REAL ESTATE

Marcus & Millichap names senior associate

BY Staff Writer

Austin, Texas — Marcus & Millichap Real Estate Investment Services announced that Michael Buckner has rejoined the firm as a senior associate in the Austin office.

Buckner originally joined Marcus & Millichap in October 2003 as an agent specializing in retail property sales. In December 2004, he was promoted to associate and in 2006 he received a Sales Recognition Award from the firm.

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Target’s wins approval to add bulls-eye to Chicago landmark building

BY CSA STAFF

NEW YORK— Target Corp. has won approval to put its signature red logo on one of Chicago’s most famous buildings. The Permit Review Committee of the Commission on Chicago Landmarks on Thursday approved the chain’s request to allow its bull’s eye to be placed on its new store planned for downtown Chicago.

The store will be located in the Sullivan Center, at 1 S. State St. The building, designed by famed architect Louis Sullivan, was built in 1899 and is a designated historic landmark. It housed the Carson Pirie Scott department store from 1904 to 2007.

Target will lease 124,000 sq. ft. over two floors of the building. The store will feature the chain’s new City Target format.

According to the Chicago Sun-Times, the proposal lets Target place its bull’s-eye logo inside the building’s famed glass-enclosed entrance at State and Madison. Along State Street, Target would hang alternating windows two-story banners in the company’s red color.

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Giant-Carlisle to open first Philadelphia store

BY CSA STAFF

PHILADELPHIA — Giant-Carlisle plans to open its first store in Philadelphia next week, the grocery chain said.

Giant-Carlisle, officially known as Giant Food Stores and owned by Dutch supermarket operator Royal Ahold, announced that it would open the 74,000-sq.-ft. store on July 20. The company already operated stores in the Philadelphia suburbs, but the new store is the first within the city itself.

In addition to the usual selection of food products, the store will emphasize health and wellness, with an assortment of natural and organic products in a dedicated section called Nature’s Promise Marketplace and the Healthy Ideas labeling system, which ranks foods according to their nutritional value. The store also will have a full-service pharmacy that will include informational materials about healthy living, drugs, disease and diet. The company said the store would offer the same health and beauty products found in drug stores, but at prices 15% to 20% lower than in chain drug stores.

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