Coyote Management announces new strategic divisions
Addison, Texas — Coyote Management has announced the addition of three new strategic divisions — a Third Party Management Division, Coyote Creative, and MER Interests.
The Third Party Management division, said Coyote, will offer a hands-on approach to leasing, marketing, construction and development services. The marketing solutions company, Coyote Creative, is led by Kymberley Scalia, Coyote’s corporate director of marketing, and will provide event planning, media buying, public relations, branding, social media and web management, leasing and specialty leasing materials, trade area and market share analysis and business plan development and implementation.
MER Interests, led by Coyote chairman and CEO Michael Rulli, is a consulting group providing management, retail development, marketing and advisory services to the shopping center industry.
Sawgrass Mills to break ground on expansion
Sunrise, Fla. — Indianapolis-based Simon Property Group announced that Sawgrass Mills, the largest outlet, value retail and entertainment destination in the United States with more than 350 stores, will soon break ground on its newest phase of development to increase the footprint of The Colonnade Outlets at Sawgrass Mills.
This milestone also represents the soon-to-be-completed 140,000-sq.-ft. retail expansion of the south side of the property.
The 40,000-sq.-ft. expansion of The Colonnade Outlets at Sawgrass will be located across from the existing retail structure by late 2012.
The 140,000-sq.-ft. retail expansion to the south side of the property will allow for more retailers to open this summer, including South Florida’s first outlet location from Steve Madden, plus Columbia Sportswear Outlet and Volcom. Other brands such as Forever 21 and Calvin Klein will relocate and undergo expansions to be in this new wing.
The retail surge at Sawgrass Mills will also add a second location from Michael Kors, a Bare Minerals, and the expansion of Levi’s Outlet Store. Talbot’s, Greg Norman and Old Navy, as well as a California Pizza Kitchen, will open at The Oasis at Sawgrass Mills.
T.J. Maxx to open new location at Southbury Plaza
Southbury, Conn. — Real estate firm RHYS Commercial announced that T.J. Maxx has signed a long-term lease to open a 22,000-sq.-ft. store at Southbury Plaza, located in Southbury, Conn.
Southbury Plaza, owned by Gatto Development Corp., is a 300,000-sq.-ft. shopping center anchored by Stop & Shop Supermarket, Kmart and Panera Bread.