STORE SPACES

LEED building projects total 1 billion sq. ft.

BY CSA STAFF

Washington, D.C. — The total footprint of commercial projects certified under the U.S. Green Building Council’s LEED (Leadership in Energy and Environmental Design) Green Building Rating System has surpassed 1 billion sq. ft.

Another 6 billion sq. ft. of projects are registered and currently working toward LEED certification worldwide. Since it was first introduced to the marketplace in 2000, more than 36,000 commercial projects have participated in LEED.

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REAL ESTATE

Nordstrom Rack to open in Orange, Calif.

BY CSA STAFF

Seattle — Nordstrom plans to open a Nordstrom Rack in Orange, Calif. The 35,000-sq.-ft. store will be located at The Block at Orange and is expected to open in spring 2012.

"We are very excited to move forward with our new store at The Block at Orange," said Geevy Thomas, president of Nordstrom Rack "This is one of the area’s top shopping destinations and a terrific opportunity for us to better serve our loyal OC customers."

Nordstrom Rack will be a part of the new development on the eastern side of The Block at Orange, which offers nearly 100 name-brand outlet and value retail stores, restaurants and un entertainment venues.

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FINANCE

Dollar Tree completes acquisition of Canada’s Dollar Giant Store

BY CSA STAFF

Chesapeake, Va. — Dollar Tree announced that it has completed its purchase of the assets of Dollar Giant Store Ltd, which is based in Vancouver, B.C. The purchase is Dollar Tree’s first expansion of its retail operations outside of the United States.

Dollar Giant stores offer a wide assortment of quality general merchandise, contemporary seasonal goods and everyday consumables, all priced at $1.25 (CAD) or less. The stores average 9,000 sq. ft. and operate in British Columbia, Ontario, Alberta and Saskatchewan.

Under the terms of the agreement, Dollar Tree acquired 86 Dollar Giant stores including substantially all assets, inventory, leasehold rights and intellectual property for approximately $52 million in cash, plus the assumption of certain liabilities.

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