REAL ESTATE

P.S. From Aeropostale launches brand in Mexico, 100 stores on tap

BY Katherine Boccaccio

New York — Aeropostale, Inc. will roll out its P.S. from Aeropostale brand in Mexico through a licensing partnership with Distribuidora Liverpool, S.A. de C.V.

P.S. from Aeropostale’s expansion plans in Mexico include the opening of branded in-store shops in Liverpool department stores, as well as standalone stores, across Mexico beginning in summer 2014. The first store opened in July at Sante Fe Mall in Mexico City.

“In just one year, the Aeropostale brand has seen rapid growth and great strength in Mexico,” said Thomas P. Johnson, CEO, Aeropostale, Inc.

Johnson said the company plans to open more than 100 P.S. locations in the country over the next several years.

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REAL ESTATE

Phillips Edison-ARC expands portfolio in Texas with two acquisitions

BY Katherine Boccaccio

Cincinnati — Phillips Edison-ARC Grocery Center REIT II, Inc. has acquired two grocery-anchored shopping centers, Northpark Village and Spring Cypress Village, both located in Texas.

Northpark Village is a 70,479-sq.-ft. grocery-anchored shopping center in Lubbock, anchored by United Supermarkets and tenanted by GNC, Starbucks, Super Tan and Sun Loan Company.

Spring Cypress Village is a 97,550-sq.-ft. grocery-anchored center in Houston, anchored by Sprouts and tenanted by Burger King, State Farm Insurance and Spec’s.

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Target opens three new Canadian stores; plans three more

BY Dan Berthiaume

Mississauga, Canada – Target opens three new stores in Canada Aug. 1 and plans three more new Canadian stores later in the fall. The stores are located at Erin Mills Town Centre in Mississauga, Ontario; Park Place in Barrie, Ontario and Carrefour Candiac in Candiac, Quebec.

The opening of the three new stores brings the total number Target stores open in Canada to 130. The stores in Barrie and Candiac are new buildings. Target has opened six stores in Canada this year, three of which were built from the ground up. Target employs an average of 150 team members at each of its Canadian locations, including the three new stores.

The three new stores will also feature a licensed Starbucks, as well as in-store pharmacies. Each of the three new stores will carry an extensive range of Target-owned and exclusive brands, as well limited time collaborations with Beaver Canoe (a member of the Roots Canada family); and ongoing collaborations such as the Nate Berkus Collection, Sonia Kashuk and Pixi beauty collections and Shaun White apparel.

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