REAL ESTATE

Harbor Freight Tools makes urban Chicago debut at Bricktown Square

BY Staff Writer

Chicago — Harbor Freight Tools recently signed a lease for 20,000 sq. ft. of space at Bricktown Square in Chicago, according to Mid-America Asset Management, which represents the center.

The tool retailer held the grand opening of its first urban Chicago store on June 13.

The 277,489-sq.-ft Bricktown Square is anchored by Babies ‘R’ Us, Sports Authority and XSport Fitness, with area tenants including Target, Loews, Jewel/Osco and Office Depot.

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REAL ESTATE

Colonial Candle to open first-ever retail store for the brand

BY Staff Writer

Charleston, S.C. — Colonial Candle said it is opening its first retail and research boutique in Charleston, S.C. The 3,000-sq.-ft. flagship store is the 103-year-old candle company’s first and only boutique.

Located in The Shops at Charleston Place, the Colonial Candle boutique joins Godiva, Gucci, Louis Vuitton and Lacoste at the center.

The new store is slated to open in early fall 2012.

In the new boutique, customers will have the opportunity to join the creative process, experiencing new fragrances in originally designed fragrance rooms and sharing their impressions to influence the direction of current and future fragrances and products.

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REAL ESTATE

Cafaro seeks to expand portfolio through acquisition

BY Katherine Boccaccio

Youngstown, Ohio — Cafaro Co. has announced it is actively seeking to expand its portfolio of enclosed malls.

According to the company, each potential acquisition property must demonstrate historic, stabilized net operating income and minimum sales of $300 per sq. ft. Cafaro said is interested in malls with a minimum gross leasable area of 600,000 sq. ft. in trade areas of 200,000 – 450,000 residents.

Cafaro currently owns and oversees more than 30 million sq. ft. of commercial real estate in 11 states.

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