REAL ESTATE

Home South to open at Rock Hill Galleria

BY Katherine Boccaccio

Rock Hill, South Carolina — Southern home furnishings retailer Home South will open a 30,000-sq.-ft. store at Rock Hill Galleria, located in Rock Hill, South Carolina. The new store is slated to open this fall.

The Rock Hill Galleria location marks the company’s second store. Its original store is situated in Charlotte, North Carolina. The company was founded in 2013 by the operators of Carolina Pottery.

Rock Hill Galleria, which is owned by Dallas-based Cypress Equities, is anchored by Belk, Sears and JCPenney, plus offers a variety of specialty stores including Victoria’s Secret, Aeropostale, Hot Topic, Yankee Candle, rue21, Kay Jewelers and Bath & Body Works.

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REAL ESTATE

JLL names Houston lead

BY Katherine Boccaccio

Houston — JLL announced it has expanded its retail capabilities into Houston with the addition of Mark Raines as a senior VP. Partnering with Dallas retail brokerage lead Clay Smith and Austin and San Antonio market lead Todd Wallace, Raines will focus on JLL’s retail business including tenant representation and agency leasing and will serve as Houston’s retail brokerage leader.

Raines joins JLL from a competing global brokerage firm, where he specialized in retail brokerage services for national, regional and entrepreneurial tenants in the greater Houston area.

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REAL ESTATE

Coffee Bean & Tea Leaf inks Japan rollout deal

BY Katherine Boccaccio

Los Angeles — The Coffee Bean & Tea Leaf has inked an exclusive deal with developer L.A. Style to expand the coffee and tea retailer into Japan by the end of this year.

L.A. Style is a joint-venture partnership between fast-casual restaurateur Hotland Co. and Japan’s largest shopping mall developer Aeon Mall Co.
The deal ultimately calls for 200 stores across Japan.

“It’s an exciting time to enter such a prolific coffee market like Japan, where we can appeal to consumers who are searching for an exceptional coffee and tea experience,” said John Dawson, Coffee Bean & Tea Leaf president and CEO. “This is an important milestone demonstrating our commitment to continued growth in Asia.”

The expansion into Japan is the latest major announcement in the brand’s growth and expansion initiatives enacted since the appointment of John Dawson in January 2014, and following the September 2013 investment by private equity firms Advent International, CDIB Capital, and Mirae Private Equity.

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