REAL ESTATE

Ikea to make state debut in Kansas City area

BY Katherine Boccaccio

Merriam, Kansas — Shopping center owner and developer DDR Corp., based in Beachwood, Ohio, said Tuesday it will sell 22 acres of land to Ikea Property for the construction of Ikea’s first store in Kansas, located in the Kansas City bedroom community of Merriam, Kan.

Ikea confirmed Tuesday that the City Council of Merriam has unanimously approved plans for this project, following last month’s approval from the city’s Planning Commission.

Construction of the new 349,000-sq.-ft. Ikea is set to begin the summer of 2013, with a targeted opening in the fall of 2014 at the DDR-owned Merriam Town Center. Other tenants in the shopping center include Home Depot, Dick’s Sporting Goods, Cinemark, Marshalls, PetSmart, Old Navy, Party City and Five Below.

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REAL ESTATE

Two new Nordstrom Racks in the works

BY Marianne Wilson

Seattle — Nordstrom announced that it plans to open a Nordstrom Rack in downtown Washington, D.C., at the 1800 L Street, NW building. The approximately 35,000-sq.-ft. store is scheduled to open in spring 2013.

The retailer also plans to open a Nordstrom Rack at Columbia Crossing in Columbia, Md., a shopping center that is owned and operated by Kimco Realty Corp. The approximately 40,750-sq.-ft. store is expected to open in spring 2013.

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REAL ESTATE

Target to open store in Pomona, Calif.

BY Marianne Wilson

Minneapolis — Target announced plans to open a 140,000-sq.-ft. store in Pomona, Calif., in October 2013.

To date, Target has announced plans to open 16 Target stores in 2013.

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