Forest City Ratner names retail group exec
New York City — Forest City Ratner Cos. announced that Kathryn Welch has been named retail group senior VP.
With 26 years of collective experience working with both New York City-based FCRC and its Cleveland-based corporate parent Forest City Enterprises, Welch now will assume oversight of all of FCRC’s retail projects. This includes retail properties under development as well as the company’s entire retail operating portfolio in the New York Metropolitan area.
Notably, she will lead the completion effort of the high-profile Westchester’s Ridge Hill, a 1.3-million-sq.-ft. mixed-use open-air shopping center in New York.
For the past two years, Welch has played a lead role in retail leasing at Westchester’s Ridge Hill, and in her new position, the completion of leasing at Ridge Hill will continue to be a focus of her activity.
Jones Lang LaSalle to lease and manage Regency Square Mall
Richmond, Va. — Atlanta-based Jones Lang LaSalle said Thursday that it has been selected as the property and leasing manager for Regency Square Mall, an 820,000-sq.-ft. regional shopping center located in Richmond, Va.
Jones Lang LaSalle will work with the current Taubman management team for a one-month transition period.
Anchored by Macy’s (two locations), J.C. Penney and Sears, the mall also features Aldo, Charming Charlie, Sephora and XXI Forever, as well as Texas de Brazil Steakhouse, Wings-Pizza-N-Things restaurant and an extensive Food Court.
Trader Joe’s to open at Patriot Place
Foxborough, Mass. — Trader Joe’s announced plans to open a new grocery store at Patriot Place, located in Foxborough, Mass., in 2012.
The 16,000-sq.-ft. store will be Trader Joe’s 18th Massachusetts location, and the only within a 15-mile radius of Foxborough. Trader Joe’s has leased existing space in Patriot Place’s South Marketplace between Christmas Tree Shops and Staples.
Patriot Place is a shopping, dining and entertainment destination located adjacent to Gillette Stadium, and featuring large and boutique retailers, 17 restaurants and other nightlife venues. Among Patriot Place’s highlights are New England’s first Bass Pro Shops, a 14-screen Showcase Cinema De Lux, CBS Scene Restaurant & Bar, Toby Keith’s I Love This Bar & Grill, the award-winning Hall at Patriot Place presented by Raytheon, a Brigham & Women’s/Mass General Health Care Facility, and a four-star Renaissance Hotel & Spa.