REAL ESTATE

Marshalls to enter Greater Cincinnati with 26,021-sq.-ft. new store

BY CSA STAFF

New York City Centro Properties Group said Tuesday that a 26,021-sq.-ft. lease has been executed with Marshalls at Surrey Square, in Norwood, Ohio.

Marshalls is projected to open late 2010 at Surrey Square and will be the retailer’s first location in the greater Cincinnati area. Centro said that Marshalls will occupy the largest single vacancy remaining at the shopping center.

Surrey Square has benefited from a three-year redevelopment, which had transformed the partially enclosed 176,433-sq.-ft. shopping center into a large, multi-anchored community center. Phase I added approximately 21,000 sq. ft. of in-line retail space to the southern end of the center. McDonalds was also relocated to the high profile corner location. Phase II focused on the development of a new larger location for Kroger. Phase III reconfigured the previous Kroger building into additional retail opportunities at the center. 

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REAL ESTATE

Houston Kroger store expanded, remodeled

BY CSA STAFF

New York City Centro Properties Group said Monday that the Kroger store in its Merchants Park Shopping Center in Houston has completed a comprehensive expansion and remodeling project.

The newly expanded 89,000-sq.-ft. store, which opened June 9, is the grocer’s largest in Houston proper. It features enhanced in-store departments as well as a drive-thru pharmacy lane, fuel center, Starbucks Coffee shop and lounge area with free Wi-Fi.

Merchants Park is nearing completion of its $7-million two-part redevelopment. The first phase reconfigured the shopping center to accommodate a new 30,000-sq.-ft. Ross Dress for Less and a 9,000-sq.-ft. O’Reilly Auto. The second phase included the expansion of Kroger as well as the construction of approximately 9,500 sq. ft. of additional retail space. The new retail building, still under construction, is slated for completion in September.

Some of the new retailers who have executed leases in the new building at Merchants Park include GNC, Sally Beauty Supply, and Subway. Tuesday Morning, another new retailer to the center, has also recently opened.

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TJX Cos. to expand Marshalls into Canada with up to 100 units long-term

BY CSA STAFF

Framingham, Mass. TJX Cos. said Tuesday that it will expand its Marshalls store chain into Canada, with plans to open six locations there initially and up to 100 stores ultimately.

The first Canadian unit is slated to open next spring, according to Carol Meyrowitz, president and CEO, who also said that TJX’s Canadian division has the retailer’s highest returns.

“Canada has been a very successful market for TJX since we first entered in 1990,” she said in a statement. She noted that the Canadian market can ultimately support 90 to 100 Marshalls stores.

Marshalls in Canada will be managed by TJX Canada, the operating group managing the Winners, HomeSense and StyleSense chains there.

TJX has not yet announced specific locations for the Canadian launch.

The company operates 903 T.J. Maxx stores, 819 Marshalls stores, 328 HomeGoods stores and 154 A.J. Wright stores in the United States. In Canada, the company operates 208 Winners locations, 79 HomeSense units and three StyleSense stores. In Europe, the company operates 281 T.K. Maxx stores and 19 HomeSense stores.

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