REAL ESTATE

  • Signet Jewelers to open 65 to 75 U.S. stores

    Hamilton, Bermuda -- Signet Jewelers Ltd. reported better-than-expected fourth-quarter results, helped by sales gains at its biggest division, Kay Jewelers. The company, which raised its quarterly dividend by 25%, said it anticipates opening 65 to 75 new U.S. stores for the year. 


    Signet, which also operates the Jared chain in the United States and the Ernest Jones stores in Britain, said revenue increased 11.8% to $1.51 billion for the quarter ended Feb. 2.

  • Destination Maternity superstore format in Canadian debut

    Philadelphia -- Destination Maternity Corp. on Thursday opened the first Destination Maternity superstore location in Canada. The 5,000-sq.-ft. store is in Langley, a suburb of Vancouver, B.C.

  • Great American Cookies to expand in Puerto Rico

    Atlanta -- Global Franchise Group said Wednesday it is expanding its Puerto Rican presence via a multi-unit operator.

    A.M.A. Pretzels International opened two Great American Cookies stores in Puerto Rico -- in Plaza Carolina in Carolina, and Plaza Rio Hondo in Bayamon.

    "Global Franchise Group is thrilled to have such outstanding multi-unit franchisees expand the Great American Cookies brand in Puerto Rico," said Global Franchise Group chief development officer John Barber.

     

  • GBT Realty launches construction on Village on Pooler Parkway

    Nashville, Tenn. -- GBT Realty Corp. said Wednesday it has closed on the purchase of approximately 20 acres along Pooler Parkway in Pooler, Ga., for the development of the Village on Pooler Parkway. The development will consist of more than 143,000 sq. ft. when completed in the first quarter of 2014.
     

  • Englewood Construction launches four restaurant projects

    Chicago -- Lemont, Ill.-based Englewood Construction said Wednesday that its restaurant group has begun work on four new projects, including a food court in New Jersey’s largest outlet mall, a steakhouse in a downtown Chicago luxury hotel and two suburban Chicago mall restaurants.

    “As we head out of the recession, we’re seeing more importance placed on dining and entertainment, and the focus is on redevelopment,” said William Di Santo, president, Englewood Construction.

  • Kleinfeld Bridal to open in Hudson’s Bay flagship in Toronto

    New York -- Kleinfeld Bridal, the iconic New York bridal retailer and star of the hit reality show “Say Yes to the Dress,” will open a 20,000-sq.-ft. salon in Hudson’s Bay’s flagship location in downtown Toronto in early 2014. The Hudson’s Bay Company has exclusive rights to the brand in Canada.

  • Report: Wegmans looking to open in Boston

    New York -- Wegmans is looking to open its first location in Boston, according to a report on Boston.com.

    The company reportedly is seeking to open at the Landmark Center, an office and retail complex that is being redeveloped. Wegmans anticipates that an agreement for the site will be reached “in the near future,” the report said.

     

  • 7-Eleven leases 17 stores in Cleveland area

    Dallas -- 7-Eleven will rebrand convenience stores in Ohio’s Cuyahoga and Lorain counties as part of a 19-store lease from Allentown, Pa.-based Lehigh Gas Partners LP.

    The effective date of the leases will vary, but all leases are expected to be in place by March 31, 2013.

  • Jones Lang LaSalle brokers sales of Bethesda Walk

    Atlanta -- Jones Lang LaSalle’s Capital Markets announced that the firm has closed the sale of Bethesda Walk in the Lawrenceville suburb of Atlanta, on behalf of DLC Management Corp., Tarrytown, N.Y.

    Solon Mack Real Estate purchased the 68,271-sq.-ft. shopping center, which is anchored by a 44,271-sq.-ft. Walmart Neighborhood Market that opened in mid-2012.

    Terms of the deal were not disclosed.

     

  • Smoothie King to open 100 stores in 2013

    New Orleans -- Smoothie King Franchises said Monday it plans to open 70 franchise and 30 corporate locations across the U.S. in 2013.

    Since December 2012, the smoothie franchise has acquired six additional locations in Florida and Texas, bringing the total number of corporate stores to seven. The company also has opened six new franchise locations since the start of the year.

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