REAL ESTATE

Pottery Barn, Pottery Barn Kids enter Philippines

BY Dan Berthiaume

San Francisco – Pottery Barn and Pottery Barn Kids opened stores Tuesday, July 15 at Central Square, Bonifacio High Street, a premier retail destination in Manila, Philippines. As part of parent company William-Sonoma Inc.’s strategic global expansion, these stores are the first Pottery Barn and Pottery Barn Kids locations in Southeast Asia.

Both stores are organized according to lifestyle displays. There are destinations within the Pottery Barn store dedicated to living rooms, outdoor spaces, dining rooms, bedrooms and bathrooms, as well as feature walls that display lighting, rugs, and window treatments. Focused displays on bedding, dinnerware, frames, and candles are also featured throughout the retail floor.

At the center of each store is Design Studio, a destination for customers to get expert advice from specially trained associates. Complimentary design specialists assist customers with decorating needs, from furniture selection and room planning to entertaining ideas.

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REAL ESTATE

DDR opens center in New Hampshire Aug. 12

BY Dan Berthiaume

Beachwood, Ohio – DDR Corp. will hold the grand opening of Seabrook Commons, the company’s most recent ground-up development project located in Seabrook, New Hampshire, on Aug. 12. This 380,000-sq.-ft. prime power center is 96% leased, anchored by Wal-Mart, Dick’s Sporting Goods, PetSmart, Michaels, Ulta, Famous Footwear and Five Below, and features a complementary restaurant lineup that includes Panera, Outback Steakhouse and Noodles & Company.

Seabrook Commons features a trade area population of 251,000 people, an average household income of $90,000, and is located at the first exit north of the Massachusetts-New Hampshire border on Interstate 95. The center will provide more than 500 local jobs.

"We are very pleased to officially open our first ground-up development project for 2014,” said Paul Freddo, senior executive VP of leasing and development for DDR. “Consistent with our strategic initiative, Seabrook Commons enables us to assist the external growth aspirations of our retail partners, monetize another portion of our development land bank and achieve an 8% unlevered return on incremental invested capital."

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Ross Dress for Less opens Pennsylvania, New Jersey stores July 19

BY Dan Berthiaume

Dublin, Calif. – Ross Dress for Less will open two new stores in the Mid-Atlantic region on July 19. The stores opening are in the MacDade Mall in Glenolden, Pennsylvania and Windsor Heights Shopping Center in East Windsor, New Jersey.

These new openings are part of the retailer’s 2014 expansion program, totaling approximately 75 new locations during the year.

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