LEASING AND MANAGEMENT
LEASING AND MANAGEMENT: W/S Development, Chestnut Hill, Mass., has launched the retail real estate industry’s first mobile optimized Web site, allowing users to access information about W/S’ portfolio of properties. Visit from your mobile device at mobile. wsdevelopment.com.… Atlanta-based Jones Lang LaSalle has been retained by Cabot Investment Properties to lease and manage three regional shopping centers—two in Ohio and one in Indiana. The assignment totals nearly 1.8 million sq. ft.… Chicago-based General Growth Properties has been awarded a contract to provide leasing, development and marketing services for University Mall in Tampa.… New York City-based Centro Properties Group has formed a team dedicated to malls and lifestyle centers, and will focus efforts on operating, capital and leasing programs for these property types.
Victoria’s Secret to Expand Store Footprint
New York City, Victoria’s Secret is rolling out several new initiatives, including the launch of new products that go beyond lingerie and an aggressive expansion of its store footage, according to Fortune.
Victoria’s Secret plans to increase the square footage of as many as 140 locations by 50% this year, according to the report. Ultimately, some 700 stores out of a total of 1,000 could be expanded.
The company also plans to introduce accessories such as luggage tags, wallets and passport holders this holiday season and is already testing athletic apparel. The new items will be featured in the chain’s larger stores.
Investment Firm Acquires Quaker Fabric Assets
Melville, N.Y., Gordon Brothers Group has acquired through bankruptcy auction the majority of assets of Quaker Fabric, Inc. in Fall River, Mass. Assets include all raw and finished fabric inventory, machinery and equipment, intellectual property, trademarks, patents and real estate.
As part of the deal, DJM Realty, the real estate division of Gordon Brothers Group, purchased Quaker’s five industrial facilities in Fall River, Mass. The multi-use buildings range from 43,000 to 450,000 sq. ft. and are situated on up to 37 acres of land.