REAL ESTATE

Forever 21 to open big in Miami Beach

BY CSA STAFF

New York City — Fast-fashion retailer Forever 21 will open a three-level, 39,000-sq.-ft. store in Miami Beach, Fla., Women’s Wear Daily reported.

The store, scheduled to open this fall, will be located on Lincoln Road. Also heading to Lincoln Road is H&M, which plans to open a 22,000 sq. ft. in the pedestrian mall.

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REAL ESTATE

Aaron’s partners with Buxton for expansion strategy

BY CSA STAFF

Fort Worth, Texas — Aaron’s has formed a partnership with Buxton, a customer analytics firm, to assist with the retailer’s market expansion and analytics strategy.

“Our partnership with Buxton gives Aaron’s the capability to define optimal custom territories and identify the trade areas and markets where expansion would be the most profitable for us,” said Josh Newman, senior director of real estate for Aaron’s, which operates 1,814company-owned and franchised stores in 48 states. “We are also focusing on our existing network of stores to understand how we can optimize those markets where we already have brand presence.”

As part of this alliance, Aaron’s joins a growing list of organizations utilizing Scout, a web-based site selection and management application developed by Buxton. Scout can be used as a pre-screening tool for real estate location decisions and a comprehensive site management system.

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Modell’s to open smaller concept store at Interstate Shopping Center

BY CSA STAFF

Ramsey, N.J. — Welco Realty, an X Team partner, announced that it has signed a lease with Modell’s Sporting Goods for its new smaller-concept store, the retailer’s first in New Jersey.

The store is approximately 8,551 sq. ft., about half its standard size. Modell’s first small-format store opened on Amsterdam Avenue in Manhattan.

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