REAL ESTATE

Buca di Beppo and GGP launch expansion plan

BY Katherine Boccaccio

Chicago — General Growth Properties and Italian restaurant chain Buca di Beppo announced Tuesday the scheduled opening of 10 Buca di Beppo restaurants set to open at various properties within the GGP mall portfolio during late summer 2012.

The multi-restaurant deal marks a significant expansion of the Buca di Beppo restaurant group. New mall locations include Governor’s Square Mall in Tallahassee, Fla., August (Ga.) Mall, Oakwood Center in New Orleans and Town East Mall in Dallas.

The new Buca di Beppo restaurants will range in size from 4,500 sq. ft. to 7,000 sq. ft. and all units are scheduled to open in the summer 2012. This expansion initiative is the first of multiple deals that are in development with Buca di Beppo and various GGP properties throughout North America.

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REAL ESTATE

Updates planned for Northridge Fashion Center

BY Katherine Boccaccio

Northridge, Calif. — Chicago-based General Growth Properties said Monday it will update its Northridge Fashion Center property, in Northridge, Calif., by modernizing and enhancing both the interior and exterior of the shopping center.

Renovations to the property launch in February and include new flooring, new interior and exterior dining areas, revamped color palette and lighting, a re-invented Macy’s Court with a Cyberlounge, a new Children’s Play Area, and updated entrance façade, way-finding signage and lighting.

Northridge Fashion Center is anchored by Macy’s, Macy’s Men’s & Home Furnishings, J.C. Penney and Sears. Other tenants include H&M, Apple, Disney Store, Coach, and Love Culture.

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REAL ESTATE

Hhgregg to occupy former Linens space in central Illinois

BY Katherine Boccaccio

Champaign, Ill. — Electronics and appliances retailer Hhgregg is taking a 35,000-sq.-ft. space left vacant by defunct Linens ‘N Things, at Champaign Town Center in Champaign, Ill.

Jo-Ann Fabric and Craft Stores will open a 17,820-sq.-ft. store in the same shopping center. Oakbrook Terrace, Ill.-based Mid-America Asset Management made the announcements.

Both stores are estimated to open in spring 2012, and will be adjacent tenants.

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