REAL ESTATE

Meijer to open new urban format in Chicago suburb

BY CSA STAFF

Berwyn, Ill. — The city council of Berwyn, Ill., has unanimously approved a redevelopment agreement with Meijer to anchor the city’s Cermak Plaza shopping center. Meijer currently has nearly 200 locations in the Midwest, and this newest site will be the closest location to downtown Chicago.

Meijer recently announced a new format, Chicagoland, for the urban marketplace. These urban infill stores will focus largely on grocery and pharmacy but will still offer general merchandise for a one-stop-shopping experience.

"The Berwyn Development Corp. (BDC) was very interested in attracting this high-quality retailer when we learned of their new urban prototype and directed our energy into making this transaction happen. Berwyn was a natural fit for their expansion plans," stated Anthony Griffin, executive director of the BDC.

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STORE SPACES

Ikea to install solar panels at Denver-area store

BY CSA STAFF

New York City — Ikea plans to use solar energy in its store under construction in the Denver suburb of Centennial. Pending governmental permits, installation of solar panels on the store’s roof will begin in February, with completion by grand opening this fall.

The planned 60,000-sq-ft. solar array will be designed, built and installed by REC Solar. It will consist of a 498-kW system, built with 2,212 panels, and will produce approximately 740,000 kWh of electricity annually for the store, the equivalent to reducing 586 tons of carbon dioxide (CO2). It will contribute to the local utility’s renewable portfolio goals and will lower the carbon intensity of the electrical grid.

Additionally, IKEA Centennial will be the first U.S. Ikea store to integrate a geothermal component as part of its heating/cooling system.

Ikea U.S. already has solar energy systems in Brooklyn, N.Y., Pittsburgh, Pa., and Tempe, Ariz. It is also installing systems at eight existing locations in California and two stores on the East Coast.

“We are excited about furthering our sustainability commitment with solar panels on the future Centennial store,” said Doug Greenholz, Ikea U.S. real estate manager. “Similar to geothermal, solar energy will reduce greatly the new store’s energy costs and carbon footprint as well as contribute to our vision of creating a better everyday life for the many.”

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REAL ESTATE

EMS to open Manhattan store in fall

BY CSA STAFF

Pearl River, N.J. — Katz & Associates, the exclusive broker for Eastern Mountain Sports, announced that the retailer has executed a lease for a 3,000-sq.-ft. flagship on the Upper West Side of Manhattan.

The two-level store, EMS’ second to date in Manhattan, will be located on the southeast corner of Broadway and West 76th Street. It is scheduled to open this fall.

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