REAL ESTATE

Barbie flagship closes

BY CSA STAFF

Shanghai, China — Mattel announced Monday that it has closed its much-acclaimed Barbie flagship store, which opened March 2009 in Shanghai.

The El Segundo, Calif.-based toy manufacturer, which officially closed the store’s doors on Monday, cited a change in strategy as reason for the closure. Mattel said in a statement that it plans to promote the Barbie brand via road tour — on a pink tour bus.

The six-story store featured a spa, cafe, design studio, fashion stage and thousands of Barbie dolls and Barbie products. Mattel inaugurated the store on the 50th birthday of the Barbie brand, bringing together 45 product lines, including trampolines, jewelry and stationery.

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REAL ESTATE

Third Eatery opens at Moorestown Mall

BY CSA STAFF

Moorestown, N.J. — Philadelphia-based Pennsylvania Real Estate Investment Trust (PREIT) said Friday that Sakura House has opened a 980-sq.-ft. Japanese eatery at Moorestown Mall, located in Moorestown, N.J.

The new location, in the Food Court, joins the recently opened Bubby’s Brisket and Elevation Burger.

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REAL ESTATE

Guitar Center to open at Oakview Plaza North

BY CSA STAFF

Omaha, Neb. –– New York City-based The Lightstone Group said Thursday that Guitar Center has signed a 10-year, 18,000-sq.-ft. lease at Oakview Plaza located in Omaha, Neb.

Built in 1999, Oakview Plaza is a power center that serves Omaha’s westward expansion, and comprises three single-story retail buildings located on approximately 19.6 acres of land and containing approximately 177,303 rentable sq. ft. It is tenanted by Famous Footwear, Men’s Warehouse, PetSmart, Panera, Dick’s Sporting Goods and Babies "R” Us.

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