Leonard Green raising $5 billion in private equity
Los Angeles — A Tuesday report by CNN Money, citing a regulatory filing, said that private equity firm Leonard Green & Partners is raising $5 billion for its sixth private equity fund.
Leonard Green’s current retail portfolio includes Sports Authority, Neiman Marcus and Whole Foods, with plans underway to add BJ’s Wholesale Club to its holdings.
According to the report, the SEC filing does not confirm that the firm has closed on any money as of yet.
Staples announces CFO promotion
Framingham, Mass. — Staples said Tuesday it is promoting Christine Komola to CFO, effective Feb. 1.
Komola, a 14-year veteran of the company, will report to the company’s vice chairman, John Mahoney, who has been CFO since 1996.
She has served as VP planning and control, senior VP and corporate controller and CFO of the company’s website.
Eight national retailers to open at River Chase
Covington, La. — Stirling Properties said Monday that River Chase Shopping Center Phase Two, which broke ground in August, has added eight new national tenants that will bring 85,000 sq. ft. of retail space to River Chase as part of an expansion to the development’s existing shopping center. All stores are expected to open spring 2012.
Five of the eight national tenants have signed leases. Michaels will occupy 28,290 sq. ft., Chuck E. Cheese’s will occupy 15,400 sq. ft., Ulta will occupy 10,000 sq. ft., Charming Charlie will occupy 8,000 sq. ft., and Carter’s will occupy 4,300 sq. ft.
The remaining three national tenants are in lease and will be announced in the near future.
This announcement comes on the heels of the official announcement that Wal-Mart Stores will build an upscale Sam’s Club at River Chase, which is scheduled to open in fall 2012 — just months after these multiple retailers open.