Movie Gallery Looks to Sublease at 2,200 Locations
Dothan, Ala., Movie Gallery, Inc. said it entered a management agreement and alliance with Excess Space Retail Services, Inc. to explore opportunities to sublease space at more than 2,200 existing Movie Gallery and Hollywood Video stores. Movie Gallery expects retail partners to occupy about 2,500 sq. ft. at each location. “In addition to the incremental revenue we expect to realize through subleasing portions of the stores, we look forward to the additional traffic that our retail partners will generate,” said Keith Cousins, executive VP and chief development officer, Movie Gallery, Inc. “By taking advantage of our outstanding retail presence, we expect this initiative to improve our operating results and create value for our shareholders.”
American Eagle Selects Sites for Martin + Osa
Pittsburgh, American Eagle Outfitters’ new Martin + Osa concept will debut in four locations, starting in August. The stores will be in Tysons Corner Center, McLean, Va,; Fashion Island, Newport Beach, Calif.; NorthPark Center, Dallas, and San Francisco Center. The stores, from 6,500- to 7,500-sq.-ft., are targeted at men and women 25 years to 40 years old.
Dollar General Beefs Up Real Estate Department
Goodlettsville, Tenn., Dollar General Corp. has announced two new leaders in its real estate department. Gayle Aertker and Paul DiBrito have joined the department as senior VP of real estate and VP of real estate, respectively.