REAL ESTATE

  • Open-Air Centers: Project Profiles

    CROSSROADS

    Location: Irvine, Calif., at the intersection of Culver Drive and Barranca Parkway. Average daily traffic is 43,000 vehicles.

    Size: 334,000-sq.-ft. community center

    Developer: Irvine Co. Retail Properties

  • Dunkin’ Donuts seeks Alabama franchise growth

    Canton, Mass. – Dunkin’ Donuts is recruiting franchisees in Dothan, Ala. Currently, there are 18 Dunkin’ Donuts restaurants located throughout Alabama. To help fuel growth in Dothan, special development incentives are available, which include reduced royalty fees for three years and up to $10,000 in local store marketing.  

  • Inland REIT acquires Park Avenue Center in Little Rock, Ark.

    Oak Brook, Ill. Inland Real Estate Income Trust has acquired the 69,381-sq.-ft. Park Avenue Shopping Center in Lille Rock, Ark., for $28.12 million. IREIT Business Manager & Advisor assisted Inland Real Estate Acquisitions in the transaction.

  • Divaris finalizes four new retail leases in Richmond metro

    Virginia Beach, Va. — Divaris Real Estate has announced four new retail leases in the greater Richmond area.

    Friendly Motors has leased 5,000 sq. ft. in the Divaris-leased and –managed Belt Trade Center.

    Zoe’s Kitchen has taken 2,800 sq. ft. in The Corner at Short Pump. DRE’s Richmond office represented the tenant in the negotiations.

  • Report: Gap plans China expansion

    San Francisco – Gap Inc. reportedly plans a substantial increase in its Gap and Old Navy store count in China during the next several years. Reuters reports that Gap plans to add 30 stores to its existing 81 Chinese locations.

  • A bigger Belk

    Charlotte, N.C. — Belk has announced a $12.6 million expansion and renovation of its store in Cool Springs Galleria, a 1.1 million-sq.-ft. mall in Franklin, Tenn., a suburb of Nashville. CBL & Associates Properties and TIAA-CREF own the center jointly.

    Belk plans to create a new fashion flagship store for the greater Nashville region.

  • DSW opens new store in Connecticut

    Columbus, Ohio – DSW Shoe is opening a new store in West Hartford, Conn., on Thursday, Feb. 27. Customers will have access to the DSW Rewards loyalty program in which they can 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, including chances to win free shoes on Facebook each Tuesday.

  • Ross Stores expanding in Texas, Northern California

    Dublin, Calif. -- Ross Stores’ said its Ross Dress for Less  will open three new locations in Texas on March 8, for a total of over 160 stores in the chain’s second largest state. The new Texas stores will be located in the Katy Mills shopping center in Katy, Rayzor Ranch Marketplace in Denton, and The Pavillions in El Paso.  

    Ross is also expanding its dd’s Discounts brand, opening two new locations in Northern California on March 1. The new stores are in White Road Plaza in San Jose and Hatch Road Center in Ceres.

  • Gap to make Mainland China debut

    San Francisco -- Gap Inc. is bringing its Old Navy brand to China, with the opening of a store on March 1 on Shanghai’s famous Nanjing West Road.

    The 22,000 –sq.-ft., three-level Shanghai Old Navy store is located in the Jing’an District, a major commercial area known for shopping, sightseeing, hotels and office buildings that draws thousands of locals and overseas visitors. The store features iconic elements from Old Navy’s U.S. flagship and such interactive features as touch-screen video games and game tables.

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