Nine new tenants join Richmond Centre
Richmond, Ky. Charlotte, N.C.-based Crosland LLC announced that nine new national and local tenants have joined the 120-acre retail destination Richmond Centre, located in Richmond, Ky., about 20 miles from Lexington.
Anchor tenant Meijer has been joined by The Children’s Place, Fusion Tanning Studios, Sprint and Sweets & Treats. Other tenants planned to open include PetSmart, Subway, Great Clips, Real Law and Forcht Bank.
Meijer opened a 207,483-sq.-ft. supermarket in May, and PetSmart will open a 15,304-sq.-ft. store in January 2011.
The Children’s Place opened a 4,020-sq.-ft. store in July, and Sprint opened a 1,490-sq.-ft. store on Sept. 9. Subway will open a 1,199-sq.-ft. location in late November. Locally owned Sweets & Treats just opened a 958-sq. ft. ice cream shop, and Great Clips opened a 1,132-sq.-ft. salon in mid-May.
Fusion Tanning Studios opened a 2,062-sq.-ft. space in August, and Real Law opened a 1,001-sq.-ft. walk-in law center in September. Forcht Bank will open a branch on 1.75 acres in late October.
The Richmond Centre development features 800,000 sq. ft. of retail space featuring 13 outparcels, 15 acres for two hotels, and 60,000 sq. ft. of office space. Current anchors include Belk, J.C. Penney, Cinemark Theatre and Meijer.
Richmond Centre is a joint venture between Crosland LLC and Carolina Holdings.
Borders to open 25 holiday pop-up stores
Ann Arbor, Mich. Borders Group announced it will open 25 seasonal Borders Express stores nationwide to serve customers during the holiday season. The stores are expected to officially open Oct. 25 and will operate through Jan. 31.
Averaging about 2,500 sq. ft., each store will carry top titles and big new releases, Halloween and holiday-themed items, a selection of kids books, plush and toys as well as an assortment of e-Readers and related accessories.
“The majority of these stores are located in malls where we had a presence at one time,” said Mike Edwards, CEO of Borders. “Where it didn’t make business sense for us to operate stores on a permanent basis in these areas, we can open a seasonal store and serve the holiday shopping needs of our customers.”
Simon Property Group and Eye expand media agreement to 60 additional malls
Indianapolis Simon Property Group, and media specialist Eye announced a new alliance that gives Eye advertising rights, commencing January 1, 2011, to an additional 60 Simon malls in 18 states across the United States.
New properties being added to the mix include retail landmarks such as Roosevelt Field in New York; Lenox Square in Atlanta; Copley Place in Boston; and the Houston Galleria.
The new agreement builds on Eye and Simon’s existing business relationship and positions Eye as the number one retail media operator in terms of presence across North America. Eye already holds advertising rights in 103 Simon properties.
“We are excited about broadening our relationship with Eye,” said Mikael Thygesen, Simon’s chief marketing officer. “Eye is singularly committed to mall media in the United States and has demonstrated a desire to aggressively grow the category. We’re looking forward to working with them in the years to come to do just that.”
Eye’s offering of freestanding advertising directory units are strategically placed in high-traffic locations throughout the mall environment — including at entrances, near escalators, and in food courts — ensuring advertisers’ messages reach the diverse cross-section of Americans who visit the mall frequently.