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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REAL ESTATE

Food Lion to Open New Format

BY CSA STAFF

Salisbury, N.C., Food Lion is opening three new stores in South Carolina that represent a new format for the company, according to a report by morningnewsbeat.com. The 35,000-sq.-ft. new format has an expanded natural and organic selection, a large wine department and offers products that meet some specific dietary needs of customers, such gluten-free and dairy-free items. The renovation also includes re-designed grocery aisles, new customer-service counters and checkout lanes and a new decor package, with new signs, graphics and colors and improved lighting. Food Lion also announced last week that it is unveiling fresh makeovers at 26 stores in the tri-state area of Virginia, Maryland and West Virginia. Each store will reopen June 21.

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