REAL ESTATE

Performance Bicycle to open at Sutton Square shopping center

BY CSA STAFF

Raleigh, N.C. Jacksonville, Fla.-based Regency Centers announced it has leased retail space at Sutton Square shopping center to Performance Bicycle.

Specializing in cycling equipment, apparel and accessories, Performance Bicycle has leased 9,011 sq. ft. for the retailer’s first location in Raleigh and is slated to open for business in May.

Performance Bicycle has four North Carolina locations in Cary, Charlotte, Chapel Hill and Greensboro and 86 nationwide.

Regency Centers acquired the 101,846-sq.-ft. Sutton Square in 2007 and undertook a major redevelopment of the property, re-anchoring the shopping center with a 24,167-sq.-ft. The Fresh Market and remerchandising the tenant mix to add upscale retailers such as At Ease Clothing Boutique, Chockey’s Menswear and Silverland Jewelry.

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REAL ESTATE

Centro appoints property management exec

BY CSA STAFF

New York City Centro Properties Group announced that John Priede has joined the company as VP property management, southeast region.

Based in Alpharetta, Ga., Priede oversees the property management group responsible for 85 community and neighborhood shopping centers totaling over 15 million sq. ft. in Georgia; Mississippi; North Carolina; and Tennessee.

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REAL ESTATE

Cartier plans expansion in India

BY CSA STAFF

Mumbai, India Cartier said Thursday it plans to expand its distribution network in India, according to a report by the Financial Times.

At present, Cartier has a total of 14 boutiques in the UAE; Kuwait; Qatar; Bahrain; Lebanon; and India.

It has one boutique in New Delhi and 15 retailers in 8 other major Indian cities.

According to the report, Cartier plans to open more such boutiques by the end of 2010 in the Middle East and India.

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