REAL ESTATE

10 more Uniqlo stores to open in U.S.

BY Michael Fickes

New YorkFast Retailing Co. will open 10 more Uniqlo stores in New York, New Jersey, Connecticut, and California this fall, bringing the brand’s presence in the U.S. to 17 stores, plus the online shopping platform Uniqlo.com that opened in October of 2012.

The new stores will be in shopping centers and malls and will carry casual clothing for men, women, and kids.

There are currently seven U.S. stores, including three in New York City, two in New York State (Westchester’s Ridge Hill, Palisades Center), one in Paramus, NJ (Westfield Garden State Plaza), and one in San Francisco’s Union Square.

"Uniqlo is ready to take our next step in our U.S. expansion by opening more smaller format and mall stores in the regions surrounding our current flagships stores in the Tri-State and Northern California regions," said Larry Meyer, COO of Uniqlo’s USA business and Fast Retailing Group senior VP.

Fast Retailing Co. is a Japanese retail holding company that designs, manufactures and sells clothing under six main brands including Uniqlo.

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REAL ESTATE

Kite Realty begins renovation of Naples, Fla., center

BY Michael Fickes

Naples, Fla.Kite Realty Group Trust has begun work on a $10 million renovation of the 85,497-sq.-ft. Kings Lake Square in Naples, Fla.

The renovation will demolish the center’s Publix anchor and construct a new 45,000-sq.-ft. new Publix. Additional work includes renovated shop facades new sidewalks, a new parking lot, site lighting and landscaping.

Publix will close this month and reopen the new store next spring. All other tenants will remain open during the renovation.

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REAL ESTATE

CBRE brokers sale of Houston-area center

BY Michael Fickes

Houston — CBRE’s national retail investment group has arranged the sale of Sheldon Forest Shopping Center in Channelview, Texas, east of Houston, on behalf of Weingarten Realty Investors.

Gerland’s Food Fair anchors the 97,380-sq.-ft. center. Major tenants include Family Dollar and Burke’s Outlet. Both Phase I and II of the center are 100% occupied.

Capcor Partners purchased the property for an undisclosed price.

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