REAL ESTATE

DSW to accelerate 2012 store openings to 35-40

BY Katherine Boccaccio

Columbus, Ohio — DSW Inc. said Tuesday it will open between 35 and 40 stores in 2012, up from an initial plan of 15 to 20 new stores this year.

The footwear and accessories retailer also raised its annual earnings guidance.

“The expansion of our footprint into new and existing markets is a key growth initiative for us,” said Mike MacDonald, president and CEO, DSW Inc.

The majority of the new stores are slated to open in the second half of 2012, according to the company.

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REAL ESTATE

Nordstrom Rack to open in Tysons Corner, Va.

BY Staff Writer

Seattle — Nordstrom plans to open a Nordstrom Rack in Tysons Corner, Va. The approximately 42,000-sq.-ft., two-level store is scheduled to open during fall 2012.

Nordstrom Rack will open in the former Filene’s Basement space and join tenants Morton’s Steakhouse, Bertucci’s restaurant and Bank of America in a 215,000-sq.-ft. mixed-use project. The project is owned by Rocks Tysons Two LLC and managed by Allen & Rocks, Inc. with KLNB Retail handling leasing.

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P.Lopez says:
Apr-10-2013 01:29 pm

The project is owned by Rocks Tysons Two LLC and managed by Allen & Rocks, Inc. with KLNB Retail handling leasing. chatrandom

P.Lopez says:
Apr-10-2013 01:29 pm

The project is owned by Rocks Tysons Two LLC and managed by Allen & Rocks, Inc. with KLNB Retail handling leasing. chatrandom

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Forest City Ratner names retail group exec

BY Staff Writer

New York City — Forest City Ratner Cos. announced that Kathryn Welch has been named retail group senior VP.

With 26 years of collective experience working with both New York City-based FCRC and its Cleveland-based corporate parent Forest City Enterprises, Welch now will assume oversight of all of FCRC’s retail projects. This includes retail properties under development as well as the company’s entire retail operating portfolio in the New York Metropolitan area.

Notably, she will lead the completion effort of the high-profile Westchester’s Ridge Hill, a 1.3-million-sq.-ft. mixed-use open-air shopping center in New York.

For the past two years, Welch has played a lead role in retail leasing at Westchester’s Ridge Hill, and in her new position, the completion of leasing at Ridge Hill will continue to be a focus of her activity.

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