REAL ESTATE

Francesca’s is fastest-growing apparel chain

BY Marianne Wilson

New York — Analysts project that Francesca’s, a junior apparel and accessories retailer, will have the retail industry’s fastest rates of growth during the next three years, Bloomberg reported.

Francesca’s plans to expand to 900 stores, or double its current store count, in the next seven years. The chain is projected by analysts to grow sales by 80% during the next three years, faster than any other apparel retailer, according to the report.

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J.Golio says:
Sep-04-2013 07:51 pm

I have to give them credit. Francesca's has the look and feel of a locally owned Boutique. No one believes they are a big company with over 400 stores. Good job!

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REAL ESTATE

Best Buy renews at Aventura Commons

BY Michael Fickes

Aventura, Fla. — Best Buy has signed a long-term lease renewal for 45,729 sq. ft. at Aventura Commons in Aventura, Fla., according to the Berkowitz Development Group, the landlord.

Other national tenants in the 267,000-sq.-ft. center include Target, Whole Foods, PetSmart and Ulta.

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Gander Mountain to Bayport Commons in Oldsmar, Fla.

BY CSA STAFF

New York — Kite Realty Group has signed Gander Mountain into a 30,045-sq.-ft. space at Bayport Commons in Oldsmar, Fla., a northwest suburb of Tampa. CBRE represented Gander Mountain in the transaction.

A Super Target, Michaels and PetSmart. Anchor the 276,918-sq.-ft. center. About 64,400 people live within a three-mile radius of the center. The estimated average household income is $71,200.

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