REAL ESTATE

Paladino acquires S.D. Keppler & Associates

BY Staff Writer

Seattle — Paladino and Co., a sustainability and green building consulting firm, has acquired green building consulting firm S.D. Keppler & Associates, Rockville, Md. The two firms have joined to establish a comprehensive consulting offering focused on elevating the prominence and impact of green real estate programs within business.

The acquisition combines Paladino’s green building technical analysis leadership and real estate portfolio optimization expertise with S.D. Keppler’s signature building and advanced commissioning capabilities.

Paladino will retain its headquarters office in Seattle under the direction of Tom Paladino, who will now serve as CEO. Steve Keppler has been appointed president, reporting to Paladino, and will manage the DC office and other East Coast regional business.

The company expects to increase staff levels over next 12 months in response to growth driven by new client wins, including a recent contract awarded by The U.S. Department of State’s Bureau of Overseas Buildings Operations (OBO) to help create more sustainable embassy buildings worldwide.

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REAL ESTATE

New J.C. Penney stores open at two PREIT malls

BY Katherine Boccaccio

Philadelphia — Pennsylvania Real Estate Investment Trust said Friday that new J.C. Penney stores have opened at two of its properties – both in Pennsylvania.

The stores, at PREIT’s Willow Grove Park in suburban Philadelphia and North Hanover Mall in Hanover, Pa, will feature the retailer’s new “Shops” format, encompassing 100 Shops that showcase apparel and home brands. As well, both stores will feature 1,700-sq.-ft. Sephora Inside J.C. Penney shop-in-shops.

“We’re excited about the opening of these new stores and believe that J.C. Penney’s focus on an improved shopping experience for its customers dovetails perfectly with PREIT’s commitment to deliver compelling shopping environments for our consumers,” said Joseph F. Coradino, CEO of PREIT.

At Willow Grove Park, the opening of J.C. Penney’s 125,000-sq.-ft. store marks the completion of the transformation of the former Strawbridge’s department store space, which is now occupied by Nordstrom Rack, The Cheesecake Factory and Bravo Cucina Italiana, in addition to the new J.C. Penney department store. At North Hanover Mall, the opening of the new store coincides with PREIT’s cosmetic remodel of the property, including new flooring, updated mall entrances, and energy-efficient lighting. The 83,000-sq.-ft. J.C. Penney represents a 30,000-sq.-ft. expansion and relocation from its former location.

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REAL ESTATE

Kohl’s opens at Killingly Plaza

BY Staff Writer

Killingly, Conn. — Brixmor Property Group announced that Kohl’s has opened a new store at Killingly Plaza, located in Killingly, Conn.

Kohl’s will take 55,068 renovated sq. ft. of the 66,000-sq.-ft. center, which was previously home to Stop & Shop and a Blockbuster video store.

Brixmor, based in New York City, is the owner of Killingly Plaza.

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