REAL ESTATE

Athleta makes East Coast debut

BY Marianne Wilson

San Francisco — Gap will open two Athleta stores this week in Manhattan’s Upper East and Upper West side neighborhoods. The openings mark the women’s active wear brand’s entry into the East Coast market, and support Athleta’s plan to open up to 50 stores by 2013.

“Entering New York is a significant milestone for us as we aim to grow our share of the $31 billion women’s active wear market,” said Scott Key, senior vice president and general manager of Athleta.

The stores feature modern, clean designs in keeping with the urban New York City aesthetic and compliment Athleta’s catalog imagery with sleek steel and warm wood trim at the cash wraps and in the dressing room seating areas.

Additional Athleta features include free alterations in store, kiosks that link directly to the website offering customers access to additional product and sizes, and free fitness classes.

The merchandise offerings include Athleta’s collection of women’s active lifestyle apparel for yoga, running, swim, gym, hiking and skiing as other products for both athletic and everyday pursuits.

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REAL ESTATE

Sports Authority to open six stores on Aug. 13

BY Staff Writer

Englewood, Colo. — Sports Authority said Tuesday it will open six new stores on Aug. 13.

The new stores will open in five states, and include the major markets of Miami, Los Angeles, Salt Lake City, Chicago and Milwaukee.

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REAL ESTATE

Regency Centers purchases Rockridge Center for $20.5 million

BY Staff Writer

Jacksonville, Fla. — Regency Centers said Monday it has acquired Rockridge Center, a 125,213-sq.-ft. grocery-anchored neighborhood center in Plymouth, Minn.

The property was purchased in an off-market transaction for $20.5 million from private real estate development company Hempel Properties.

This is the second grocery-anchored shopping center acquisition by Regency within 45 days.

Remodeled in 2006, Rockridge Center is 99% occupied and is anchored by an 89,219-sq.-ft. Cub Foods, accompanied by a lineup of national retailers including Caribou Coffee, Qdoba Mexican Grill, Papa Murphy’s, Subway and Fantastic Sam’s.

This acquisition follows the recent purchase of Calhoun Commons, a 66,150-sq.-ft. neighborhood center anchored by Whole Foods Market, in Minneapolis.

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