FINANCE

Brown Shoe Company acquires Sam & Libby brand

BY Staff Writer

New York — Brown Shoe Company has acquired the Sam & Libby brand and reunited it with its founders, Sam and Libby Edelman. For the last eight years, the brand was owned by The Jones Group.

“We feel very strongly that this brand belongs with Sam and Libby, the people who created it,” said Diane Sullivan, president and CEO of Brown Shoe Company. “We purchased Edelman Shoe two years ago and last month, we announced Libby’s return to Brown Shoe Company. The timing is perfect to bring the Sam & Libby brand back into the fold. The potential for the entire portfolio is exciting and certainly presents additional interesting opportunities for us to explore.”

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REAL ESTATE

Englewood Construction completes two shopping center projects for General Growth and GK Development

BY Staff Writer

Chicago — Englewood Construction has announced its interiors team recently completed work for General Growth Properties at Water Tower Place in Chicago, and for GK Development at the Peru Mall in Peru, Ill.

In Chicago, Englewood Construction completed a 5,000-sq.-ft. space reconfiguration for landlord General Growth Properties at Water Tower Place on the iconic Magnificent Mile. Shapiro Associates LTD. of Chicago served as the architect for the project.

Englewood was hired to change the interior layout and motif of the retail space to accommodate a new tenant.

In the LaSalle-Peru area, Englewood was hired by GK Development to complete prep work for a 14,990-sq.-ft. JoAnn Fabric store at the Peru Mall, which is the only enclosed, regional shopping center within a 55-mile radius.

Working with Lakewood, Ohio-based ADA Architects Inc. on the project, Englewood performed demolition and site due diligence work for GK Development.

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FINANCE

Progressive AE and Design Plus announce merger

BY Marianne Wilson

Grand Rapids, Mich. — Progressive AE and Design Plus, both of which are based in Grand Raids, Mich., announced they have merged to create one of the area’s largest full-service design firms specializing in architecture, engineering and interior design. Financial details of the merger were not disclosed.

The combined company, which will be headquartered in Progressive AE’s office in Grand Rapids, will retain the Progressive AE name. It will be led by Progressive AE’s president and CEO Bradley Thomas, with a bolstered leadership team that will include senior members of the Design Plus team.

The combined entity brings together two respected companies with nearly 85 years of experience, more than 150 full-time professionals and annual revenues of more than $25 million.

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