REAL ESTATE

DDR rolls out additional centers with Tesla Supercharger

BY Katherine Boccaccio

Beachwood, Ohio — Shopping center owner DDR Corp. has installed the third Tesla Supercharger station in its portfolio; the newest Supercharger station is located at Hamilton Marketplace in Hamilton, New Jersey, and represents the third state where a flagship Supercharger station has been activated at a DDR shopping center, following Virginia and Ohio.

Based on current conversations, the relationship could expand to several more locations across the country by year-end, according to DDR.

"We are very proud of our relationship with Tesla and look forward to expanding our involvement across the country as Tesla seeks to broaden its charging network," said Joe Tichar, senior VP of corporate operations for DDR.

Hamilton Marketplace is a 1-million-sq.-ft. power center anchored by Walmart, Kohl’s, BJ’s, Lowe’s, Ross Dress for Less, Bed Bath & Beyond, PetSmart, Michaels, Old Navy, and Pier 1 Imports.

Tesla Superchargers allow Model S owners to recharge their vehicles free of charge while traveling between cities along major highways in North America. Supercharger stations are strategically placed to enable owners to drive from station to station with minimal stops, and are conveniently located near amenities including roadside diners, cafes, and shopping centers.

In addition to the Tesla Superchargers, DDR has also installed four Volta charging stations in Arizona that accommodate a variety of electric vehicles from various manufacturers.

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FINANCE

Tractor Supply Co. posts strong Q1; on track to open 100+ stores this year

BY Katherine Boccaccio

Brentwood, Tenn. — Tractor Supply Co. reported an 11% rise in profit for the quarter ended March 29, to $48.8 million from $44 million last year.

Revenue rose 9% to $1.18 billion, and same-store sales increased 2.2% versus a 0.5% increase in the prior year period.

For the full year, the company said it expects capital expenditures to range between $240 million and $250 million, including spending to support 102 to 106 new store openings and construction of the new Store Support Center to open in 2014.

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REAL ESTATE

Leslie’s Poolmart opening 20 stores this week

BY Katherine Boccaccio

Phoenix — Leslie’s Poolmart, Inc. said it will grand-open 20 retail locations throughout the U.S. on April 25; stores will open in Alabama, Illinois, Indiana, Louisiana, Maryland, Missouri, Mississippi, North Carolina, New York, Ohio, Oklahoma, Pennsylvania, Tennessee, Texas, and Virginia.

In total, Leslie’s plans to open 45 new stores this year, between April and May of 2014.

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