REAL ESTATE

  • Crazy 8 to open at Independence Mall

    Wilmington, N.C. -- Madison Marquette Retail Services, which leases and manages Independence Mall – in Wilmington, N.C. – on behalf of owner Centro Properties Group, said that Gymboree Corp.’s Crazy 8 brand will open a new store at the mall this fall.

    The 2,465-sq.-ft. store will join Aeropostale, The Children’s Place, Gymboree and Justice in catering to Independence Mall’s teen, tween and children’s clothing shoppers.
     

  • DSW to open at River Forest Town Center

    River Forest, Ill. -- Oakbrook Terrace, Ill.-based Mid-America Asset Management said that DSW has signed a lease for 28,000 sq. ft. at River Forest Town Center in Chicago’s west suburbs.

    The shoe retailer is taking space vacated by Linens ‘n Things and plans to open in fall 2012 as a new anchor joining The Children’s Place, The Loft, Chico’s, Whole Foods, Panera Bread, Petco and Walgreens.   
     

  • Lululemon to join Chestnut Hill

    Chestnut Hill, Mass. -- WS Development announced that Lululemon Athletica has signed a lease to join the Chestnut Hill Shopping Center, in Chestnut Hill, Mass.

    The 3,100-sq.-ft. lululemon joins other new signings at the 406,000-sq.-ft. center, including Pottery Barn, The Sports Club/LA, Cinema de Lux, Polarn O. Pyret, Shake Shack, Pinkberry, Treat Cupcake Bar, and gourmet Asian restaurant Bernard’s.
     

  • Dunkin' Donuts to open more than 125 units in Chile, Columbia, Peru over next decade

    Canton, Mass. -- Dunkin' Donuts said Wednesday it has forged an agreement with three of its existing Latin American partners to expand the brand further in the region.

    The agreements call for 133 new Dunkin' Donuts restaurants to be developed over the next 10 years – 38 in Chile, 70 in Columbia and 25 in Peru.

    Dunkin' currently has more than 300 restaurants across Latin America, including more than 200 locations in Chile, Colombia, and Peru, as well as locations in Ecuador, Honduras, and Panama.

  • Crosland Southeast expands project management team

    Charlotte, N.C. -- Crosland Southeast announced two key hires as part of the expansion of the developer’s project management team.

    Barry James has been named senior VP project management, and Mark Hebard has been named project manager.

  • Crosland Southeast announces plans to develop Flowers Crossroa

    Clayton, N.C. -- Charlotte, N.C.-based Crosland Southeast announced Monday it plans to develop a Harris Teeter-anchored shopping center in Clayton, N.C. Flowers Crossroads will be part of the master-planned Flowers Plantation development. Construction on phase one of the 125,000-sq.-ft. center is slated for a late fall 2012 launch, with an anticipated opening date of fall 2013.
     
    Flowers Crossroads will be a 28-acre multi-use site anchored by the first Harris Teeter grocery store in Johnston County, just southeast of Raleigh, N.C.
     

  • Neiman Marcus confirms shuttering of Minneapolis store

    Dallas -- Neiman Marcus Group on Monday confirmed earlier reports that it would close its Nicollet Mall store in Minneapolis.
     
    The 118,000-sq.-ft. store, open since 1991, has not achieved minimum company objectives and will be closed in July 2013, said Neiman Marcus. 

    The company said it doesn’t plan to relocate the store in Minneapolis.
     

  • Simon names chief investment officer

    Indianapolis -- Simon Property Group announced the appointment of Matthew Lentz as executive VP and chief investment officer.

    In this newly created position, Lentz will be responsible for SPG's investment activity including the company's international investments. Lentz, who will be based in Simon's New York office, will serve as a key member of SPG's executive team and report directly to David Simon, SPG's chairman and CEO.
     
    Lentz previously was a managing director and portfolio manager at PointState Capital in New York.

  • New retail center to be developed in prime San Francisco district

    Dallas -- The Carlyle Group and Cypress Equities announced plans to develop a 250,000-sq.-ft., multi-level retail center on Market Street in the popular shopping district of San Francisco.

    The one-acre site, formerly known as CityPlace, will be rebranded Market Street Place. The project is fully entitled, groundbreaking is slated for the fall of 2012 and the grand opening is scheduled for the first quarter of 2015.

  • Dunkin' Donuts to expand presence in Germany

    Canton, Mass. -- Dunkin' Donuts announced Monday that it has signed a franchisee agreement to expand the brand's presence in Germany.

    The new franchisee group, consisting of local businessmen Sadi Sanlav and Mo Rahimi, plans to develop at least 15 new Dunkin' Donuts restaurants in the Frankfurt, Rhine-Main area of Germany over the next five years.
     

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