STORE SPACES

J.C. Penney to renovate, expand Rock Hill Galleria store

BY Staff Writer

Rock Hill, S.C. — The developers of Rock Hill Galleria, in Rock Hill, S.C., said Tuesday that the 470,000-sq.-ft. regional mall will initiate a comprehensive renovation and expansion of mall anchor J.C. Penney.

Construction will begin soon and is scheduled for completion in fall 2012.

J.C. Penney has been a key department store anchor at Rock Hill Galleria since 1991. The expansion will increase the store’s size from 51,600 sq. ft. to more than 83,000 sq. ft. and will move the department store retailer into its latest design format.

Rock Hill Galleria is also anchored by Belk and Sears, and features retailers such as Victoria’s Secret, Aeropostale, Hot Topic, Yankee Candle, rue21, Kay Jewelers and Bath & Body Works.

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REAL ESTATE

West Elm to open first Washington location

BY Staff Writer

Brooklyn, N.Y. — Williams Sonoma-owned home-furnishings retailer West Elm said Tuesday that it will make its Washington State debut with a new store in Seattle, slated to open Oct. 6.

The 15,000-sq.-ft. store will feature a number of unique design details, according to West Elm, including a living wall and an art installation designed specifically for the location.

Like other West Elm stores, the Seattle location is designed using green materials and includes low-energy lighting, low-VOC paints and reclaimed hardwood floors.

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FINANCE

Leonard Green raising $5 billion in private equity

BY Staff Writer

Los Angeles — A Tuesday report by CNN Money, citing a regulatory filing, said that private equity firm Leonard Green & Partners is raising $5 billion for its sixth private equity fund.

Leonard Green’s current retail portfolio includes Sports Authority, Neiman Marcus and Whole Foods, with plans underway to add BJ’s Wholesale Club to its holdings.

According to the report, the SEC filing does not confirm that the firm has closed on any money as of yet.

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