REAL ESTATE

  • Sears Canada executes landlord transactions on two stores

    Toronto -- Sears Canada Inc. will enter into a series of transactions related to two stores within shopping centers co-owned by Oxford Properties Group and Alberta Investment Management Corporation that give the co-owners the right to require Sears Canada to vacate the properties by March 2014. The transactions, valued at $191 million, affect stores at the Yorkdale Shopping Centre in Toronto and at Square One Shopping Centre in Mississauga.

  • Cameron Chase Village Center now 100% leased

    Ashburn, Va. -- Two new tenants have leased the last 3,500 sq. ft. available at Cameron Chase Village Center, according to The Rappaport Cos., the broker representing the landlord.

    Sharp Line Cuts Barber Shop took 1,400 sq. ft., and sit-down restaurant Sushi Noshi signed on for 2,100 sq. ft. Both plan to open in the fall.

     

  • Gilt to open pop-up store

    New York -- Gilt, the popular online retailer of  discounted high-end designer apparel and accessories, will open its first-ever brick-and-mortar location, a pop-up store in Shelbyville Road Plaza, Louisville, Ky.    
     
    “GLI welcomes the first Gilt.com Designer Outlet to the Louisville business community,” said Greater Louisville Inc. CEO and president Craig J. Richard in a press release issued by the online retailer. “The exciting new concept store is a unique addition to our local retail market.”

  • Lululemon to open men’s stores

    New York -- Women’s yoga and activewear retailer Lululemon plans to open freestanding stores for men by 2016, outgoing company CEO Christine Day said during a presentation at a William Blair & Co. conference in Chicago. Day recently announced her plans to retire from the company once a successor is named.

  • RED Legacy hires business development exec

    Kansas City, Kan. -- Stacy Scheelk has signed on as senior director of new business development with RED Legacy. An accredited Certified Marketing Director, Scheelk’s responsibilities include developing partnerships, securing sponsorships, creating specialty retail and increasing ancillary income.

    She comes to RED Legacy from CBL & Associates Properties where she most recently served as regional director of brand development.

     

  • Fuddruckers to open new California location

    Fairfield, Calif. -- A Fuddruckers franchisee has acquired a 14,500-sq.-ft. property on the ring road of Solano Mall in Fairfield, Calif., according to Transwestern, the brokerage that represented the franchisee.

    A Chick-fil-A restaurant attached to the property will continue to operate without change.

     

  • Exclusive: Washington D.C. is 'hottest retail market'

    New York -- Washington, D.C. ranks as the nation’s hottest retail market, followed by Greater New York City, a leading developer told Chain Store Age in an exclusive video interview.

    To see the interview with Inland Real Estate Group vice chairman Joe Cosenza, click here.

     

  • CineBistro’ dinner-and-a-movie signs up for Liberty Center

    Cincinnati -- Cobb Theatres’ CineBistro will co-anchor Cincinnati’s 1.1 million-sq.-ft. Liberty Center with Dillard's, according to center developers Steiner + Associates and Bucksbaum Retail Properties. The developers plan to announce a third anchor in coming weeks.

    CineBistro was recently named as “one of eight theatres redefining the movie-going experience” by Entertainment Weekly.

  • Sycamore completes acquisition of Hot Topic

    City of Industry, Calif. -- Private equity outfit Sycamore Partners said Thursday it has completed its previously announced acquisition of Hot Topic, valued at about $600 million and returning the Hot Topic namesake stores and the Torrid banner to the private sector.

    "Hot Topic and Torrid are both leaders in their categories, and we are excited to have both brands as part of our portfolio," said Stefan Kaluzny, managing director of Sycamore Partners.  

     

  • Karate 4 Kids Martial Arts to relocate to Plaza Del Oro

    Tucson -- Lifetime Martial Arts #1 is relocating Karate 4 Kids Martial Arts to Plaza Del Oro Shopping Center. The new location will open in mid-June.

    Commercial Retail Advisors represented the tenant and CBRE represented the shopping center.
     

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