Burger concepts – doomed for bust?
New York City — Chainstoreage.com columnist Jeff Green challenges the boon of the burgeoning burger concepts, posing the question: “Are burger joints here to stay or just a trendy restaurant theme that will overextend itself and “fall of the map” in a few years?
Check out Jeff’s latest column on the real estate community page: http://www.chainstoreage.com/community
T.J. Maxx to open at Centerplace of Greeley III
Greeley, Colo. — Jacksonville, Fla.-based Regency Centers said it has leased retail space in Greeley, Colo., to T.J. Maxx, which will open a 25,000-sq.-ft. store at Centerplace of Greeley III shopping center.
The 119,000-sq.-ft. shopping center is anchored by a 42,000-sq.-ft. Sports Authority and a 30,000-sq.-ft. Best Buy.
WP Realty acquires Chesterfield Marketplace
Midlothian, Va. — Bryn Mawr, Pa.-based WP Realty announced Thursday that it has acquired Chesterfield Marketplace located in Midlothian, Va.
This transaction marks WP Realty’s 10th acquisition of the year.
Chesterfield Marketplace is a one-story, 428,576-sq.-ft. community shopping center anchored by PetSmart, Staples and TJ Maxx, and shadow anchored by Home Depot and Toys “R” Us.
The portion of the center acquired, 197,942 sq. ft., is currently 54% occupied with 91,232 sq. ft. of available space.