REAL ESTATE

Fifteen J.C. Penney outlet stores acquired by SB Capital

BY Katherine Boccaccio

Columbus, Ohio — SB Capital Group, a Schottenstein affiliate, said Monday it has acquired 15 J.C. Penney Outlet Stores from J. C. Penney Co., and will rebrand the units as JC’s 5 Star Outlet.

According to SB Capital, the stores will operate for up to a 21-month transitional period as J.C. Penney Outlet Stores, as the stores are converted to JC’s 5 Star Outlet. J.C. Penney will continue to supply the stores with overstocks and end-of-season merchandise, and all existing store staffs and management have been retained.

Longtime J.C. Penney Outlet Store Division head Glen Gammons will serve as CEO of JC’s 5 Star Outlet.

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REAL ESTATE

City Furniture launches expansion program

BY CSA STAFF

Miami – City Furniture has launched a $17.5 million expansion program to construct or renovate five stores from Miami to West Palm Beach, beginning with the major renovation of its Dadeland store in Pinecrest. The program calls for three store openings during 2012.

“We’re confident in South Florida’s future,” said Keith Koenig,president, City Furniture. “We’ve been acquiring properties for this expansion for the last few years, and while it may seem we’re going against the economic tide, the timing is right. We’re seeing increases in year-over-year sales, plus well-timed opportunities to dramatically increase sales at proven locations.”

Each store in the expansion is being designed to achieve LEED (Leadership in Energy and Environmental Design) certification from the U.S. Green Building Council.

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Wegmans opens first Massachusetts store; evokes rural theme in design

BY Marianne Wilson

New York City — Wegmans Food Markets has opened its first location in Massachusetts, in the town of Northborough. The 138,000-sq.-ft. store, the largest supermarket in New England, has a warm, welcoming feel.

“As you approach the store,” said Corinne Chiogna, who headed Wegmans’ design team’s effort, “there’s a rooster-themed weathervane atop a cupola in the center of a gabled roof. It’s a reminder of food’s roots in agriculture. The stonework on the face of the building, the diagonal bracing, and soft neutral colors with red accents on the roof make you think of a barn in the countryside. We chose traditional rather than trendy themes because we wanted everyone to feel comfortable in this space.”

Rural landscapes are echoed indoors, too, but with light, fun touches. As one enters the store, a hand-painted mural over the Coffee Bar is a rendering of Wegmans’ Organic Farm located on the edge of Canandaigua Lake, in the heart of New York’s Finger Lakes region. Every half hour, the barn door in the mural opens, the sun lights up, and a crowing rooster pops out of the three-dimensional barn anchored in the mural.

Approximately one-third of the space is devoted to prepared foods, with another 15,000 sq. ft. for a liquor department and a 300-seat cafe. The giant store features 70,000 products and some 30 checkout lanes.

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