REAL ESTATE

Hobby Lobby opens at N.C. open-air center

BY CSA STAFF

Burlington, N.C. Hobby Lobby has announced the May 11 opening of its new store at Alamance Crossing, an open-air shopping, dining and entertainment center developed by Chattanooga, Tenn.-based CBL & Associates Properties. The center, in Burlington, N.C., also features new or impending openings by American Eagle, Brixx Pizza, Lifeway Christian, Mattress Firm, Verizon Wireless, Diva Spa Nails, Bank of America and Wachovia.

“We are pleased to welcome Hobby Lobby to Alamance Crossing,” said Mark Mancuso, senior VP development, CBL. “The shopping center continues to generate tremendous interest from both area shoppers and from retailers and restaurants looking to join the project.”

Les Miller, real estate representative for Hobby Lobby, added, “We are excited to join Alamance Crossing, which has already become Burlington’s premier shopping destination.”

Alamance Crossing is anchored by Belk, J.C. Penney, Dillard’s, a 16-screen Carousel Cinemas and includes junior anchor Barnes & Noble. The center is located on 142 acres at the intersection of Interstate 85/40 and University Drive in Burlington.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Are you hiring seasonal employees this year?

View Results

Loading ... Loading ...
REAL ESTATE

Bon-Ton’s Carson Pirie Scott location to be renovated

BY CSA STAFF

York, Pa. The Bon-Ton Stores said Thursday it will undergo a two-year renovation on its Carson Pirie Scott Randhurst Village store located in Mount Prospect, Ill. The project will coincide with the redevelopment of Randhurst Village into an open-air, lifestyle center with retail, restaurants, entertainment and a hotel.

The three-level, 205,000-sq.-ft. Carson Pirie Scott store will be completely remodeled and will reflect the same look of the shopping center. Renovations, which will begin this summer, are expected to be completed in fall 2010.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Are you hiring seasonal employees this year?

View Results

Loading ... Loading ...
REAL ESTATE

Swiss watchmaker secures flagship location on Madison Ave.

BY CSA STAFF

New York City F.P. Journe announced it has signed a 10-year lease for an 800-sq.-ft. space at 721 Madison Avenue, between East 63rd and 64th Streets (the former Graff store), where it plans to open its first New York store and U.S. flagship.

Surrounded by some of the most esteemed brand names, the high-profile space features soaring ceilings in an elegant pre-war building, according to the retailer’s real estate broker The Lansco Corp., which is a member of the X Team Retail Services Network.

“One year ago, vacancies on Madison Avenue were few and far between, and factors such as sky-rocketing rents and high competition for the small number of spaces available on the market kept many retailers on the sidelines,” said Diane Mandel, a managing director at Lansco. “F.P. Journe timed the market perfectly. The exclusivity and high-quality design of their watches has kept the retailer recession-resistant and has given them the edge in securing this prominent location to grow their U.S. presence.”

F.P. Journe currently has boutiques in Boca Raton, Fla., Tokyo, Hong Kong, Paris and Geneva, and will be opening in Beijing in the fall.

“We always had New York planned in our development. We consider New York as one of the very few ‘centers of the world’ and Madison Avenue is its quintessence in terms of a true luxury retail avenue,” said Pierre Halimi Lacharlotte, the partner for F.P. Journe’s New York store. “When we were offered the Graff store location, it became a priority for us.”

The landlord in this transaction is The Winter Organization.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Are you hiring seasonal employees this year?

View Results

Loading ... Loading ...