REAL ESTATE

Cadence McShane to complete new retail assignments for MGHerring

BY CSA STAFF

Dallas Cadence McShane Construction Co. announced that it has been selected to complete two new retail assignments at The Village at Fairview and The Village at Allen on behalf of developer The MGHerring Group.

Cadence McShane will complete a 13,000-sq.-ft. tenant space for Daired’s Salon & Spa, and will also complete a 20,013-sq.-ft. tenant build-out on behalf of retailer, a Real Bookstore. 

Both projects are scheduled for completion in November.

Cadence McShane has previously completed over 592,000 sq. ft. of mixed-use construction at The Village at Allen and The Village at Fairview developments on behalf of The MGHerring Group.

URS Corp. and O’Brien & Associates Architecture are providing architectural services for the salon and bookstore, respectively.

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REAL ESTATE

Target, Marshalls open at Sky View Center

BY CSA STAFF

Flushing, N.Y. Target Corp. opened a 180,000-sq.-ft. store on Wednesday at Sky View Center, an 800,000-sq.-ft. shopping center located below residential development Sky View Parc, located in Flushing, N.Y.

It is the third Target to open in Queens and features a grocery area that includes fresh and frozen food, as well as packaged meat, baked goods and a variety of multicultural brands to cater to the local community.

TJX Cos. opened a 37,000-sq.-ft. Marshalls store on Thursday at Sky View Center. Slated to open later this year are Bed, Bath & Beyond, Payless and Old Navy, as well as restaurants Applebee’s Neighborhood Grill & Bar and Chuck E. Cheese’s. They will join already opened retailers BJ’s Wholesale Club, Best Buy and Bob’s Discount Furniture.

Sky View Parc is owned and developed by Onex Real Estate Partners.

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Mango eyes China for aggressive growth

BY CSA STAFF

Barcelona, Spain Spanish apparel retailer Mango said Friday it plans to add up to 220 stores in China in 2011, as it seeks to more than triple the proportion of sales it gets from the country in the next three years.

The company will aim to add one outlet about every day-and-a-half to its 100 stores in the country, Isak Halfon, Mango’s expansion director, told Bloomberg. About 10% of sales will come from China by 2013, up from 3% now, he said.

“China is growing incredibly fast and has the most potential for store openings,” Halfon said, adding that at least 200 Mango outlets will open there next year.

Mango opened its first store in the country in 2002 and created a distribution hub in Shanghai in 2006.

The retailer operates 1,600 stores, of which about 60% are franchises.

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