REAL ESTATE

Burlington is coming to Northgate Mall

BY Michael Fickes

Chattanooga, Tenn. — CBL & Associates Properties, Inc has announced that Burlington Coat Factory will locate its first and only store in Chattanooga at Northgate Mall. The new 63,000-sq.-ft store will stand between Sears and J.C. Penney. Shoppers will enter from the mall and from outside from the east parking lot.

Several stores will relocate to accommodate the redevelopment. Plans call for construction to begin in January with the grand opening scheduled for October 2014.

CBL is also carrying out a multi-million dollar renovation of the mall. The renovation will enhance the main entrance and re-pave portions of the parking lot. Inside the mall, the remodeling work will add new soft seating areas and new flooring along with ceiling and lighting upgrades. The renovation should finish up this fall.

A new Old Navy store going up next to the southwest mall entrance plans to open in January 2014.

In addition, the redevelopment of the mall’s associated shopping center located across the parking field is nearing completion. T.J.Maxx received a new façade. Michaels celebrated its grand opening in early September. Ross Dress for Less has planned its grand opening for the fall.

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REAL ESTATE

Blo/Out Blow Dry Bar opens at Willow Grove Park

BY Michael Fickes

Willow Grove, Pa. — Blo/Out Blow Dry Bar has opened its third area location at Willow Grove Park in Willow Grove, Pa., near Philadelphia. The no-appointment 1,300-sq.-ft. salon offers eight styling techniques plus Blo/Out Express, a 20-minute dry styling treatment.

Owned, managed and leased by Pennsylvania Real Estate Investment Trust, Willow Grove Park is a three-level 1.2 million-sq.-ft. regional shopping mall anchored by Bloomingdale’s, May’s, Sears, J.C. Penney and Nordstrom Rack. More than 130 specialty retailers fill out the inline spaces.

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REAL ESTATE

Metro Chicago restaurant, banquet facility goes to auction

BY Michael Fickes

Mokena, Ill. — Micoley.com’s Sept. 28 property auction will offer a restaurant and banquet facility in Mokena, Ill. The two-story restaurant spans 14,754 sq. ft. The site includes 162 parking spaces. Zoning allows other kinds of commercial activity.

The property has an opening bid of $995,000, substantially lower than the initial asking price of $1,795,000. Offers are expected during the lead up to the auction. Properties such as this frequently sell ahead of their auction date.

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