REAL ESTATE

Anthropologie set to debut accessories concept

BY CSA STAFF

New York City Anthropologie will premier its accessories-only format on Oct. 29, in Chevy Chase, Md., according to Women’s Wear Daily.

The 1,4000-sq.-ft. store will feature shoes, handbags, scarves, costume and fine jewelry, and in a first for the brand, estate and antique jewelry, the report said.

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REAL ESTATE

Aldi to debut first interior mall store

BY CSA STAFF

Los Angeles Westfield announced Thursday that it plans to add a limited-assortment Aldi grocery store to a Chicago mall. The new store will be the low-priced Aldi’s debut location inside a regional mall in the U.S.

The 20,000-sq.-ft. store, slated to open in May 2011 at Chicago Ridge mall, will be customized to accommodate an interior entrance, according to mall owner Westfield. The new store will open in a vacated Steve & Barry’s space.

A special loading zone is also being added to the mall parking lot for customers with groceries, Westfield said.

“Introducing the new grocery category to our shopping centers is first and foremost a valuable new option for our customers, and a very positive move for our grocery store partners,” said Chris Barnett, SVP at Westfield. “We plan to expand this concept throughout our U.S. portfolio and are currently talking to a number of grocers.”

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Coyote, Garrison acquire 1.6 million sq. ft. in shopping center space

BY CSA STAFF

Addison, Texas Coyote Management, L.P. and Garrison Investment Group said Thursday that, through their affiliates, they have acquired six regional malls and shopping centers totaling 1.6 million sq. ft.

The tandem acquired Lakeshore Mall in Gainesville, Ga.; Decatur Mall, in Decatur, Ala.; Promenade Montgomery Shopping Center and Promenade Montgomery North Shopping Center, in Montgomery, Ala.; Bellwood Center, in Montgomery, Ala.; and Quaker Village, in Greensboro, N.C.  

Lakeshore Mall is a 517,153-sq.-ft. regional mall anchored by Belk, J.C. Penney and Sears. Decatur Mall is a 576,000-sq.-ft. regional mall anchored by Belk, Dillard’s, Sears, J.C. Penney and an eight-screen Regal Cinemas. 

Promenade Montgomery Shopping Center, Promenade Montgomery North Shopping Center, Bellwood Center, and Quaker Village are all neighborhood shopping centers that serve densely populated communities throughout Alabama and North Carolina.

“These acquisitions represent the next phase of our company’s strategic growth initiatives,” said Coyote’s CEO and chairman, Michael E. Rulli. “We fully expect Coyote’s ownership of these kinds of assets to increase dramatically in the next two years.”

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