REAL ESTATE

Dick’s Sporting Goods opens in former Fortunoff location

BY CSA STAFF

White Plains, N.Y. — SRS Real Estate Partners announced Tuesday that Dick’s Sporting Goods has leased 58,750 sq. ft. at “The Source” in White Plains, N.Y.

The Dick’s Sporting Goods lease represents the first step of the redevelopment of the former Fortunoff store, directly adjacent to The Westchester Mall. “The Source” is also occupied by Whole Foods Market, The Cheesecake Factory, Morton’s, Destination Maternity and a planned Raymour & Flanigan.

The new store opened in April.

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REAL ESTATE

PREIT launches mobile app

BY CSA STAFF

Philadelphia — Pennsylvania Real Estate Investment Trust announced Tuesday that it has launched a free interactive application, available for its 40 shopping malls around the country.

Initially designed for Apple’s iPhone, the app will soon be available for the Android and Blackberry, according to PREIT.

“With the increasing popularity of smartphones, we built mobile technology so our customers can maximize their shopping and dining experiences, whether they are in a PREIT mall or virtually planning their shopping trips,” said Judy Trias, PREIT’s VP retail marketing.

The app features a store directory, interactive map, dining guide, calendar of events, movie listings and special offers and savings.

Users can personalize the app by selecting their locations and the PREIT mall closest to them, or by choosing from the list of PREIT malls by city and state.

The PREIT mall app is another element of PREIT’s social media offerings. Currently 28 of PREIT’s 40 properties have Facebook or Twitter accounts, so that shoppers can visit mall Facebook pages and follow the centers on Twitter to find instant information on retailers’ sales, special offers and upcoming events.

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REAL ESTATE

Gap to open new store in Westport

BY CSA STAFF

Westport, Conn. — SRS Real Estate Partners announced that Gap has leased 17,448 sq. ft. at 125 Main Street in Westport, Conn.

The transaction represents a consolidation of all of Gap brands (Gap, Gap Kids, Gap Baby) into one location and a new long-term commitment to downtown Westport, according to SRS.

The landmark redevelopment of 125 Main Street is well underway with Gap, a planned expansion and long-term lease renewal with Brooks Brothers Women and additional retail and boutique office space.

The project should be completed in the fall with Gap opening soon thereafter.

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