REAL ESTATE

Cheesesteak, financial tenants to Centre Plaza

BY Michael Fickes

Bensalem, Pa. — Philly It Cheesesteaks and MGM Financial Strategies Inc. have signed leases at the 43,550-sq.-ft. Centre Plaza in Bensalem, Pa., according to Levin Management Corp.

Philly It Cheesesteaks opened a 1,700-sq.-ft. in the spring, while MGM Financial Strategies Inc. will follow with a 1,700-sq.-ft. opening this summer or fall.

Centre Plaza serves a population of 270,000 within a five-mile radius, and the daily traffic count is about 27,000 vehicles. Average household income exceeds $67,000.

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REAL ESTATE

Planet Beauty opens three boutiques in SoCal

BY Michael Fickes

Costa Mesa, Calif. — Over the last three months, Planet Beauty has opened boutiques in three Southern California cities — Corona del Mar, Del Mar and Huntington Beach — bringing the chains store count to 34.

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REAL ESTATE

Nordstrom Rack to West Palm Beach, Fla.

BY Michael Fickes

Seattle — Nordstrom has announced plans to open a 35,000-sq.-ft. Nordstrom Rack at Palm Beach Outlets now under construction in West Palm Beach, Fla., in the fall of 2014.

A joint venture between New England Development and Eastern Real Estate, the 900,000-sq.-ft. outlet center will occupy the site of the old Palm Beach Mall, just off Interstate 95 on Palm Beach Lakes Boulevard. Scheduled to open in February, the center will feature 80 to 100 outlet stores and an adjacent retail center with national tenants.

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