Eight new tenants destined for Easton Town Center
More than 50,000 sq. ft. of new shopping opportunities will soon be presented to shoppers at Ohio’s most popular retail destination.
Easton Town Center, which draws 21 million customer visits a year and houses more than 200 shopping and dining options is constantly in the process of re-curating its mix, and eight new tenants will open at the Columbus venue this year.
Opening in summer will be MAC Cosmetics with its first stand-alone location in the Buckeye State, comfort apparel retailer Soft Surroundings, Lily Pulitzer, and Condado Tacos.
Fall will see the Easton debuts of international fashion power Zara, Detroit-based watchmaker Shinola, outdoor clothing purveyor Filson, and Pea in the Bod, a boutique for expectant mothers.
Co-Developed by Steiner + Associates, The Georgetown Company and L Brands, Easton is a 1,300-acre mixed use destination that also features a power retail center known as Easton Gateway. The office park at Easton has 25,000 employees.
Easton Town Center is ranked among the top 30 highest-performing retail centers in the United States and has the highest specialty retail sales and overall volume in the state of Ohio.
Westwood acquires Trader Joe’s center
Noting that necessity-based have proven to resistant to the pressures of online retailers, Westwood Co-CEO Randy Banchik announced his company’s acquisition of The Arbors at Mallard Creek in Charlotte. Purchase price was $25.1 million.
“This asset boasts a variety of internet resistant tenants, insulating it from factors such as the rise of online shopping,” Banchik said.
Located in the University City neighborhood, where average household incomes exceed $120,000, the 55,323-sq.-ft. center is anchored by Trader Joe’s and includes tenants Petco, Massage Envy, Hickory Tavern, and Zoe’s Kitchen.
“As one of the primary retail centers in Charlotte with the only Trader Joe’s in a 10-mile radius, the asset faces limited competition and will continue to perform extremely well over time,” said Westwood’s other chief executive, Joe Dykstra.
The center is four miles from the University of North Carolina and is in close proximity to the University Research Park.
Lidl reveals more U.S. store openings; to build fourth DC
German discount grocer is expanding its presence and investment in the U.S. — on two fronts.
On the heels of its first 10 stores opening in the U.S., Lidl is expanding with more locations. On July 13, the company will open two stores in Virginia (in Chesapeake and Culpeper) and two in North Carolina (Havelock and Wake Forest).
The new openings will give Lidl 14 doors in the United States. The company plans to expand that number to 100 within the year.
“Since opening our doors two weeks ago, we have begun the journey of serving our customers with top quality products at the best possible prices every single day,” said Brendan Proctor, president and CEO of Lidl US. “We are excited to announce today that we will be bringing the Lidl experience to even more communities in Virginia and North Carolina in a few short weeks.”
In addition, Lidl announced plans to build its fourth U.S. regional headquarters and distribution center, a $100 million facility in Cartersville, Georgia. The company established its first U.S. headquarters in 2015, in Arlington County, Virginia. Since then, it has announced regional headquarters and distribution centers in Spotsylvania County, Virginia; Alamance County, North Carolina, Cecil County, Maryland and Bartow County, Georgia.
“We are excited to announce new growth and investment in our U.S. expansion” said Brendan Proctor, president and CEO of Lidl US. “Our Cartersville facility will help us efficiently deliver top quality goods to our future customers throughout the area."
“We look forward to being part of this community and thank Governor Nathan Deal, as well as local leaders, for their support throughout this process,” said Proctor.
Lidl operates more than 10,000 stores in 28 countries.