REAL ESTATE

Nordstrom to open at Toronto Eaton Centre

BY Staff Writer

Seattle — Nordstrom plans to open a full-line store in the heart of downtown Toronto, at Toronto Eaton Centre.

Construction of the approximately 213,000-sq.-ft., three-level store is set to begin in March 2014, with the store opening slated for fall 2016. Toronto Eaton Centre is owned and managed by The Cadillac Fairview Corp. Ltd.

We are excited to welcome Nordstrom to Toronto Eaton Centre," said Wayne Barwise, executive VP Development, Cadillac Fairview. "Over the past three years we’ve spent $120 million in enhancements to Toronto Eaton Centre. This second phase of redevelopment will include an additional $400 million. We are delighted to have Nordstrom be part of this exciting venture as we continue to bring a premier urban retail shopping experience to the city."

Nordstrom Toronto Eaton Centre joins the five Canadian stores Nordstrom has previously announced as part of its first expansion into Canada. Nordstrom plans to open additional full-line stores and Nordstrom Rack stores as the company continues to grow in Canada.

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REAL ESTATE

Easton’s Northampton Crossings now 100% leased

BY Michael Fickes

Purchase, N.Y. — Visionworks has taken 3,100 sq. ft. at Northampton Crossings in Easton, Pa., bringing the property up to 100% leased, according to National Realty & Development Corp., the center’s owner.

NRDC also noted that existing tenants Regis Hair Salon and Chrin’s Cleaners have extended their Northampton Crossings leases.

A Wal-Mart Supercenter, Regal Cinemas, Sam’s Club and Hobby Lobby anchor the 622,000-sq.-ft. power-center.

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REAL ESTATE

PizzaRev adds four franchisee groups

BY Michael Fickes

Los Angeles — PizzaRev has signed agreements with four franchisee groups covering territory in five states. The deals will lead to the opening of new units in San Diego and Orange counties in California plus Utah, Nebraska, North Dakota and South Dakota. Here are brief profiles of each group:

Away We Dough: Away We Dough is part of William Tell. The owners operate 18 Applebee’s and eight Famous Dave’s in Utah and Washington. The Restaurant Finance Monitor ranks William Tell at 151 on its list of the Top 200 franchisees in the United States based on annual revenue. Away We Dough will develop three PizzaRev restaurants in Utah.

Crafty Pizza: Crafty Pizza will develop 12 PizzaRev restaurants in Orange County, Calif.

TNT Pizza: TNT Pizza owns and operates nine Applebee’s, two Chevys and three Johnny Carino’s in North Dakota, South Dakota and Nebraska. The company will develop three PizzaRev restaurants. The locations include Sioux Falls, S.D., Fargo, N.D., and Lincoln, Neb.

RFP Group: The RFP Group owns and operates three Jersey Mike’s in North San Diego County. The company plans to develop five PizzaRev restaurants there.

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