REAL ESTATE

Loehmann’s sets grand-opening date for open-air center location

BY CSA STAFF

Miami Fashion retailer Loehmann’s announced it has committed to open a 25,699-sq.-ft. store in The Palms at Town & Country, an open-air shopping center under redevelopment in Kendall, Fla.

The Palms owner TIAA-CREF, along with Flagler Development Group and Jones Lang LaSalle, said the store is slated to open spring 2010. The Mediterranean-themed retail redevelopment has a tenant lineup that includes Kohl’s, Nordstrom Rack and 24 Hour Fitness.

The Palms at Town & Country, owned by TIAA-CREF and being redeveloped by Flagler Development Group, will house a total of 700,000 sq. ft. of Mediterranean-themed mixed retail components and a 133,000 sq.-ft. Professional Arts Center when completed.

Phase 1 of The Palms at Town & Country, the existing 292,730-sq.-ft. Town Center home to retailers such as New York & Co., Marshall’s, Men’s Wearhouse, Publix and Shaq’s 24 Hour Fitness, remains open during the construction of the additional phase. This portion of the Town Center underwent an expansive external renovation to incorporate Mediterranean-themed elements of the development’s new design.

Phase 2 of The Palms at Town & Country will feature 397,834-sq.-ft. of new construction open-air specialty retail, bordering a six-acre lake. This open-air retail center will feature dozens of apparel, entertainment, restaurants, home accessories and specialty businesses connected by pedestrian-friendly walkways.

The open-air specialty retail will be completed in phases: 153,563 sq. ft. of buildings and outparcels to be completed in the fall; 69,503 sq. ft. of retail to be completed in fall 2010; and 79,828 sq. ft. to be completed in fall 2012.

Jones Lang LaSalle is the exclusive leasing agent for The Palms at Town & Country. 

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Pathmark launches major savings event

BY CSA STAFF

MONTVALE, N.J. Pathmark unveiled its BIG SAVE event, which kicks off at all 144 Pathmark stores on May 1.

Savings throughout the store include Yellow Tag weekly price specials throughout the store, as well as thousands more items on Price Hold, which guarantee the same great low price from week-to-week for an extended time. 

Pathmark is also running a special BIG SAVE Sweepstakes with prizes for four lucky winners including Two Panasonic Viera 50-inch Televisions, One Year of Groceries for free or the ultimate Grand Prize, a Mini Cooper convertible car. 

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Borders names head merchant for non-book products

BY CSA STAFF

ANN ARBOR, Mich. Borders Group announced that Michael Oprins has been named VP merchandising for non-book products. Oprins, who has been with the company for more than 18 years, is responsible in this newly created position for leading buying teams in non-book categories including: music, DVD, bargain, digital, newsstand, calendars, games, trend gifts and candy.

Oprins brings more than 25 years of retail experience to the position, including several leadership posts at Borders Group that have ranged over nearly two decades from Waldenbooks district manager and divisional merchandise manager to director of merchandising within the children’s and calendar businesses. In 2002, Oprins was named VP cafe operations, and two years later, was appointed VP Paperchase operations, where he developed and led the introduction of Paperchase gift and stationery shops in U.S. Borders superstores.

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