REAL ESTATE

Gold’s Gym Express to debut in Victoria, Texas

BY Staff Writer

Houston — Baker Katz, an X Team International partner and full-service commercial real estate brokerage firm, announced that it has completed a lease for the first Gold’s Gym Express in Victoria, Texas.

Located in the Northcross Shopping Center, Gold’s Gym Express is occupying 18,710 sq. ft. of the former H-E-B Grocery space, and joins Ashley’s Furniture HomeStore, Jason’s Deli, Dollar Tree and GameStop.

This is the first Gold’s Gym Express in the Victoria market, and only the second corporate-owned Gold’s Gym Express in the United States and Texas, in addition to one recently opened in Brownsville.

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REAL ESTATE

Organic market to open at Rockville Town Square

BY Staff Writer

Rockville, Md. — Federal Realty Investment Trust announced that Ellwood Thompson’s has finalized a lease to open a local, organic market at Rockville Town Square in Rockville, Md.

The new grocer will operate under the name Dawson’s Market and the store is slated to open spring 2012.

Dawson’s Market at Rockville Town Square will house approximately 15,000 sq. ft. of local and organic produce, meats, cheeses, prepared foods and baked goods.

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FINANCE

Pier 1 profit up 15% in Q2

BY Staff Writer

Fort Worth, Texas — Pier 1 Imports reported Thursday that second-quarter profit rose to $16.6 million, from $14.4 million a year earlier, matching Wall Street expectations.

Sales for the quarter increased 9.6% to $339.6 million, compared with $309.9 million in the year-ago quarter. Same-store sales increased 10.8%, boosted by higher traffic and average-ticket numbers.

“Our growth plan is firmly on track, and we have returned value to our shareholders through the completion of our $100 million share repurchase program,” said Alex W. Smith, president and CEO.

Smith confirmed that Pier 1 expects to have a solid fall and holiday selling season.

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