REAL ESTATE

Jack in the Box implements web-based real estate technology

BY CSA STAFF

Dallas — Lucernex Technologies said Tuesday that Jack in the Box has implemented Lucernex’s store lifecycle management solution to manage its real estate portfolio, which includes more than 2,200 Jack in the Box restaurants across 19 states.

According to Lucernex, by implementing the retail version of the Lx Retail product suite, Jack in the Box can streamline its process of selecting store sites, building and opening new store locations, as well as managing existing locations to avoid time delays and save costs.

With Lx Retail now fully implemented and live, Jack in the Box is using the portfolio management, market planning and location analysis, site selection and analysis, construction project management, facilities management and capital program and capital project management capabilities.

Jack in the Box was also a development partner with Lucernex in order to design a new module dedicated to automating creation of capital programs and projects, including individual and rolled-up schedules and budgets.

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REAL ESTATE

Saks Fifth Avenue’s Off 5th to up store count in 2011

BY CSA STAFF

New York City — Saks’ Off 5th outlet division announced Tuesday that it plans to open four new stores this year – Kansas City, Oklahoma City, Northbrook, Ill., and Charleston, S.C.

Additionally, the Off 5th arm said it will open a new store at the Market at Town Center in Sugar Land, Texas, that will replace its store located at The Fountains in Stafford, Texas.

The stores will range from 25,000 sq. ft. to 28,000 sq. ft. and will be modeled in Saks Fifth Avenue Off 5th new ‘luxury in a loft’ store design, which maximizes efficiency and flexibility, enabling easy changes in the general layout. All fixtures will be on casters, ensuring ease in movement, and all hardware will be interchangeable between fixtures, according to the retailer.

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REAL ESTATE

Voorhees Town Hall opens at Voorhees Town Center

BY CSA STAFF

Voorhees, N.J. — Philadelphia-based Pennsylvania Real Estate Investment Trust announced Monday that Voorhees Town Hall has opened at the mixed-use Voorhees Town Center, located in Voorhees, N.J.

On Monday, more than 50 Voorhees Township employees moved in to the new municipal office, which is located on the upper level of the mall across from Macy’s and also features a street-level entrance.

“The addition of Voorhees Town Hall solidifies Voorhees Town Center as a true town center for local residents,” said Joseph Coradino, president, PREIT Services, LLC and PREIT-RUBIN. “Voorhees Town Center is now a place where people of all ages can shop, dine, work, live, conduct business and enjoy community events.”

Voorhees Town Center is one of only three nationwide anchored by a municipal office. It is a new type of anchor, an innovative alternative use that benefits both parties.

The 24,300-sq.-ft. municipal offices at Voorhees Town Center will provide added convenience for Voorhees Town Hall visitors and employees including free parking, easy accessibility and on-site dining and shopping. It also lowers the cost for municipal operations and is an upgraded facility that is more environmentally friendly.

The opening of Voorhees Town Hall is part of Voorhees Town Center’s $150 million mixed-use, smart-growth redevelopment, the first of its type and scale in Southern New Jersey. The four-pronged project includes a renovated two-level mall, an award-winning office building, 425 luxury residential apartments and condominiums, and main street retail, restaurants and services.

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