REAL ESTATE

The Foundry Big & Tall Supply Co. opens at The Centre at Preston Ridge

BY CSA STAFF

Frisco, Texas — New York City-based Centro Properties Group said that The Foundry Big & Tall Supply Co. has opened at Preston Ridge, located in Frisco, Texas.

The 5,000-sq.-ft. store is part of the new Growth Brands Division at J.C. Penney Co.

Preston Ridge is owned by Centro.

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REAL ESTATE

Fameco opens Philadelphia office

BY CSA STAFF

Plymouth Meeting, Pa. — Fameco Real Estate announced that it is opening an office in center city Philadelphia to better accommodate the growth of its clientele in the market.

Fameco said it will be fully operational in the center city office at 1425 Walnut Street in early June. Fameco partners Jeffrey Cohen, Brandon Famous and Rick Schuch will spearhead this new initiative. Together they said they are aggressively expanding the portfolio of high-profile leasing assignments while simultaneously growing the stable of center city retailers Fameco represents.

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REAL ESTATE

Forum Shops at Caesars announces more retailers, expansions

BY CSA STAFF

Las Vegas — The Forum Shops at Caesars, in Las Vegas, announced that six new stores will be opening soon, joining the 11 new stores and restaurants that have come to The Forum Shops in the past year.

The new stores include Christian Louboutin, Rimowa, Panerai, Hublot and Coach Mens – a first in Las Vegas.

“We continue to demonstrate strong sales revenue performance at The Forum Shops with an increase of 17% year to date in 2011,” said Vicki Hanor, executive VP leasing, Simon Property Group, Indianapolis. “Without question, The Forum Shops continues to effectively navigate the dynamic economic climate to create a desirable shopping landscape for consumers as well as retailers.”

Christian Louboutin, Hublot and Rimowa are all slated to open this summer. Another new store, Sephora, will open this fall.

Nike recently opened with an expansion. The new Nike Las Vegas will open in its full capacity in mid-July with a complete multi-category offering and brand experience. The store is open in a limited capacity until July.

“We are excited to be expanding Nike Las Vegas at The Forum Shops,” said Tim Hershey, VP/GM for Nike North America Retail. “Our expanded Vegas location will be an expression of Nike’s newest retail concept, delivering new and innovative consumer experiences, market tailored product offerings, community resources and the introduction of team customization services. It will be the fifth of its kind in the U.S.”

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