REAL ESTATE

Daiso opens eleventh Bay Area store

BY Staff Writer

Alameda, Calif. — Japanese discounter Daiso has opened its eleventh Bay Area location – a pop-up store – at Alameda South Shore Center, a shopping center owned by Jamestown.

The new 1,400-sq.-ft. shop will open for an initial period of three months.

Jamestown provides temporary, vanilla-shelled space, for pop-up and other short-term tenants as part of its philosophy of creating opportunities for tenants with unique and time-sensitive requirements. The finished storefronts include new drywall and paint, as well as restrooms and utilities, to allow for immediate occupancy.

Earlier this year, Jamestown leased 15,535 sq. ft. of pop-up space at Alameda South Shore Center to Spirit Halloween for its holiday store. Spirit helped attract significant additional traffic to the property during the Halloween season, benefitting the center’s entire retail community.

“If we see people like our store, we will stay long-term and move into a bigger location in the mall,” Daiso California’s senior VP Yoshihide Murata said.

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OPERATIONS

Callison acquires Barteluce Architects

BY Staff Writer

New York City — Global architecture and design firm Callison announced Friday the acquisition of New York City-based Barteluce Architects & Associates.

This acquisition will grow Callison’s New York team to over 75 architects. Since Jan. 1, 2011, Callison has added more than 200 professionals to its global offices and the company said it plans to make more strategic acquisitions and investments in the future.

Key Barteluce clients include Burberry, Chanel, Cartier, Polo Ralph Lauren, Tiffany & Co., Wynn and other high-end luxury retail companies.

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REAL ESTATE

Walmart Market to debut near Atlanta

BY Staff Writer

Tarrytown, N.Y. – DLC Management Corp. announced a new deal signed with Wal-Mart Stores to open a 44,271-sq.-ft. Walmart Market at DLC’s Bethesda Walk Shopping Center in Lawrenceville, Ga.

The deal, which was finalized on November 21, marks the grocery-only concept’s first store in the Atlanta metro area.

A multi-million dollar renovation is planned for the interior and exterior of the space, formerly a Publix supermarket which closed in February 2009. The new lease signing has revitalized this community shopping center, generating much new interest in the available inline spaces and raising the occupancy rate by nearly 65%. Walmart Market plans to open in spring 2012.

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