REAL ESTATE

Michaels to open at Fairlane Village Mall

BY Katherine Boccaccio

Pottsville, Pa. — North Plainfield, N.J.-based Levin Management Corp. announced that Michaels Stores has leased 22,000 sq. ft. at Fairlane Village Mall in Pottsville, Pa.

Levin is the leasing and management agent for the property, which is owned by Ashok Mehra. Michaels’ commitment comes on the heels of a lease by Kohl’s Department Stores, reflecting momentum for the 405,000-sq.-ft. property.

Kohl’s will be opening its new 57,860-sq.-ft. store in early March.

Other anchors include Boscov’s, Super Shoes, CVS, Harbor Freight Tools, and Dollar Tree. Lowe’s Home Improvements is a shadow anchor.

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REAL ESTATE

Charleston Town Center announces four new upscale retailers

BY Katherine Boccaccio

Charleston, W.Va. — Cleveland-based Forest City Enterprises announced that four new upscale women’s retailers have joined the company’s Charleston Town Center property, located in Charleston, W.Va.

White House | Black Market, Coach, Sephora and Francesca’s Collections will open spring 2012. The center will undergo an expansive renovation, incorporating aesthetic updates to both the interior and exterior of the property.

This will be the first retail location in West Virginia for Coach and Francesca’s, and the second West Virginia location for White House | Black Market. The Charleston shopping center will also be the first state location for a full service in-line Sephora store. Last year Sephora opened a location inside J.C. Penney. These four new retailers will occupy about 12,000 sq. ft. of retail space on Level One, behind Starbucks.

Charleston Town Center will undergo a major renovation, including new amenities and aesthetic changes such as new flooring, lighting, family restrooms and revitalized common areas. The renovation is to be completed prior to the center’s 30th anniversary in 2013.

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REAL ESTATE

CBL names asset management exec

BY Katherine Boccaccio

Chattanooga, Tenn. — CBL & Associates Properties announced the promotion of Scott Word to VP – asset management.

Word began his career with CBL in 1993 as an accountant. In 1997, he moved into CBL’s Acquisitions Department as a financial analyst and, in 2008, he joined the Asset Management team as director – asset management.

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