REAL ESTATE

Golden Triangle Mall acquired, to be redeveloped

BY Staff Writer

Dallas — GTM Development, a limited partnership created by The MGHerring Group and Cencor Realty Services, said it has completed the acquisition of Golden Triangle Mall in Denton, Texas.

MGHerring will be responsible for the redevelopment of the 765,000-sq.-ft. Golden Triangle Mall, which will begin in early 2012 with a grand reopening slated for next fall.

Cencor manages the mall while MGHerring and The Weitzman Group, Cencor’s brokerage affiliate, jointly lease the property.

Golden Triangle Mall is anchored by J.C. Penney, Macy’s, Dillard’s and Sears. Sub-anchors include Ross Dress for Less, Barnes & Noble Booksellers and DSW. Other national retailers and restaurants include Hollister, American Eagle, Aeropostale, Bath & Body Works, The Limited, Victoria’s Secret, Starbucks and more.

Merchandising plans call for new retail and full-service restaurants. Redevelopment will include a new exterior façade and redesigned mall entrances, updated tenant storefronts, a new food court, new flooring, materials and design elements in the common areas, new amenities throughout the mall including seating areas, interior and exterior landscaping, fixtures and directories, and new interior and exterior property signage, graphics and lighting. CMA has been selected as the architect for the redevelopment.

The redevelopment is supported by the City of Denton through a performance-based Economic Development Grant Agreement approved in August.

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REAL ESTATE

Ulta opens at Springdale Mall

BY Staff Writer

Mobile, Ala. — Brixmor Property Group announced that Ulta has opened a 12,017-sq.-ft. store at Springdale Mall, located in Mobile, Ala.

Brixmor, based in New York City, is the owner of Springdale Mall.

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News

Toys”R”Us expands mobile offerings

BY CSA STAFF

WAYNE, N.J. — Toys“R”Us announced that it has expanded its mobile offerings for the holiday season, providing an enhanced shopping experience for on-the-go shoppers.

In addition, the retailer said it has made updates made to its iPhone and Android experience, as well as announced partnerships with eBay, Google and shopkick to help customers use their mobile devices to locate product, pay for purchases and source discounts.

The shopkick app will allow shoppers at approximately 100 stores in the New York, San Francisco, Chicago and Los Angeles metro areas to receive savings by entering the stores. Google Wallet is being made available at 200 Toys“R”Us and Babies“R”Us stores in major metro markets, allowing customers to use their phones to pay for purchases.

As part of the high-tech program, QR codes are being incorporated into in-store signage and on individual product packaging to showcase product demos or provide additional information on how a particular program works. And a mobile messaging program sends sale information to mobile phones via text message.

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