REAL ESTATE

Lineup of new tenants to open at Kentucky Oaks Mall

BY Katherine Boccaccio

Paducah, Ky. — Youngstown, Ohio-based Cafaro Co. said that a new restaurant and two new stores will open at its Kentucky Oaks Mall property, located in Paducah, Ky.

Los Burritos Locos will open a 2,400-sq.-ft. restaurant on April 1 near the mall’s main entrance. Yankee Candle will open a 1,200-sq.-ft. store between Gymboree and Victoria’s Secret in June, and Shoe Carnival will occupy more than 16,300 sq. ft. next to David’s Bridal.

Cafaro also announced that The Shoe Dept. will be moving from its existing location and re-emerge as Shoe Dept. Encore, opening the new 15,000-sq.-ft. store in mid-October next to Dillard’s Home Store.

The newly renovated Kentucky Oaks Mall comprises over 1 million sq. ft. and is anchored by Dillard’s, J.C. Penney, Sears and Dick’s Sporting Goods.

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REAL ESTATE

Garrison acquires Louisiana Boardwalk, to rebrand as outlet center

BY Katherine Boccaccio

Bossier City, La. — Garrison Investment Group of New York City announced it has acquired Louisiana Boardwalk, a 562,520-sq.-ft. open-air, mixed-use development on the waterfront of Bossier City, La.

Garrison has retained outlet consultant EWB Development to lease and marketing the center as an outlet destination. The converted retail center will be relaunched as The Outlets at Louisiana Boardwalk.

Opened in 2005, the project is anchored by the only Bass Pro Shops within a 3 ½ hour drive and by Northwest Louisiana’s only IMAX theatre. A mix of outlet retail brands and soft goods retail stores, additional entertainment venues and several restaurants complement the anchors.

The development features approximately 69,000 sq. ft. of second-story office space and a Marriott Courtyard Hotel. The Margaritaville Hotel and Casino will open this summer, adding 400 hotel rooms to the center.

“Our focus and experience in retail re-development, and study of market trends has led us to the conclusion that outlet retail is the highest and best use for this exciting regional destination,” said Mitchell Salmon, SVP/director of Garrison Investment Group. “We are making a significant commitment of time and resources to that end.”

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REAL ESTATE

Bruegger’s Bagels to open at Westwind Plaza

BY Katherine Boccaccio

Minnetonka, Minn. — Brixmor Property Group has announced a 2,108-sq.-ft. lease with Bruegger’s Bagels at Westwind Plaza, located in Minnetonka, Minn.

Brixmor, based in New York City, is the owner of Westwind Plaza.

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