REAL ESTATE

OfficeMax to relocate in College Station

BY Staff Writer

College Station, Texas — Houston-based Baker Katz, an X Team International partner, said that it has completed a lease for the relocation of OfficeMax in College Station, Texas.

The 20,000-sq.-ft. space is located on the northeast corner of Texas Avenue and Harvey at 1505 South Texas Avenue in College Station. OfficeMax is relocating from its current space at 410 Harvey Road, where it has been for more than 15 years. Co-tenants include Kohl’s, Spec’s Wines, Spirits & Finer Foods, AT&T, Anna’s Linens, Dollar Tree and Cato Fashions.

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REAL ESTATE

Brixmor announces opening of 32 Halloween-themed stores

BY Staff Writer

New York City — Brixmor Property Group US said Tuesday that 21 leases have been executed with Spirit Halloween and 11 leases with Halloween City across Brixmor’s property portfolio.

The seasonal stores are scheduled to be open through Halloween, and include shopping centers in 19 states.

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REAL ESTATE

Gap to open first Chile stores

BY Staff Writer

San Francisco — Gap said Wednesday it will advance its expansion in Latin America with new store openings in Chile in October, and will introduce Gap and Banana Republic stores to Panama and Colombia in 2012.

“We believe substantial opportunity exists in Latin America and our first stores in Chile, Panama and Colombia will allow us to establish a foundation for further growth in this region,” said Stephen Sunnucks, president, International, Gap.

Gap first made its products available to consumers in Chile, Panama and Colombia in 2010 through its international online shipping provider. Stores in these countries will house products from Gap, GapKids and BabyGap and Banana Republic.

Over the last five years, the company has grown its franchise store base to about 200, expanded to 29 countries throughout Asia, Europe, Latin America, the Middle East, Australia and Africa and currently has franchise agreements in place to bring its brands to 33 countries on six continents.

Under Gap’s existing franchise agreement with Komax, the first Gap store in Chile will open in Santiago on Oct. 14 in the Parque Arauco Mall. A second will open in Concepcion at the Plaza Trebol Shopping Center in November.

A new agreement with Superior Retail will bring Gap and Banana Republic to Panama. The company plans to open the first stores in Panama City in January 2012. The first Columbia stores are expected to open in Bogota in late 2012.

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