REAL ESTATE

Dick’s Sporting Goods opens at The Fountains

BY CSA STAFF

Beachwood, Ohio — Developers Diversified Realty Corp. announced the opening of Dick’s Sporting Goods at The Fountains, a completely redeveloped 477,343-sq.-ft. community shopping center located in Plantation, Fla.

Dick’s Sporting Goods joins Kohl’s, which opened in 2009, as one of the first new tenants at the redeveloped center. In addition, Jo-Ann fabric and craft stores will open a 20,000-sq.-ft. store and Lime Fresh Mexican Grill will open a 2,160-sq.-ft. restaurant early in 2011. The center also features Marshalls and HomeGoods and is 93% leased.

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STORE SPACES

Regency Centers scores high in Southeastern Corporate Sustainability Rankings

BY CSA STAFF

Jacksonville, Fla. — Shopping center owner and developer Regency Centers announced Tuesday it has been ranked in the top quintile of 280 publicly traded companies headquartered in the Southeastern U.S. for its environmental, social, and governance factors and policies.

Regency received the honor as part of the first annual Southeastern Corporate Sustainability Rankings performed by Boston-based KLD Research and Analytics.

“We’re extremely pleased to be included in an impressive list of publicly traded companies committed to corporate sustainability,” said Brian Smith, Regency’s president and COO. “Moving forward, we will strive to continue our leadership position in our industry as we explore even better ways to incorporate sustainability into our operations.”

KDL developed the custom regional ranking methodology for GreenBusiness Works, an Atlanta-based organization dedicated to creating awareness and providing education to businesses and industry regarding corporate sustainability. The companies are ranked into five statistical groupings, or Quintiles, with those in the first Quintile scoring best and those in the fifth scoring worst.

Regency currently owns 399 retail properties, including those held in co-investment partnerships. Including tenant-owned square footage, the portfolio encompasses 53.1 million sq. ft.

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OPERATIONS

Levi’s, Wal-Mart and Gap top supply chain compliance survey

BY CSA STAFF

San Francisco — Levi Strauss and Co., Wal-Mart Stores, The Gap, Hanesbrands, Nordstrom, and Gildan Activewear scored highest on survey of global supply chain compliance programs of U.S. apparel brands and retailers released Tuesday by corporate responsibility group As You Sow.

The survey, "Towards a Safe, Just Workplace: Apparel Supply Chain Compliance Programs," features a scorecard and report that provides for the first publicly available comparable baseline data to evaluate the compliance programs of many of the top apparel companies doing business in the United States. The project was designed to provide information on the substance and scope of programs developed to improve factory working conditions.

The report ranks the resources allocated and actions companies are employing on key compliance actions such as factory auditing, remediation, continuous improvement, collaboration, company management accountability, and transparency.

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