REAL ESTATE

Lowe’s to Build $60 Million Data Center

BY CSA STAFF

Mooresville, N.C., Lowe’s Cos. Inc. announced it plans to spend around $60 million to build a new data center in San Antonio, Texas. The center will serve as the core of the company’s information-technology systems, including data storage and computer processing. The price tag includes land, building costs and equipment.

Lowe’s plans to open the center by the middle of 2007. The center, which will employ between 20 and 25 people, with room for future expansion, is part of the company’s larger expansion plans. By the end of 2006, Lowe’s said, it will have opened an additional 155 new stores with plans to open about as many in 2007.

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REAL ESTATE

American Eagle Set to Finalize Purchase of New Corporate Office

BY CSA STAFF

Pittsburgh, Pa., American Eagle Outfitters Inc.’s purchase of an office building at SouthSide Works in Pittsburgh, Pa., for its new corporate headquarters is set to be finalized Wednesday, according to a report by Pittsburgh Business Times. The deal would include the 186,000-sq.-ft. Quantum II office building as well as a neighboring parcel along the Monongahela River. American Eagle previously said it expects to employ 800 people at the SouthSide Works facilities. The move probably won’t happen until late 2007 at the earliest.

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FINANCE

World Cup Boosts Adidas Sales

BY CSA STAFF

Berlin, Germany, Adidas said the sale of soccer products would exceed 1.2 billion euros, or $1.5 billion this year, lifted by booming sales of replica jerseys at the World Cup in Germany. Adidas, whose soccer gear is worn by World Cup favorite Argentina, said a record 3 million-plus replica jerseys had been sold, including 1.5 million jerseys for host team Germany. At the 2002 World Cup, the firm sold 1.5 million replica jerseys.

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