REAL ESTATE

  • WinCo Foods opens in Bellingham, Wash.

    Boise, Idaho — WinCo Foods will open a 90,000-sq.-ft. discount supermarket in Bellingham, Wash., on Thursday.

    The new store will initially employ 171. The employee-owned discount food chain operates 88 stores and typically ranks as the low priced leader in the markets where it operates.

     

  • New eateries sign into Village on Pooler Parkway

    Pooler, Ga. — The Olive Garden, Panera Bread, Moe’s Southwest Grill, Jersey Mikes Subs and Jalapenos Mexican Grill have all inked deals with GBT Realty Corporation for space in Village on Pooler Parkway, a 143,000-sq.-ft. shopping center now under development in Pooler, Ga.

    The Panera shop will occupy a freestanding building with a drive-through, making it one of the first locations in the market to feature Panera’s new prototype.

  • Hampton Roads gets two more Firehouse Subs

    Virginia Beach, Va. — Two Firehouse Subs shops opened Monday, an 1,800-sq.-ft. location in Virginia Beach’s Strawbridge area and a 2,400-sq.-ft. location in Hampton’s Coliseum Central.

    Divaris Real Estate represented the sub shop in negotiations for each location.

     

  • Burger 21 signs first franchisee in Arizona

    Tampa, Fla. — Burger 21 has signed its first franchise agreement in Arizona. The deal will bring the first Burger 21 restaurant in the western U.S. to Chandler, Ariz., expanding the brand’s footprint to nine states.

    The franchisee plans to open in Chandler next year and then to pursue a second unit in Phoenix. To date, Burger 21 has nine open locations and 17 franchised restaurants in development across the country.

     

  • Lakeforest Mall will spend $1.2 million on improvements

    Gaithersburg, Md. — Lakeforest Mall in Gaithersburg, Md., today announced a $1.2 million renovation plan. Improvements will include a reconfiguration of the center court, a new and improved children’s play area and new furniture for the food court.

    Work will level the 5,245-sq.-ft. center court to create a space that will host community events such as the Lunar New Year Celebration, Summer Camp Expo and holiday promotions. Center court renovations will finish up by early November.

  • Snack Taverna goes to Hell’s Kitchen

    New York — Snack Taverna, the popular West Village restaurant in New York City, has signed a lease to extend its concept into a 1,100-sq.-ft. space in Hell’s Kitchen, according to Winick Realty Group, which represented the tenant in the transaction.

     

  • Nespresso opens redesigned Boston flagship

    New York -- Nespresso announced the opening of its redesigned Boston flagship. The 2,400-sq.-ft. space is located in Boston's Back Bay neighborhood.

    “We are thrilled to offer an enhanced premium coffee experience to Boston residents and visitors with our newly redesigned Boutique,” said Frederic Levy, president, Nespresso USA. “The Boutique will offer visitors a chance to connect with the brand in a uniquely sensorial way, and is exemplary of Nespresso's commitment to the highest-quality coffee, products, and customer service.”

  • Report: Wal-Mart unit eyes Africa expansion

    Bentonville, Ark. – Wal-Mart’s South African subsidiary Massmart Holdings Ltd. is reportedly considering expanding into Kenya. According to an article in Bloomberg, Kenyan news outlets are reporting that Massmart executives have met with representatives of major Kenyan retail chains including Naivas Supermarket Ltd.

  • Marc Jacobs opens debut beauty store

    New York City -- Fashion retailer Marc Jacobs will enter the beauty category with his first store dedicated to cosmetics and beauty items.

    The nearly 500-sq.-ft. store has opened at 385 Bleecker Street in Manhattan and, according to a Women’s Wear Daily report, will showcase the designer’s 121-SKU color cosmetics collection, as well as his fragrances with Coty Prestige. 


  • JLL closes sale and financing at Bella Terra

    Houston — Jones Lang LaSalle has announced the closing of the sale of The Shops at Bella Terra, a 308,828-sq.-ft. power center in Houston’s Grand Parkway corridor. The JLL Capital Markets Group also secured acquisition financing with Wells Fargo and additional equity from Heitman on behalf of the buyer, Dunhill Partners

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