REAL ESTATE

Luke Petherbridge named CFO of DDR

BY Katherine Boccaccio

Beachwood, Ohio — DDR has named a new financial chief, and the shopping center company reached from within its own ranks for the appointment. Luke J. Petherbridge, age 35, assumes the role of CFO and treasurer, effective immediately.

"Luke is an accomplished executive with a proven track record within our company, overseeing the balance sheet, fostering strong banking and capital partner relationships, and sourcing large scale transactions during his tenure with us," said David Oakes, president and CEO.

Petherbridge joined DDR as senior VP of capital markets in December 2011, and most recently held the role of executive VP of capital markets and treasurer. He previously served as CEO of EDT Retail Trust (formerly Macquarie DDR Trust).

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T2, New York

BY CSA STAFF
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Australian specialty tea retailer T2 has made its U.S. debut, opening a store in the heart of Manhattan's Soho neighborhood. The shop stocks over 200 teas from around the globe along with an extensive assortment of teapots, cups, sifters and other related items.

Designed by Landini Associates, T2 celebrates the art of making and drinking tea. The space has a raw, striped-back interior that gives it a modern, youthful vibe. T2 offers an immersive sensory experience, complete with a tea-tasting bar. The floor to ceiling displays of the brand's trademark orange packages of tea is offset by an industrial color palette,

T2 was founded by an Australian entrepreneur in 1996. In 2013, the chain was acquired by consumer goods giant Unilever, which knows a little something about tea: Its Lipton brand is the world's top selling tea.

Design: Landini Associates, Sydney, Australia

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REAL ESTATE

Gander Mountain expanding in Southwest, up to 156 stores nationwide

BY Marianne Wilson

St. Paul, Minn. — Gander Mountain will open a 52,000-sq.-ft. store in Kaleen, Texas, and a 45,600-sq.-ft. store in Tulsa, Oklahoma, on March 12, giving it 156 stores nationwide.

The Tulsa location marks Gander Mountain's entry into Oklahoma. The Killeen store continues Gander’s major expansion into the Texas market, and will be its 20th store in the state.

"These two stores are being added to our rapidly growing national network as part of our aggressive growth strategy," said Mike Owens, president and COO for Gander Mountain.

The new stores feature Gander Mountain's updated store prototype, which includes innovative interior elements, displays and fixtures. They also will have on-site the retailer’s “Firearms Super Center,” which is designed to provide responsible citizens the highest quality solutions for their firearms needs, including safety, security, education and training.

Gander Mountain has launched a campaign to emphasize personal firearms responsibility via a call to action: "With Rights Comes Responsibility; Secure Your Firearms." This effort is designed to help keep firearms from getting into the hands of the underage, untrained and unauthorized. The company is encouraging firearms owners to take a responsibility pledge.

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