REAL ESTATE

Limited plans major push in Canada

BY CSA STAFF

New York City Limited Brands has Canada in its sights this year. CFO Stuart Bergdoerfer, in a Thursday conference call for stock analysts, said the retailer plans to open 50 new stores in 2010, with 39 to 44 of those openings slated for Canada, Business First of Columbia reported.

Martyn Redgrave, chief administrative officer of Limited Brands, said the company will add to its travel-and-tourism stake as well, with licensed partners expected to add between 10 and 15 international stores in airports and other tourist destinations.

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REAL ESTATE

Coldwell Banker names exec

BY CSA STAFF

Parsippany, N.J. Coldwell Banker Commercial Affiliates LLC announced the promotion of Fred Schmidt, who will now serve as the company’s president and COO.

Schmidt succeeds Rick Davidson, who had led the Coldwell Banker Commercial brand since May 2006. In a separate announcement, Davidson was appointed as president and CEO of Century 21 Real Estate LLC. Both franchise brands are subsidiaries of Realogy Corp., a global provider of real estate and relocation services.

The leadership transition will begin immediately, according to the companies.

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REAL ESTATE

No Body Denied opens at Echo Plaza

BY CSA STAFF

Springfield, N.J. No Body Denied Health Club, which celebrated its grand opening at Echo Plaza in Springfield, N.J., this month, announced that retail real estate services firm Levin Management Corp., is the exclusive retail leasing agent for the shopping center.

The 21,500-sq.-ft. fitness facility will serve as an anchor tenant for the 66,000-sq.-ft. shopping center, which is currently in the midst of a repositioning. The center was acquired by Larken in early 2009.

Stew Leonard’s Wines and Spirits recently signed on as co-anchor for the property. Other tenants include Outback Steakhouse, Sherwin Williams, Echoqua Italian Bistro and Chen’s 22 Chinese restaurants.

 

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