REAL ESTATE

Bed Bath & Beyond, Stein Mart ink leases for North Point MarketCenter

BY CSA STAFF

Alpharetta, Ga. Atlanta-based Cousins Properties said Monday that anchor tenants Bed Bath & Beyond and Stein Mart have signed leases for a combined 75,000 sq. ft. of space in North Point MarketCenter.

Both retailers are slated to open during second quarter 2010, joining Target, Babies “R” Us, Dick’s Sporting Goods, Marshall’s, PetSmart and Regal Cinema.

In addition to its lease agreements with Bed Bath & Beyond and Stein Mart, North Point MarketCenter recently celebrated the opening of Kirkland’s, the retailer’s fifth metro Atlanta location and its third store at a Cousins center.

 

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REAL ESTATE

Coldwater Creek closing downtown Seattle store

BY CSA STAFF

New York City Coldwater Creek is closing its downtown Seattle store after 10 years to focus more on stores in suburban markets, the Puget Sound Business Journal reported.

The lease for the store has expired and the company will close the store Jan. 30.

Since the store opened, Coldwater Creek has changed its business model to focus on growth in suburban markets with smaller stores, the report said.

The Sandpoint, Idaho-based company will continue to operate its Seattle-area stores at Bellevue Square, Lynnwood’s Alderwood Mall and Tacoma Mall, as well as stores in Kent and Gig Harbor.

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FINANCE

Lowe’s card offers points to small business customers

BY CSA STAFF

Las Vegas Mooresville, N.C.-based Lowe’s Cos. teamed with American Express Open to launch the Lowe’s Business Rewards Card.

The key feature of the new payment product is the ability to offer small business customers reward points. It’s the first rewards program for Lowe’s small business credit customers.

In a prepared statement, Lowe’s president and COO Larry Stone said the Rewards Card “offers convenience and rewards at a time when business owners need it most.”

The breakdown of the points follows a simple plan: one point for every dollar spent on the card; double points for dollars spent at Lowe’s; and triple points for dollars spent on restaurant purchases, office supplies and wireless bills.

The announcement of the new card was made during the International Builders’ Show in Las Vegas.

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