REAL ESTATE

Francesca’s to open at Delray Marketplace

BY Staff Writer

Delray Beach, Fla. — Indianapolis-based Kite Realty Group said that Francesca’s Collections has leased 1,200 sq. ft. at Delray Marketplace, located in Delray Beach, Fla.

The center will open November 2012 and will be anchored by Publix and Franks Theatre/Imax. The 264,823-sq.-ft. Delray Marketplace is owned by KRG Atlantic Delray Beach, LLC. Other tenants include ROC, White House | Black Market, Apricot Lane, Bobby Chan, Jos. A. Banks, Charming Charlie and Chico’s.

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Apr-12-2013 06:46 am

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Apr-12-2013 06:46 am

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REAL ESTATE

Rent-A-Center expands at University Commons

BY Staff Writer

Wilmington, N.C. — Brixmor Property Group said that Rent-A-Center recently expanded from 3,200 sq. ft. to 4,800 sq. ft. at University Commons, located in Wilmington, N.C.

Brixmor, based in New York City, is the owner of University Commons.

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REAL ESTATE

Nordstrom opens Rack store in Back Bay area

BY Staff Writer

Boston — CBRE/Grossman Retail Advisors said that Nordstrom will open a new Nordstrom Rack at The Newbry in Boston’s Back Bay neighborhood, further expanding its presence in the Boston market to four full-line stores and four Nordstrom Racks.

The approximately 38,000-sq.-ft., two-level store is scheduled to open spring 2013.

The Newbry is an urban project on Boylston Street; the new Nordstrom Rack will be located in the former Filene’s Basement space and joins co-tenants Boston Sports Club, Citigroup, H&M and Victoria’s Secret.

The Newbry is owned by TIAA-CREF and managed by CBRE/New England Partners.

“We want to be a part of the very best retail locations and The Newbry is a terrific center that serves the residents of downtown Boston, commuters and tourists,” said Geevy Thomas, president of Nordstrom Rack.

This newest Boston Rack also reflects the retailer’s strategy to increase speed and convenience to improve the customer experience. Nordstrom Rack plans to further its use of technology with the recent introduction of mobile check-out devices in all of its existing Boston locations and will open with these new capabilities in Bay Back as well.

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