REAL ESTATE

Dollar Tree to open at Rose Pavilion, Ridgeview Centre

BY Katherine Boccaccio

New York — Brixmor Property Group announced that Dollar Tree has opened an 8,000-sq.-ft. store at Rose Pavilion, in Pleasanton, Calif., and will open a 9,000-sq.-ft. store at Ridgeview Centre, in Wise, Va.

Brixmor Property Group, based in New York City, owns both Rose Pavilion and Ridgeview Centre.

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REAL ESTATE

Aeropostale to open two concepts at South Bay Galleria

BY Katherine Boccaccio

South Bay, Calif. — South Bay Galleria marketing manager Sherilyn Haddon announced that the Los Angeles County mall will add three new stores to its list of retailers, including Aeropostale and P.S. From Aeropostale.

Tutti Frutti yogurt will also open at the mall.

The P.S. From Aeropostale store will be directly connected to the new Aeropostale store; both are slated to open in May 2013. Tutti Frutti is expected to open at Center Court in March 2013.

South Bay Galleria in Redondo Beach, Calif., encompasses nearly one million sq. ft. over three levels, and is anchored by Nordstrom, Macy’s, Kohl’s and AMC South Bay Galleria 16.

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REAL ESTATE

Phillips Edison-ARC acquires Publix-anchored center

BY Katherine Boccaccio

Atlanta — Cincinnati-based Phillips Edison–ARC Shopping Center REIT has announced the acquisition of Macland Pointe, a 79,699-sq.-ft. shopping center anchored by a Publix grocery store and located in the Greater Atlanta, Georgia Metro Area.

The acquisition of Macland Pointe brings the company’s total portfolio to 34 properties anchored by 13 grocers in 15 states.

Macland Pointe is 92.8% occupied and anchored by a 55,999-sq.-ft. Publix.

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