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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REAL ESTATE

AT&T opens ‘Retail Innovation Center’

BY Staff Writer

Chicago — AT&T announced the opening of the AT&T Retail Innovation Center in Arlington Heights, Ill.

The 10,400 sq.-ft. space — more than twice the size of a conventional AT&T store layout — is designed to showcase the company’s most innovative products and serve to gather customers’ feedback on new retail concepts — all designed to help shape the ultimate customer experience across AT&T’s more than 2,300 stores nationwide.

“Our customers want to learn how they can make the most of today’s technology to improve every aspect of their lives,” said Kent Mathy, AT&T president, North Central Region. “Our retail Innovation Center is uniquely designed to provide that education. Customers will interact with our products and get a first look at our most innovative customer service strategies at this location before we launch them nationally.”

The store includes interactive, touchscreen walls, where customers can check out the latest apps on a large scale and see how to make the most of any smartphone and tablet, and demonstration areas where customers can try out the latest in AT&T technology.

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