REAL ESTATE

Kohl’s reaches 500th Energy Star store milestone

BY CSA STAFF

Menomonee Falls, Wis. Kohl’s Department Stores said Thursday that a hometown store has become the department store retailer’s 500th location to earn the Energy Star label from the Environmental Protection Agency and Department of Energy.

The 500th store, located in Menomonee Falls, Wis., is a culmination of Kohl’s longstanding commitment to energy management. The retailer estimates that it prevented nearly $50 million in electricity costs through lighting and HVAC efficiencies and through energy-efficient building systems.

Kohl’s said that over the last four years — accounting for rate variations — it has seen energy improvements of more than 20%.

Kohl’s also announced Thursday that beginning in spring 2011, all newly constructed stores will pursue Designed to Earn the Energy Star designation, which is awarded for building designs with an estimated energy performance that meets Energy Star criteria.

Five Kohl’s stores in 2010 have already received the Designed to Earn designation.

“Reaching the milestone of our 500th Energy Star store is exciting for our company and our associates. We are building on our commitment to drive energy efficiency companywide as we continue to near our goal of being carbon neutral,” said Ken Bonning, Kohl’s EVP store planning and logistics. “Energy management is an ongoing effort, and Designed to Earn designation for newly constructed stores will help us continue to achieve the high environmental standards we have in place for our facilities.”

Kohl’s was named a 2010 Energy Star Partner of the Year. The retailer operates more Energy Star-labeled stores than any other department store with nearly half of its stores earning the designation.

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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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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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