REAL ESTATE

Bealls to open at Loop West shopping center

BY Staff Writer

Orlando, Fla. — Boston-based The Wilder Cos. said that Bealls will open a new department store at Loop West, located in the southern portion of the Orlando, Fla., market.

Loop West, along with adjacent center The Loop, make up an 840,000-sq.-ft. shopping complex housing 14 specialty anchors and 55 shops, services and eateries. Anchors include Kohl’s, J.C. Penney, TJ Maxx, Bed Bath & Beyond, DSW Shoes, Regal Cinema and more.

The new 94,000-sq.-ft. Bealls store will incorporate the latest prototype design featuring a Florida-inspired color scheme, updated store visuals, and contemporary floor and wall treatments.

Opening is planned for late October.

According to Wilder, there are also leases and commitments on the remaining small-shop space, bringing complex occupancy to 100%. The newest leases include Shoe Carnival and Moe’s Southwest Grill, joining a mix of nearly 70 stores including Jared, Tilly’s, Ulta, Aeropostale, Justice, American Eagle, Pac Sun, Pier 1 Imports, Bonefish Grill, Pei Wei Asian Diner, and Chipotle.

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B&N promo looks to get people hooked on Nook

BY CSA STAFF

NEW YORK— Barnes & Noble is promoting the Nook by inviting customers to come into its stores to compare their e-readers with company’s own version. Beginning July 1, customers can purchase a Nook, starting at $139, and receive an instant Nook Book collection — 30 free digital titles valued at $315.

“Both the All-New Nook and Nook Color Reader’s Tablet are best-in-class according to the industry’s leading reviewers and millions of devoted Nook customers. We are confident that side-by-side comparisons with other eReaders will show Nook products to be the superior choice,” said Jamie Iannone, president of digital products, Barnes & Noble. “We invite reading lovers to visit their neighborhood Barnes & Noble bookstore to see, hold and touch our innovative Nook products and encourage them to upgrade their reading experience while kicking off their collection with a limited-time bonus of 30 free Nook Books.”

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Gap Inc. ventures into Africa

BY CSA STAFF

SAN FRANCISCO — Gap Inc. announced that it plans to open its first Gap store in Egypt this July and its first Gap and Banana Republic stores in Morocco this October. These store openings will mark the company’s first entry into Africa.

As part of an existing franchise agreement with The Fawaz Al Hokair Group, Gap will open its first Egyptian store in the Mall of Arabia in the capital city of Cairo. Two additional Gap stores will open at Cairo’s City Stars Mall and Sun City Mall this October.

The company has signed a new franchise agreement with the Aksal Group to open its first Gap and Banana Republic stores in Casablanca, Morocco. Both stores will be located in the city’s new Morocco Mall and will open at the same time as the mall’s grand opening this October.

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