OPERATIONS

Flooring products manufacturer launches retail franchise division

BY Dan Berthiaume

Avon, Mass. – SelecTech, Inc., a provider of flooring products made from recycled materials, is launching a retail/franchise division. Based out of the company’s corporate headquarters in Avon, Mass., the new division will feature customer service and marketing representatives specifically dedicated to retail and franchise customers with multiple locations.

Eastern Mountain Sports (EMS) is one of SelecTech’s recent retail customers. EMS wanted an attractive and comfortable floor for its shoe department to provide customers with the proper setting for selecting new shoes. EMS chose SelecTech’s FreeStyle flooring.

“Uniformity is one of the benefits of chains and franchises,” said Thomas Ricciardelli, president of SelecTech Inc. “You want the customer to have the same experience no matter which location they visit. That goes from the way they are greeted to the look and feel of the store. In addition to utilizing a breakthrough interlocking technology that minimizes installation materials and down time, our flooring products are easy to customize for multi-location organizations.”

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REAL ESTATE

REI to open two Columbus, Ohio, stores next year

BY Michael Fickes

Seattle — Next fall, REI will open a 23,000-sq.-ft. store at Sun Center in Columbus, Ohio. That store will join a previously announced 23,400-sq.-ft. REI slated to open in the spring at Easton Gateway. The retailer opened its first Ohio store in Cincinnati in 2012.

REI is the nation’s largest consumer cooperative with 5.1 million active members and 132 stores.

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REAL ESTATE

Stirling and JCH acquire land for New Orleans center

BY Michael Fickes

Covington, La. — Stirling Properties and JCH Development have closed on land acquisition and development financing for Magnolia Marketplace, a 106,000-sq.-ft. shopping center in New Orleans at the intersection of South Claiborne Avenue and Toledano Street. First NBC Bank of New Orleans provided financing for the project.

Stirling and JCH previously announced the 6,000-sq.-ft. initial phase of the problem. Capital One Bank is currently open in that building. T-Mobile and a proposed national sandwich shop are slated to open in early 2014.

When the project opens in the spring of 2015, the tenant list will include Ross Dress For Less, T.J.Maxx, Michaels, PetSmart, Shoe Carnival, Ulta Beauty and Raising Cane’s. The project is 100% pre-leased. The developers expect to break ground in January.

Stirling’s recent projects in New Orleans include Mid-City Market, a 108,000 square-foot Winn-Dixie anchored shopping center located at North Carrollton Avenue and Bienville Street, as well as the full renovation of the former American Legion building located on Magazine Street into a new 13,000-sq.-ft. Walgreens Marquee Store. Since 2011, Stirling has invested over $120 million in the City New Orleans.

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