REAL ESTATE

New retail leases signed at Regency’s Preston Park Village

BY CSA STAFF

Plano, Texas Jacksonville, Fla.-based Regency Centers announced it has leased retail space in Plano, Texas, to two new merchants at Preston Park Village.

My Gym Plano, a children’s gym, has leased 2,560 sq. ft., and Good Newtrition, specializing in nutritional energy drinks and shakes, has leased 1,480 sq. ft. Both stores plan to open in June. 

The 239,333-sq.-ft. shopping center is anchored by Tom Thumb supermarket alongside Gap, The Children’s Place, Gymboree, Panera Bread, Talbots, Ann Taylor and Bath & Body Works.

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REAL ESTATE

Chipotle makes London debut

BY CSA STAFF

Denver Chipotle Mexican Grill said Monday it has opened its first restaurant in London. The site also is its first European location.

The company, which operates roughly 1,000 quick-casual Mexican restaurants in the United States, said it is exploring other potential sites in London and in other European markets such as Paris and Germany.

Chipotle said it sees strong potential for its business in Europe.

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Nordstrom set to open NYC Rack store

BY CSA STAFF

Seattle Nordstrom is set to open a discount Rack store in Manhattan Tuesday, the company’s first-ever outlet in Manhattan.

The company said last summer it planned to open the Manhattan location in Union Square at the site of a former Virgin Megastore.

Nordstrom has been using discount Rack stores to help it drive sales in the tough economy.

Nordstrom Rack same-store sales grew 2.5% in 2009, while Nordstrom full-line stores saw sales decline 7.2%.

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