REAL ESTATE

REAL ESTATE NEWS

BY CSA STAFF

Westwood Station, in Westwood, Mass., has received approval by the Massachusetts Environmental Protection Agency. The 4.5 million-sq.-ft. mixed-use project is being developed by

REDEVELOPMENT: Centro Properties Group, New York City, will renovate and redevelop Surrey Square Mall in Norwood, Ohio, converting a partially enclosed mall into a multi-anchored community center that will feature a new 76,000-sq.-ft. Kroger.  

ACQUISITIONS: CBL & Associates Properties, Chattanooga, Tenn., and Teachers’ Retirement System of the State of Illinois have formed a 50/50 joint venture to acquire a portfolio of retail and office buildings in North Carolina, including The Shops at Friendly Center in Greensboro and Renaissance Center in Durham. … Atlanta-based Jones Lang LaSalle has agreed to acquire the assets of The Standard Group, Chicago, a retail transaction-management firm.

REAL ESTATE SERVICES: Barnes & Noble has retained Charlotte, N.C.-based AMTdirect to manage all of the chain’s real estate holdings … Melville, N.Y.-based DJM Realty will manage the national disposition of all 335 Bombay Co. retail and DC leases. … GeoVue, Woburn, Mass., has been retained by Sagittarius Brands for location optimization services for the Del Taco and Captain D’s chains. … New York City-based RCS Real Estate Advisors has successfully auctioned 25 Marsh Supermarkets fee-owned properties, raising about $12 million.

PEOPLE: Pittsburgh-based Glimcher Group has named Craig Polard director of leasing and brokerage, and has named Josh Goldstein manager of leasing services.

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REAL ESTATE

Tiffany to Open in Pittsburgh

BY CSA STAFF

New York, Tiffany & Co. on Tuesday announced plans to open an approximately 5,700-sq.-ft. store in Ross Park Mall, an upscale shopping center in Pittsburgh, in October 2008.

The center’s owner, Simon Property Group, Inc. is currently expanding the center with an additional 65,000 sq. ft. of luxury retailing and restaurants.

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Toys ‘R’ Us Opens First Store in South Korea

BY CSA STAFF

Wayne, N.J. Toys ‘R’ Us will open its first store in South Korea on Dec. 8. The 36,931-sq.-ft. store, located at the Lotte Mart in Guro, will be the largest toy store in the country.

The Lotte Group, one of the premier retailers in South Korea, is opening the store through a license.

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