REAL ESTATE

Carl’s Jr. expands in Texas

BY Staff Writer

Dallas — Venture Commercial Real Estate announced the completion of several transactions that will bring new Carl’s Jr. restaurants to Garland, Balch Springs, Lufkin, and Beaumont, Texas, by the end of the year.

With the addition of these four locations owned and operated by RWJP Star Enterprises, the total number of Carl’s Jr. restaurants in Texas will be 48.

“Our goal is to open 120 restaurants across Texas over the next eight years, making us the largest Carl’s Jr. franchisee in the U.S.,” said Richard White of RWJP Star Enterprises.

The four Carl’s Jr. transactions include a 2,911-sq.-ft. lease in Garland, expected to open in September; a 31,504-sq.-ft. tract of land in Balch Springs that will host a new restaurant opening on Aug. 30; a .666-acre tract in Lufkin for a new restaurant opening Aug. 16, and a .813-acre tract in Beaumont with a Sept. 13 restaurant opening.

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REAL ESTATE

T.J. Maxx to open at Aroostook Center Mall

BY Staff Writer

Presque Isle, Maine — Westport, Conn.-based Charter Realty & Development Corp. said it has arranged a lease for 25,000 sq. ft. for a T.J. Maxx store in the Aroostook Center Mall in Presque Isle, Maine.

T.J. Maxx will join Lowes, Sears, J.C. Penney and others in this project. This 525,000-sq.-ft. center is owned by Sitt Assett Management.

Charter Realty currently represents TJX Cos. for their T.J.Maxx, Marshalls, Marshalls Shoes and HomeGoods divisions in various markets throughout the Northeast.

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News

Play ball! JCPenney CMO to open baseball camp

BY CSA STAFF

NEW YORK — Mike Boylson, formerly EVP and CMO of JCPenney, has traded retailing for baseball. The 32-year JCPenney veteran, who officially stepped down from the company on July 1, and a friend are opening a franchise of D-Bat, a baseball and softball training academy, Advertising Age reported. The facility is due to open this fall.

Boylson’s new venture will be located in Allen, Texas, not far from JCPenney’s headquarters in Plano. According to the report, the 27,000-sq.-ft. location will feature batting cages, including a designated "showcase cage" with clay pitcher’s mounds, a pro-shop and a parents’ lounge. Other offerings include classes, camps and clinics.

Industry experts have speculated that Boylson’s sudden retirement was the first part of a general houskeeping that would occur under new incoming CEO Ron Johnson. But Boylson had no idea about Johnson’s impending appointment when he told J.C. Penney CEO Myron “Mike” Ullman that he planned to retire early, according to the report. Boyson is 56.

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