REAL ESTATE

Disney Store celebrates 25 years with new and remodeled stores

BY CSA STAFF

Pasadena, Calif. — Disney Store plans to open its interactive concept stores in more than 40 locations in 2011 the company announced today at the Global Retail Real Estate Convention in Las Vegas. The company said that by the end of 2011, it will have 60 new concept stores in 16 major markets in North America and eight countries.

In spring 2012, the original Disney Store location at the Glendale Galleria in Glendale, Calif., will be remodeled to celebrate the retail chain’s 25th anniversary. First built in 1987, the store pioneered the entertainment retail concept. The Glendale store will be just one of many planned remodels in 2012.

“The excitement from our guests has been phenomenal and we’re working diligently to open more locations in new markets,” said Paul Gainer, SVP Disney Store North America. “We want to give landlords a new retail experience that will drive return visits to their malls and give families the opportunity to experience the Disney Store magic in their local community.”

New and remodeled Disney Store locations to open throughout the fall and winter of 2011 include:

  • Disney Store’s Florida Mall location in Orlando will be remodeled this fall with the new design, and Pembroke Lakes Mall in Pembroke Pines, Fla. will open an all-new location.

  • Locations in Canada’s West Edmonton Mall in Edmonton, Alberta and Southcentre Mall in Calgary will open this fall.

  • Kenwood Towne Center in Cincinnati will receive the first newly-designed Disney Store in the state of Ohio.

  • Texas will celebrate the opening of Disney Store locations at La Plaza mall in McAllen, and Houston Galleria in Houston.

  • The first newly-designed Disney Store in Missouri will open at the St. Louis Galleria.

  • California will get two new locations this fall with stores opening in the Galleria at Roseville in Roseville, Calif. and Westfield Fashion Square in Sherman Oaks, Calif.

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REAL ESTATE

Daffy’s opens store in Bay Plaza Shopping Center

BY CSA STAFF

Bronx, N.Y. –New Rochelle, N.Y.-based Welco Realty Inc., an X Team partner, announced that Daffy’s opened its first store in Bronx, N.Y.

The retailer opened a store in Bay Plaza Shopping Center, one of the largest strip shopping centers in New York City. Welco Realty negotiated the deal on behalf of the landlord, Prestige Properties & Development Co.

Bay Plaza is a 1+-million-sq.-ft. center that features Barnes & Noble, J.C. Penney, Old Navy, Marshall’s, P.C. Richards, Kmart, Modell’s, AMC Theatres, Staples, Toys "R" Us and Babies "R" Us, among others.

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REAL ESTATE

Samuels & Co. completes 5 deals for Merlin Entertainments

BY CSA STAFF

Los Angeles –Samuels & Co. Inc. said it has recently completed five transactions for Merlin Entertainments Group, the second largest location-based entertainment company in the world which develops, owns and operates outdoor theme parks and indoor attractions.

A 33,000-sq.-ft. LEGOLAND Discovery Center opened on March 31 at Grapevine Mills Mall (owned by Mills/Simon Property Group, Inc.), Grapevine, Texas. A 30,000-sq.-ft. SEA LIFE Center aquarium will open in July 2011, directly across the hall from the LEGOLAND Discovery Center and across a plaza from the recently renovated AMC Theaters.

In Atlanta, Simon Property Group’s Phipps Plaza in Buckhead, Ga., pursued Merlin for a 32,000-sq.-ft. LEGOLAND Discovery Center, slated to open April 2012.

Another combination of LEGOLAND Discovery Center and SEA LIFE Center aquarium will open in May/June 2012 in Crown Center located in downtown Kansas City, Mo., in a former Halls Department Store building and will occupy a combined area close to 60,000 sq. ft. on two levels. Crown Center, which is an 85-acre mixed-use shopping/leisure/dinning destination, surrounds the worldwide headquarters of Hallmark Cards, Inc.

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