REAL ESTATE

Chuck E. Cheese’s and Claire’s sign new leases at Kendall Village Center

BY Dan Berthiaume

San Jose, Calif. – Chuck E. Cheese’s has signed a long-term lease renewal and expansion of roughly 2,126 sq. ft. for a total of about 16,158 sq. ft. at Kendall Village Center in Kendall, Fla. To accommodate this expansion, Berkowitz Realty Group had to relocate accessory retailer Claire’s within the center.

Signing a new five-year lease, Claire’s has taken a roughly 1,059-sq.-ft. space and recently reopened on Sept. 26. As part of its expansion, Chuck E. Cheese’s will undergo a full renovation which ties into a nationwide rebranding. At Kendall Village Center, the upgrades to the family restaurant and entertainment destination will touch upon the façade, signage, seating, game room, kitchen, bathrooms, and more.

Located at 8651 SW 124 Avenue in Miami, Kendall Village Center features 276,000 sq. ft. of national and boutique local retailers in a pedestrian friendly outdoor setting and 159,000 sq. ft. of office space.

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REAL ESTATE

New Fairway Market to open in TriBeCa in 2014

BY Dan Berthiaume

New York — Fairway Group Holdings Corp., parent company of the Fairway Market grocery chain, has signed a long term lease to open a 52,242-sq.-ft .grocery in Manhattan’s TriBeCa neighborhood with commercial realtor Jack Resnick & Sons.

This store is expected to open in fall 2014. It will be the first Fairway location in Lower Manhattan and the 16th Fairway food store in the tri-state New York, New Jersey and Connecticut region.

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News

Saks boosts display compliance with Tyco RFID solution

BY Dan Berthiaume

New York — Saks Fifth Avenue was able to reach nearly 100% display compliance at its 8th floor shoe department in their flagship New York City store with the TrueVUE Inventory Display Execution application from Tyco Retail Solutions. Using a handheld RFID reader, associates can inventory shoes daily and generate an actionable report of all missing display shoes to replenish.

Previously, this process took several hours per day; up to one week to complete the entire floor; and achieved only 65% compliance. Today, counting display styles takes only 20 minutes for the entire sales floor and enables the store to maintain near perfect display compliance while allowing sales associates to focus on customer service.

“At Saks Fifth Avenue our mission is to provide an exciting selection of high fashion merchandise, and deliver exceptional service and an extraordinary shopping experience that make people look and feel their best,” said Ed Stagman, SVP Store Operations, Saks Fifth Avenue. “Our flagship women’s footwear department in New York City exemplifies this commitment. With Tyco Retail Solutions, we have proven the value of RFID technology for inventory management and merchandising and will continue to leverage the technology to improve sales, optimize merchandise and deliver on our mission.”

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