REAL ESTATE

Kohl’s brings solar locations total up to 79

BY CSA STAFF

Menomonee Falls, Wis. Kohl’s Department Stores has opened its 59th solar location in California, in Sacramento. The store, one of 30 California locations opened on Wednesday by the chain, is Kohl’s 79th solar location nationwide.

The Sacramento store features a 990-panel, 206 kilowatt solar array that will generate approximately 50% of the store’s energy and is expected to offset almost 5.7 million lbs. of CO2 during its lifespan. Other recent California solar locations activated by Kohl’s in the last month include Mira Loma, Rancho San Diego and San Jose South.

“Energy efficiency and green power are key business and environmental strategies for Kohl’s, and we continue to work to make them an integral part of building and expansion efforts,” said Ken Bonning, Kohl’s executive VP store planning and logistics. “Our solar program is a hallmark of our green power efforts, and we’re continuing to expand it because it demonstrates our commitment to sustainability and improving the environment directly in the communities we serve.”

The 30 stores Kohl’s opened in California on Wednesday were among the 36 former Mervyns locations acquired by the chain since December 2008. These California locations, like all Kohl’s stores, have high-efficiency heating and cooling systems, occupancy sensor lighting for stockrooms, break rooms and offices, and a recycling program for cardboard boxes, hangers and packaging.

Kohl’s near-term goal is to have 100 solar locations in six states: California, Wisconsin, New Jersey, Connecticut, Maryland and Oregon. Currently, California is home to 75% of Kohl’s solar stores, including its largest solar array at the San Bernardino distribution center.

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REAL ESTATE

Kohl’s eyes vacant real estate for expansion

BY CSA STAFF

Menomonee Falls, Wis. Kohl’s Corp. said it is accumulating cash to absorb locations abandoned by shrinking or defunct retailers, according to a report on Bloomberg.

Kohl’s chairman and CEO Kevin Mansell said any store takeovers would come on top of as many as 25 new locations Kohl’s already plans to build for next year at a cost of about $275 million.

“Nobody’s come to us and said they want to sell us 50 stores, but I suspect it’s going to happen,” Mansell said. “We want to be in a position to act.”

Gottschalks, Goody’s and Mervyn’s bankruptcies have left plenty of real estate from which to choose. Mansell said Kohl’s has taken over 30 former Mervyn’s sites in California, which staged grand openings on Wednesday.

The cost to convert each former Mervyn’s was about $7 million, while it takes about $11 million to build a store from scratch, Mansell said.

In related news, among Kohl’s store openings on Wednesday was the company’s 59th California solar location. The new Point West store in Sacramento is also the 79th solar location nationwide for Kohl’s.

“Energy efficiency and green power are key business and environmental strategies for Kohl’s, and we continue to work to make them an integral part of building and expansion efforts,” said Ken Bonning, Kohl’s executive VP store planning and logistics. “Our solar program is a hallmark of our green power efforts, and we’re continuing to expand it because it demonstrates our commitment to sustainability and improving the environment directly in the communities we serve.”

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REAL ESTATE

NAI Global promotes three

BY CSA STAFF

Princeton, N.J. NAI Global announced Tuesday the promotion of three members of its corporate services team to senior VP.

Rick Leighton and Kimberly Kocur have both been promoted to senior VP corporate services.

Linda Battistelli has been named senior VP client services.

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