REAL ESTATE

  • Ace Hardware on track to open 170 stores in 2012

    Oak Brook, Ill. -- Ace Hardware Corp. has reported substantial growth and expansion in priority markets across the country.

    “Our aggressive, long-term growth strategy features a total package of resources and support to ensure a successful future for our retailers,” said Mike Berschauer, director, retail development for Ace Hardware. “After a prosperous second quarter focused on store activations and conversions, Ace is on-track to achieve its goal of opening 170 new domestic stores in 2012.”
     

  • Papa Murphy's to open 100 Middle East locations

    Vancouver, Wash. -- The international arm of Take-and-bake pizza operator Papa Murphy’s announced Monday it has signed a master franchise agreement with MAM Foodco to open 100 locations throughout the Gulf Cooperation Council.

    The first location, which marks the chain’s debut outside North America, is slated to open in Dubai, UAE, before the end of 2012.
     

  • Ann Taylor sets date for international debut with store in Toronto

    New York -- Ann Taylor on Oct. 5 will open its first store outside of the United States, in the Toronto Eaton Centre. The company will open a second store in Canada, located in Toronto’s Yorkdale Shopping Centre, in November.

  • Walmart to open three to five more India stores by year-end

    Bangladesh, India -- A Tuesday report by Reuters said that the Indian joint venture of Wal-Mart Stores and Bharti Enterprises has announced plans to open three to five cash-and-carry/wholesale stores in India by the end of the year.

    The partnership currently operates 17 wholesale stores in India. 

    Foreign ownership regulations in India do not allow global hypermarket and supermarket chains to open retail stores in the country, but they are allowed to operate wholesale operations.

  • Dress Barn opens at Hampton Village Centre

    Rochester Hills, Mich. -- Brixmor Property Group announced that a 8,001-sq.-ft. Dress Barn recently opened at Hampton Village Centre, located in Rochester Hills, Mich.

    Brixmor, based in New York City, is the owner of Hampton Village Centre.
     

  • LA Fitness to open first Rhode Island location at Garden City

    Cranston, R.I. -- Boston-based The Wilder Cos. said that LA Fitness will make its Rhode Island state debut at Garden City Center, located in Cranston.

    The 38,000-sq.-ft., two-level facility will be located next to Office Max; a former Borders will be demolished to make way for LA Fitness.

    Construction will begin in January 2013 with a late December 2013 or early 2014 opening set.

  • WP Realty, Angelo Gordon acquires Oak Park Commons

    South Plainfield, N.J. -- Bryn Mawr, Pa.-based WP Realty and Angelo, Gordon & Co. said that the pair has Oak Park Commons in South Plainfield, N.J.

    Oak Park Commons is a one-story, 136,939-sq.-ft. community shopping center anchored by A&P Supermarket in 60,025 sq. ft. and includes a mix of national, regional, and local tenants. It is currently 76% occupied.
     

  • DDR names senior marketing executive

    Beachwood, Ohio -- DDR Corp. has announced the appointment of Martin McGreevy as senior VP and chief marketing officer for the company.

    McGreevy is charged with establishing and executing the company's corporate messaging, branding and marketing strategy.

    Prior to joining DDR, McGreevy was president of Cyclonix Inc., a San Jose, Calif.-based marketing and consulting firm.
     

  • Englewood Construction completes two shopping center projects for General Growth and GK Development

    Chicago -- Englewood Construction has announced its interiors team recently completed work for General Growth Properties at Water Tower Place in Chicago, and for GK Development at the Peru Mall in Peru, Ill.

    In Chicago, Englewood Construction completed a 5,000-sq.-ft. space reconfiguration for landlord General Growth Properties at Water Tower Place on the iconic Magnificent Mile.  Shapiro Associates LTD. of Chicago served as the architect for the project.

  • iFixandRepair to open at Willow Grove Park

    Willow Grove, Pa. -- Philadelphia-based Pennsylvania Real Estate Investment Trust said that iFixandRepair will join its Willow Grove Park, Pa., property this fall.

    The 1,077-sq.-ft. store joins other Willow Grove Park wireless electronics retailers such as AT&T, Best Buy Mobile, RadioShack, Sprint Nextel, T-Mobile and Verizon Wireless.

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