REAL ESTATE

Center City Philadelphia has a Theory

BY Michael Fickes

Philadelphia — Men’s and women’s apparel retailer, Theory has taken 3,000 sq. ft. at 1616 Walnut Street in Center City Philadelphia near Rittenhouse Square, according to Fameco Real Estate.

Fameco represented the building’s ownership group of Federal Capital, Alterra Property and Cross Properties in the transaction.

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REAL ESTATE

Buffets appoints two senior executives

BY Michael Fickes

Greer, S.C. — Buffets, the parent company of six family style steak buffet restaurant chains, has named Chip Romp to the newly created position of VP Training and Jay Allen to Senior VP Real Estate and Development.

A 20-year training veteran, Romp comes to the company from the Italian Fast Casual concept Fazoli’s, where he served as VP Training, Development & Ops Services. He also has training experience with Applebee’s International, Damon’s International and Jillian’s Entertainment.

With more than 25 years experience, Allen most recently served as the VP Restaurant Development for Focus Brands. He has also held senior executive positions with Marriott Contract Service providers, O’Charley’s and Buffalo Wild Wings.

Buffets’ six restaurant brands operate 344 restaurants in 35 states.

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REAL ESTATE

Polarn O. Pyret opens first store in Boston metro area

BY Michael Fickes

Chestnut Hill, Mass. — Swedish children’s wear brand Polarn O. Pyret USA has opened its first Boston-area store at THE STREET in Chestnut Hill, according to WS Development, the center’s developer and owner. This is the fifth Polarn O. Pyret (pronounced POH-lahrn oh PEE-rhet and nicknames PO.P) in the U.S. and the fourth on the east coast.

PO.P designs children’s clothing to be handed down from child to child. The retailer designs its stores with mirrors, tunnels and display tables that double as play equipment. Parents relax on ottomans while the kids play in the tunnels. The fitting room in the back of the store will accommodate a stroller.

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