REAL ESTATE

Fairfax, Virginia, project receives entitlements

BY Michael Fickes

Washington, D.C. — The Fairfax, Virginia, City Council has approved a rezoning application for Combined Properties’ Fairfax Circle Plaza. The project aims to redevelop the current strip retail center and replace it with a mixed-use development with up to 400 new apartments and 88,000 sq. ft. of retail including a grocery store.

The project is located at the intersection of two major routes just over a half mile from the Vienna, Virginia, Metro station.

The project team includes KTGY, the architect; Urban Engineering, the civil engineer; Land Design, the landscape architect; Gorove Slade, the traffic engineer; and Mark Looney of Cooley LLP, the land use counsel.

Combined Properties, Incorporated has a $1 billion portfolio comprised of 40 properties totaling five million sq. ft. and an additional $1 billion development pipeline in the Washington D.C., and Southern California metropolitan areas.

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REAL ESTATE

Trademark appoints Toppel executive VP

BY Michael Fickes

Fort Worth, Texas – Trademark Property Co. has named Steven W. Toppel to the post of executive VP. Toppel will begin his new role June 3.

With more than 28 years of experience in commercial real estate, Toppel will oversee leasing for Trademark’s portfolio of lifestyle centers, malls, and mixed-use developments.

He joins Trademark after 13 years with General Growth Properties, where he served as senior director of leasing. Prior experience includes director of leasing for The MGHerring Group/Trammell Crow Faison and senior leasing representative for Clarion Realty Services in Dallas.

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REAL ESTATE

Express to enter South Africa

BY Dan Berthiaume

Columbus, Ohio – A subsidiary of Express Inc. has entered into a franchise agreement with Edcon Group, a retail franchise operator in South Africa, to bring the Express brand to South Africa. The Express brand is expected to launch as a store-in-store concept at select Edgars department stores by the end of 2014 with standalone Express store locations to open in 2015.

Express has identified international expansion as one of the company’s four pillars of growth and a significant long-term revenue opportunity for the company.

"We are thrilled that the Express brand is going to be in South Africa, representing an exciting next step in our international expansion strategy,” said Michael Weiss, chairman and CEO of Express. “It’s a terrific market in terms of having a customer base our brand should resonate with. We are grateful to be working with Edcon to make it happen."

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