REAL ESTATE

  • Destin Commons adds two retailers

    Destin, Fla. — Charming Charlie and Icing by Claire’s will open at Destin Commons in Destin, Fla., next summer as part of the Northwest Florida center’s 100,000-sq.-ft. expansion.

    H&M and Uncle Buck’s Fish Bowl & Grill will anchor the expansion wing.

    Charming Charlie, a fashion accessories retailer, will occupy more than 6,000 sq. ft. next to Uncle Buck’s.

  • Retail Properties of America names VP

    Oak Brook, Ill. — Retail Properties of America has appointed Matthew Beverly VP, director of investments — east region. In his new post, Beverly will lead investment activity through the evaluation and execution of acquisition and dispositions for all markets east of the Mississippi River.

  • JLL adds executive VP and VP to Mobile, Ala., office

    Chicago — Jones Lang LaSalle has announced the appointment of Josh Burmeister as executive VP and Gulf Coast retail brokerage lead and Ms. Buff Teague as VP. They will cover Alabama, Mississippi, Louisiana and the Florida Panhandle, partnering with John Bemis, Southeast retail market lead and John Lambert, Fla., retail market lead.

    Burmeister and Teague join JLL from SRS Real Estate Partners.

    While at SRS, Burmeister served as market leader for operations in Mobile, Ala., and co-market leader for Birmingham Ala., operations.

  • Flip Flop Shops expands into Africa

    Atlanta — Flip Flop Shops has announced plans to develop 25 shops throughout South Africa, Zimbabwe and Mauritius. The new shops stem from a master franchise agreement with Barefoot, regional retail group. The first new shop is expected to open by mid-year, with additional shops following over the next 10 years.

    Flip Flop Shops has nearly 100 locations globally plus more than 150 shops in the development pipeline, not including those within this new franchise agreement.

     

     

  • CSA opens up nominations for '10 under 40' in retail real estate

    New York -- For the second consecutive year, Chain Store Age will select 10 individuals in retail real estate as “retail stars;” all will be featured in the April/May 2014 issue with bonus distribution to the International Council of Shopping Centers’ RECon show in Las Vegas in May.

    The award recognizes people under the age of 40 who are making an impact in retail real estate – whether from the tenant (retail) or the landlord (shopping center company) side.

  • Casey’s General Stores to acquire 24 Stop-n-Go locations

    Ankeny, Iowa -- Casey’s General Stores announced that it has signed an agreement to acquire 24 Stop-n-Go locations. Twenty of the stores are located in North Dakota and four are located in Minnesota.

  • Divaris names new managing broker in Richmond, Va.

    Virginia Beach, Va. — Divaris Real Estate has named Read F. Goode, Jr. to the post of managing broker of its Richmond, Va., office. Goode will focus on commercial sales and leasing services, land and shopping center acquisition and development.

    Goode has more than two decades of brokerage and commercial development experience throughout central Virginia. He joins Divaris from S.L. Nusbaum Realty Co. where he specialized in commercial land development and sales.

  • Lowe’s sells 13.5 acres in Virginia Beach

    Virginia Beach, Va. — Lowe’s Home Center has sold a 13.5-acre property to a private developer based in Virginia Beach for $9 million. Divaris Real Estate represented the seller, Lowe’s, in the transaction. Located one mile north of The Town Center of Virginia Beach, was once a neighborhood grocery-anchored shopping center. Lowe’s Home Center purchased the property in 2007, clearing and preparing it for future development. The new buyer plans to build another shopping center or mixed-use development on the site.

  • Battle of the distribution centers

    Toward the end of January, the Wall Street Journal reported that Wal-Mart has given itself two years to match the online service and delivery speed of Amazon.com.

    In an interview at the World Economic forum in Davos, Switzerland, Neil Ashe, Wal-Mart’s global e-commerce CEO told Journal reporter Dennis Berman was building new warehouses across the country dedicated to handling online orders.

  • Winick names senior director in Cranford, N.J., office

    New York — Industry veteran Thomas has Kornitzer officially joined Winick Realty Group N.J., where he will serve as senior director in the company’s Cranford, N.J., office. Kornitzer will direct both landlord and tenant accounts, specifically working with such exclusive clients as Safeguard Self Storage, Pep Boys and Wendy’s.

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