REAL ESTATE

Liv Crayola opens at Cherry Hill Mall

BY CSA STAFF

Cherry Hill, N.J. Philadelphia-based Pennsylvania Real Estate Investment Trust (PREIT) said that a new Liv Crayola cart has opened at Cherry Hill Mall, in Cherry Hill, N.J.

Other tenants that have recently opened at Cherry Hill Mall include 77kids by American Eagle; XXI Forever; American Apparel; Brighton Collectibles; Buckle; Coco & Lolly; Foot Locker’s House of Hoops; Francesca’s; Guess; J.Crew; Les Richards; Nordstrom; P.S. from Aeropostale; Swarovski; Tilly’s; Teavana; and Urban Outfitters.

The store openings are part of the mall’s $200 million complete renaissance, which includes the addition of white-linen restaurants Seasons 52, Maggiano’s Little Italy, The Capital Grille, and California Pizza Kitchen; a new parking deck; the addition of an upscale retail wing; a redesigned and relocated food court now called Cherry Hill Cafes, and extensive interior and exterior renovations.

Additional retailers will be announced throughout 2010, according to PREIT.

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REAL ESTATE

Regency Centers names mid-Atlantic VP

BY CSA STAFF

Vienna, Va. Jacksonville, Fla.-based Regency Centers said it has named Devin Corini as VP investments.

Located in the company’s Vienna, Va., office, Corini will be responsible for identifying, evaluating, and structuring profitable retail development opportunities throughout the mid-Atlantic region, according to Regency Centers.

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Fry’s opens new upscale store in Phoenix

BY CSA STAFF

Phoenix Supermarket chain Fry’s Food Stores has opened a Signature Marketplace superstore in Phoenix, according to a report by the Arizona Republic.

The Tolleson, Ariz.-based discount grocer, which is owned by Cincinnati-based Kroger Co., has opened the new store as a means to appeal to more affluent shoppers, offering an upscale setting that includes valet parking, custom car washes, a cooking school, wine bar and expanded selections of organic produce and high-end meats.

According to the report, Fry’s, which is celebrating its 50th year in Arizona, is betting the new store will help reposition it as more than just a low-price player. The new store will carry an expanded line of high-end merchandise, although the majority of the products will be priced the same as at other Fry’s locations.

The new 136,000-sq.-ft. store, which opened as a Smitty’s supermarket in 1985, had been closed since April while it was being transformed into Fry’s flagship Arizona supermarket.

Fry’s operates 121 supermarkets in Arizona under the Fry’s banner; its parent Kroger operates nearly 2,500 stores.

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