REAL ESTATE

Five former Borders locations are re-tenanted

BY Staff Writer

New York City — Brixmor Property Group said Friday that four national tenants – Books-A-Million, Big Lots, Dick’s Sporting Goods and REI – will occupy former Borders locations in California, Colorado, Connecticut, Michigan and North Carolina.

“The departure of Borders opened the door for a number of our existing retailers to open more stores within the Brixmor portfolio,” said Timothy J. Bruce, executive VP, leasing and redevelopment, Brixmor Property Group, New York City. “Additionally, we are pleased to announce Brixmor’s first lease has been signed with outdoor specialist retailer REI, which is taking a 27,000-sq.-ft. former Borders location in Cary, N.C.”

Dick’s will open in a former Borders location at Esplanade Shopping Center, in Oxnard, Calif.; Big Lots will open at Arapahoe Crossings in Aurora, Colo.; Books‐A‐Million will open at Waterford Commons in Waterford, Conn., and at Grand Traverse Crossing, in Traverse City, Mich.; and REI will open at Devonshire Place, in Cary.

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REAL ESTATE

Buffalo Exchange to open at Washington, D.C.’s 14th Street corridor

BY Staff Writer

Bethesda, Md. — Retail brokerage Streetsense said Monday that Tucson, Ariz.-based fashion re-seller Buffalo Exchange will open its first store in Washington, D.C., in the first quarter of 2012.

Buffalo Exchange leased a two-level, 4,245-sq.-ft. store in the heart of the city’s 14th Street corridor. Streetsense also has been engaged to do the design and interior architecture for the store, which will be its 42nd U.S. location.

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REAL ESTATE

Jones Lang LaSalle launches cloud-based portfolio management solution

BY Katherine Boccaccio

Chicago — Jones Lang LaSalle said Monday that it has launched IntelliCommand, the industry’s first integrated building management solution that combines cloud-based, smart-building technology with a team of engineering and operations professionals to enable 24/7, real-time remote monitoring and control of facilities and portfolios worldwide.

The IntelliCommand portfolio management system leverages leading-edge technology from Pacific Controls to enable 24/7 real-time monitoring and control to deliver seamless solutions for worldwide portfolios from a central location. IntelliCommand’s continuous commissioning feature monitors performance of building systems and equipment, from HVAC to air compressors, to ensure that all systems operate at peak efficiency individually and in combination with one another, fully leveraging and integrating Jones Lang LaSalle’s robust integrated facilities management.

“IntelliCommand allows companies to achieve unprecedented gains in efficiency and productivity across their portfolios that show up on the bottom line,” said Chris Browne, international director of integrated facilities management at Jones Lang LaSalle. “With the advent of so many innovative technological breakthroughs — from cloud computing to robotics — the real estate industry is beginning to take notice of smart-building potential. IntelliCommand is one of the first solutions to fully leverage this power.”

The solution is designed to minimize business disruption, increase the lifespan of equipment, and mitigate risk, but “it also contributes to the success of the business by improving employee comfort, satisfaction and productivity,” said Browne.

IntelliCommand is powered via several command centers located across the globe that extract data from the Building Automation Systems (BAS) of buildings. This data is then analyzed through algorithms to spot trends, patterns and anomalies. Using this information, the IntelliCommand team then diagnoses and resolves any issues in real-time, 24/7, using Jones Lang LaSalle’s IFM platform, or the issue is resolved remotely and operations are fine-tuned for optimal performance through proactive and continuous monitoring.

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