REAL ESTATE

Fresh & Easy opens store with eco-friendly CO2 refrigeration system

BY CSA STAFF

El Segundo, Calif. Fresh & Easy Neighborhood Market on Wednesday opened the first grocery store in Southern California to use naturally occurring carbon dioxide (CO2) refrigeration. The store, located in Rosemead, Calif., is Fresh & Easy’s first to be GreenChill certified.

Fresh & Easy’s sub critical cascade CO2 refrigeration system, which is one of only four in the United States, reduces the impact of the store’s refrigeration on the ozone layer by about 70%, as compared with industry standards. By utilizing a natural refrigerant, the system has an approximately 50% lower global warming potential than traditional refrigerants.

Fresh & Easy’s partners on the project included Kysor/Warren, Columbus, Ga., the equipment manufacturer and designer of the system, and Source Refrigeration & HVAC, Anaheim, Calif., which handled store specific engineering and installation. Verisae, Minn., provided the energy management system controlling the system and its software will be used to help Fresh & Easy track energy use and operating costs.

The store also earned a silver certification award from the U.S. Environmental Protection Agency’s (EPA) GreenChill Partnership by meeting tough benchmarks for cutting emissions that harm the earth’s protective ozone layer and contribute to global warming. Fewer than 40 of the nation’s 35,000 grocery stores have received GreenChill Store Certification awards.

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REAL ESTATE

Cole acquires major portion of Manchester Highlands Shopping Center

BY CSA STAFF

Manchester, Mo. St. Louis-based developer Pace Properties has sold a major portion of Manchester Highlands shopping center, in Manchester, Mo., to Phoenix-based Cole Real Estate Investments for $48.5 million.

The acquired assets include 29 acres occupied by a Wal-Mart Supercenter plus a group of junior anchor and in-line space totaling 136,000 sq. ft. The center is 98% leased.

Pace retains ownership of two new retail buildings hosting a combined 12,000 sq. ft. located on the northern end of the shopping center, as well as two undeveloped out-lots totaling three acres east of Manchester Highlands Drive.

Pace will continue to manage and lease Manchester Highlands.

Pace opened the first phase of Manchester Highlands in late 2008. Major tenants complementing Wal-Mart include Best Buy, PetSmart, Bed Bath & Beyond, Ulta Salon and Carters Children’s Wear. Additionally, a Costco Warehouse Club owned by Costco is on the Manchester Highlands site.

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Bed Bath & Beyond to open in former Linens ’N Things space

BY CSA STAFF

Vienna, Va. Chevy Chase, Md.-based JBG Rosenfeld Retail said it has finalized a deal with Bed Bath & Beyond for a 56,500-sq.-ft. space in Vienna, Va., that was formerly home to Linens ’N Things.

The new Bed Bath & Beyond, located in the heart of the Tysons Corner area, is a relocation space for the retailer and will open during the fourth quarter of this year.

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