village Voice. The first floor will also be home to a vintage shop, called Urban Renewal.

  • Target to open store in Westwood, Mass.

    Minneapolis -- Target announced plans to open a store in Westwood, Mass., opening in March 2015.

    The 135,000-sq.-ft. store will be part of the new University Station development. It will be the 26th Target store in the Boston area.

  • Inland acquires Mokena Marketplace in Mokena, Ill.

    Oak Brook, Ill. — Inland Real Estate Corporation has announced the acquisition of Mokena Marketplace in Mokena, Ill., an affluent suburb located within the Chicago metropolitan area for $13.7 million in cash.

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