REAL ESTATE

CSA columnist Jeff Green: Do medical uses belong in retail centers?

BY CSA STAFF

In his newest column, Retail Rap with Jeff Green, Chain Store Age columnist Green examines the early uptick in medical users in retail centers and questions why the trend has apparently stalled.

Click here to read his latest editorial.

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REAL ESTATE

Tanger Outlet Centers and Simon form JV to open new outlet center

BY Katherine Boccaccio

Houston — Greensboro, N.C.-based Tanger Factory Outlet Centers and Indianapolis-based Simon Property Group announced Thursday that they have entered into a 50/50 joint venture agreement to develop a Tanger Outlet Center south of Houston, in Texas City.

Phase I is slated for 350,000 sq. ft. of brand name and designer outlet stores; the 55-acre site is expected to accommodate future expansion of about 120,000 sq. ft.

Tenant announcements and ground breaking ceremonies are slated for July; the center is scheduled to open in summer 2012.

The joint venture will be co-owned by Tanger and Simon and will be branded as Tanger Outlets. Simon will provide site development, construction supervision, and asset management to the venture; Tanger will provide management services and marketing to the joint venture. Both companies will provide leasing services.

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REAL ESTATE

Nike opens concept store at Forum Shops

BY Staff Writer

Las Vegas — Nike announced Thursday that its new 30,000-sq.-ft. concept store, an expanded iteration of the original, will open in July at The Forum Shops at Caesars, in Las Vegas.

The expanded location will deliver new customer experiences, market-tailored products, community resources and the introduction of team customization services, according to Nike.

The NIKEiD customization solution for apparel will be joined by such features as runner’s services involving Nike+ technology that allows runners to track their distance, pace, calories and more, along with new iMac stations, iPod charging docks and wireless connectivity to allow runners to sync up their run at NikePlus.com.

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