REAL ESTATE

Flip Flop Shops signs 100th franchise agreement

BY CSA STAFF

Atlanta — Sandal retailer Flip Flop Shops announced Thursday it has signed its 100th franchisee agreement for a new store to be located in Universal Studios, Calif. The store will be followed by openings in Santa Monica and Las Vegas.

The announcement follows recent news about the growing chain’s master franchise deal for Canada, which will see units open across the country.

Since launching its franchise program in 2008, Flip Flop Shops has opened 40 shops throughout the United States, Canada, Guam and the Caribbean. More than 60 shops are currently in development, and the company has announced a global expansion strategy calling for 236 locations to open by 2013.

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REAL ESTATE

Jos. A. Bank opens at Southcenter Plaza

BY CSA STAFF

Tukwila, Wash. — Jacksonville, Fla.-based Regency Centers said it has leased retail space in Tukwila, Wash., at Southcenter Plaza to Jos. A. Bank.

Jos. A. Bank has leased 4,075 sq. ft., bringing the center to 97% leased, and is currently open for business.

The 170,000-sq.-ft. shopping center is anchored by a 112,000-sq.-ft. Target alongside national retailers such as Performance Bicycle, Super Cuts, Starbucks, Burger King and Quiznos.

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Chipotle to open at Elston Plaza

BY CSA STAFF

Chicago — Oakbrook Terrace, Ill.-based Mid-America Asset Management said that Chipotle Mexican Grill, along with Clearly Cares Dental, have recently signed leases at Elston Plaza in Chicago.

Denver-based Chipotle Mexican Grill, which leased 2,405 sq. ft., plans to open a restaurant in third quarter 2011. Clearly Cares Dental signed a lease for 1,500 sq. ft. with plans to open this summer.

Elston Plaza is a 91,713-sq.-ft. Jewel/Osco-anchored shopping center in northwest Chicago.

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