REAL ESTATE

Lane Bryant opens stores in Wisconsin, Houston

BY Dan Berthiaume

Columbus, Ohio – Lane Bryant officially reopens its store at the West Towne mall in Madison, Wis. on Friday, Oct. 4 with a new look. On the same day Lane Bryant opens a new store in Houston.

The store will celebrate its grand opening at both stores from Oct. 4 through Oct. 6. Customers who shop at those location during the weekend will be able to enter for a chance to win one of 150 $25 Lane Bryant gift cards.

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OPERATIONS

FrontStreet Facility Solutions names VP of operations

BY Dan Berthiaume

Bohemia, N.Y. — FrontStreet Facility Solutions announced that Brian French will join the executive leadership team as VP of operations. French is the former president of Cairn Development.

With more than 23 years of experience in store development, French is a proven leader in retail services and devising business growth strategies. French has executed multi-faceted projects for premier retailers Uniqlo, Chico’s, United Retail Group and Victoria’s Secret. He has also directed the design, planning and institution of stores for Warner Bros. Worldwide and Burch Capital Creative.

"Brian brings the ideal professional combination of expertise and commitment to support our company growth well into the future,” Kris Bunnell, FrontStreet CEO said. “His experience with industry-leading retail brands and dedication to quality service execution will enhance our operational scale, while maintaining a singular focus on customer needs.”

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FINANCE

PECO NNN buys Family Dollar, Raising Cane’s locations

BY Dan Berthiaume

Salt Lake City — PECO Net Lease Income Fund (NLIF) has acquired four properties including two Family Dollar stores in New Mexico and two Raising Cane’s restaurants, including one in Lexington, Ky., and one in Mt. Pleasant, S.C.

"These acquisitions continue our overall strategy to acquire well positioned retail assets with geographic and industry diversification," said Jim Shipman, VP for PECO NNN Development, LLC; manager of the NLIF. "The acquisitions provide long-term leases and excellent value-add opportunity, while also enabling us to continue our monthly dividend to our investors."

The acquisition of the four properties brings the total portfolio to over $33 million in assets comprised of 15 properties located in 12 states.

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