REAL ESTATE

Glimcher elects two new board members

BY Michael Fickes

Columbus, Ohio — Glimcher Realty Trust has announced that its Board of Trustees has elected Yvette McGee Brown, Esq. and Nancy J. Kramer to serve as trustees on the Board, effective Dec. 12. McGee Brown and Kramer are eligible to be nominated for re-election to the Board at the company’s 2014 Annual Meeting of Shareholders.

McGee Brown is a partner with the international law firm of Jones Day in its Columbus, Ohio, office and specializes in business and tort litigation. McGee Brown joins the Board after a distinguished career in judicial and public service. She was the first African-American female justice on the Ohio Supreme Court, the founding president of the Center for Child and Family Advocacy at Nationwide Children’s Hospital, and a judge on the Franklin County Court of Common Pleas. McGee Brown is an active community leader and has been recognized as an inductee into the Ohio Women’s Hall of Fame, a YWCA Women of Achievement, and a recipient of The Ohio State University Distinguished Service Award.

Kramer is the founder and chairman of Resource, a nationally recognized leader in digital marketing. Kramer brings to the Board her extensive experience working with notable retail clients, such as Apple, Nestlé, Proctor and Gamble, Sherwin-Williams, and Victoria’s Secret. Kramer is also a well-respected author and has been honored as one of the 100 Most Influential Women in Advertising by Advertising Age. Resource is based in Columbus, Ohio, with offices in Chicago, San Francisco, and Cincinnati. Kramer is a member of The Wexner Center Foundation Board of Trustees, The Columbus Partnership, the Advancement Committee of the Board of Trustees of The Ohio State University, and chairperson of The Wellington School Board of Trustees.

Additionally, in conjunction with the elections of McGee Brown and Kramer, three incumbent Board members, Richard F. Celeste, Wayne S. Doran, and Alan R. Weiler, formally informed the company that they will not stand for re-election at the annual meeting.

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REAL ESTATE

RadioShack opens concept store in Virginia Dec. 14

BY Dan Berthiaume

Fort Worth, Texas — RadioShack will open its newest Fairfax, Va. location as a concept store on Dec. 14. The new store is the first concept store in this area.

All concept stores in the company’s portfolio feature an upgraded shopping experience, which showcases the company’s new look, and incorporates interactive areas designed to help shoppers improve their technology profile. Some features include:

  • A speaker wall where customers can shop and compare 13 different speakers using music installed on in-store tablets;
  • Interactive displays that enable shoppers to find and compare products, including headphone demo stations; a remote control (RC) toy exploration center; and a GoPro camera display;
  • Technology that makes shopping interesting and playful, like touch-screens and apps that help shoppers understand the benefits of products;
  • Newly configured displays highlighting in-demand brands; and
  • A Do-It-Yourself area where consumers can plan projects.

RadioShack is opening a select number of these experiential stores in neighborhoods throughout the nation. The Fairfax location is one of more than a dozen concept stores to open since the company began converting to such stores. By the end of 2013, RadioShack will have more than 100 concept and brand statement stores open and will have made improvements to nearly all 4,300 stores throughout the nation.

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Belk to Juban Crossing in Livingston Parish, La.

BY Michael Fickes

Charlotte, N.C. — A 75,000-sq.-ft. Belk will anchor the Juban Crossing lifestyle center in Livingston Parish, La., in the fall of 2014. Construction of the $7 million store will begin in February.

The 75,000-sq.-ft. building will feature a clean, contemporary exterior design reflecting Belk’s modern southern style brand and colors. The store’s exterior entrance will have a bold look with a sleek canopy clad in blue metal. A large monolithic black granite slab will provide a backdrop for Belk’s colorful multi-petal logo sign. The vestibule and entrance will be accented with natural stone. In addition, custom landscaping and seating areas will complement the entrance.

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