REAL ESTATE

Randolph Mall drafts Dunham’s Sports

BY Michael Fickes

Chattanooga, Tenn. CBL & Associates Properties has announced that Dunham’s Sports has leased a 60,200-sq.-ft. space in Randolph Mall in Asheboro. N.C. Scheduled to open for the 2013 holiday shopping season, the new Dunham’s will replace Dillard’s, which closed in late July.

Belk, J.C. Penney, Sears and Cinemark theatre anchor the 380,000-sq.-ft. regional Randolph Mall.

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REAL ESTATE

OfficeMax to the Shops of Sherman Plaza

BY Michael Fickes

Chicago — OfficeMax has leased a 4,942-sq.-ft. space at the Shops of Sherman Plaza in Evanston, Ill. The CBRE Group represented the landlord, Inland American Retail Management, in the transaction.

OfficeMax will join other Sherman Plaza brands including The North Face, Ann Taylor Loft, Barnes & Noble Booksellers and LA Fitness.

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REAL ESTATE

Phase I underway at The Shoppes at Parma

BY Michael Fickes

Parma, OhioPhillips Edison & Company has broken ground on The Shoppes at Parma — formerly Parmatown Mall. Phase I will focus on infrastructure. Work will include new lighting, new sidewalks and the restoration of the parking lots. In addition, the contractor will prepare out-parcels for development. Phase I will wrap up this fall.

The project will go beyond a basic facelift. “Besides bringing in additional shops, restaurants and services, we will create a more attractive, pedestrian-friendly, family-oriented environment that will act as a town center for Parma residents and surrounding communities,” said Roy Williams, senior VP of Phillips Edison’s Strategic Investment Funds.

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