REAL ESTATE

JoS. A. Bank debuts factory concept store

BY CSA STAFF

Hampstead, Md. JoS. A. Bank Clothiers Inc. said Thursday it has opened its first factory concept store, in Riverhead, N.Y.

The new store is the first of five the specialty retailer says it will open in fiscal year 2010 as part of the test phase of its new factory store concept.

In addition, JoS. A. Bank said it has launched a new website, Josbankfactorystores.com, dedicated to the products offered under this new factory store concept.

“We are excited about kicking off our factory store initiative,” said R. Neal Black, president and CEO. “We believe this concept could represent a significant long-term opportunity for the company and could result in an additional 50-75 factory stores in the U.S.”

The first factory store opened at Tanger Outlets in Riverhead, and leases already have been signed for stores at Jersey Shore Premium Outlets in Tinton Falls, N.J., and Philadelphia Premium Outlets in Limerick, Pa. Both are slated to open this month.

Texas and Maryland stores are expected to open later this year.

JoS. A. Bank currently operates 484 stores in 42 states and the District of Columbia.

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REAL ESTATE

Casa Bonita to open in Calexico, Calif.

BY CSA STAFF

Calexico, Calif. BH Properties said Tuesday it has signed retail tenant Casa Bonita to an 11,000-sq.-ft. lease at 102-104 Second Street in Calexico, Calif., immediately adjacent to the pedestrian crossing at the Mexico/USA border.

The houseware, gift and novelty merchant will move to the recently renovated property from the company’s previous Calexico location that was damaged in the 7.2 magnitude earthquake that struck the region earlier this spring. 

The new location for Casa Bonita has been owned by BH Properties since 2001.  Shortly after the initial acquisition of the asset, BH Properties embarked on a renovation and retrofit campaign for the center, which suffered little or no damage from the recent earthquake. 

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REAL ESTATE

LA Fitness to open at Marketplace Shopping Center

BY CSA STAFF

St. Petersburg, Fla. Jacksonville, Fla.-based Regency Centers said it has leased 46,820 sq. ft. of retail space in St. Petersburg, Fla. to LA Fitness at Marketplace Shopping Center.

This will be the first LA Fitness location in St. Petersburg and the sixth location in the Tampa Bay area.  

The fitness center is currently under construction and scheduled to open first quarter 2011. 

The 90,296-sq.-ft. Marketplace Shopping Center is tenanted by  Starbucks, Planet Beach, Cody’s Roadhouse Grill, Athenian Gardens and The UPS Store.

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