REAL ESTATE

Panera to expand in Memphis

BY CSA STAFF

Memphis, Tenn. Panera Bread is opening its second Memphis-area location Tuesday in East Memphis’ Laurelwood Shopping Center.

Delta Dough, the local franchisee, opened its first Memphis-area Panera Bread location in the Trinity Commons Shopping Center in December.

Panera Bread Co. plans to open 10 more local cafes during the next five years.

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REAL ESTATE

Aldi commits to former Bombay space

BY CSA STAFF

Chicago Mid-America Real Estate Corp. said it has leased Chicago-area space to Aldi. The location, on N. Clybourn Avenue, was formerly occupied by Bombay Furniture and Leather Creation.

The lease totals 16,600 sq. ft., which Aldi will remodel into space for their new format grocery store that is scheduled to open later this year.

In related news, Mid-America landed Wal-Mart for an expanded lease at the Quarry Shopping Center in southwest Chicago. The retailer renewed and expanded its existing lease by 80,543 sq. ft., bringing the space total to 201,194 sq. ft

Wal-Mart will remain open as the additional space is under construction, with a grand re-opening planned for fall 2009.

Also committing to the Quarry are retailers Play N Trade, which leased 1,600 sq. ft., and Dress Barn, which renewed its lease for 7,500 sq. ft.

The center is anchored by Wal-Mart, Kohl’s, Office Max and Sam’s Club.  

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REAL ESTATE

Nordstrom, Saks to anchor planned shopping center in Puerto Rico

BY CSA STAFF

San Juan, Puerto Rico Nordstrom and Saks Fifth Avenue both signed on to anchor the planned Plaza Internacional shopping center in San Juan, Puerto Rico, marking both retailers’ entry onto the island.

Taubman Centers, Las Vegas, and New Century Development, San Juan, are partnering on the project, which will include a hotel, casino and 650,000 sq. ft. of retail space.

Plaza Internacional will serve approximately two thirds of Puerto Rico’s population of 4 million people.

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