REAL ESTATE

Planet Beauty opens three boutiques in SoCal

BY Michael Fickes

Costa Mesa, Calif. — Over the last three months, Planet Beauty has opened boutiques in three Southern California cities — Corona del Mar, Del Mar and Huntington Beach — bringing the chains store count to 34.

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REAL ESTATE

Nordstrom Rack to West Palm Beach, Fla.

BY Michael Fickes

Seattle — Nordstrom has announced plans to open a 35,000-sq.-ft. Nordstrom Rack at Palm Beach Outlets now under construction in West Palm Beach, Fla., in the fall of 2014.

A joint venture between New England Development and Eastern Real Estate, the 900,000-sq.-ft. outlet center will occupy the site of the old Palm Beach Mall, just off Interstate 95 on Palm Beach Lakes Boulevard. Scheduled to open in February, the center will feature 80 to 100 outlet stores and an adjacent retail center with national tenants.

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REAL ESTATE

Grand Opening: The Outlet Shoppes at Atlanta

BY Michael Fickes

Chattanooga, Tenn. — The Outlet Shoppes at Atlanta celebrated its grand opening with a ribbon-cutting ceremony this morning.

A joint venture and co-development of CBL & Associates Properties and Horizon Group Properties, the 370,000-sq.-ft. center features a host of national brands and designer outlets.

Located north of Atlanta at a newly constructed exit off Interstate 575, more than 112,000 vehicles pass the site daily. The center is also convenient to travelers on Interstates 75, 85, and 20.

Estimates project that The Outlet Shoppes will draw more than four million visitors annually from a three-state area and generate more than $130 million in annual sales.

Already 97% leased, the site can accommodate an additional 30,00 sq. ft. of outlet shops. It also offers seven parcels for restaurants, service businesses and other retail uses.

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