REAL ESTATE

LaVida Massage to open 13 centers before year’s end

BY CSA STAFF

Commerce, Mich. — Health and wellness retailer LaVida Massage said Tuesday it will have opened at least 13 new franchised units before the end of 2012. Another eight are slated to open in early 2013.

LaVida currently operates 45 centers nationwide.

Our rapid expansion continues to yield strong results for LaVida, despite a struggling economy,” said Evan Kaltschmidt, COO.

The new centers are located in California, Georgia, Illinois (2), Michigan (3), New Jersey, New York, Ohio, Pennsylvania, Texas and Virginia.

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REAL ESTATE

Sam’s Club opens at River Chase

BY Katherine Boccaccio

Covington, La. — Stirling Properties announced that Sam’s Club has opened at its River Chase shopping center, the largest open-air retail center in St. Tammany Parish.

The 136,000-sq.-ft. Sam’s Club features a fuel station and pharmacy, and joins anchors Target, Belk and J.C. Penney at the master-planned, mixed-use development.

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REAL ESTATE

RioCan and Tanger to acquire two outlet malls in Montreal

BY Katherine Boccaccio

Greensboro, N.C. — RioCan Real Estate Investment Trust and Tanger Factory Outlet Centers announced Tuesday they will acquire two outlet centers in the Montreal area.

The pair will co-purchase Les Factoreries St. Sauveur and Bromont Outlet Mall for about $94.7 million Canadian dollars.

RioCan will provide development and property management services and Tanger will provide leasing and marketing services. The properties will be rebranded as Tanger Outlets.

Both transactions are slated to close in November 2012.

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