REAL ESTATE

REI to make South Carolina debut this fall

BY CSA STAFF

Greenville, S.C. — Seattle-based Recreational Equipment Inc. (REI) announced it will open its first store in South Carolina this fall, in Greenville.

The one-story, 22,000-sq.-ft. store will also feature a community space for REI and its local partners to hold outdoor-related classes, presentations and events.

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JCPenney completes new $1.25 billion credit facility

BY CSA STAFF

PLANO, Texas — JCPenney has completed a new five-year $1.25 billion bank credit facility.

The new facility replaces a $750 million credit facility that was scheduled to mature in April 2012 and provides further strength to the company’s liquidity position. The facility may be used for general corporate purposes and will mature in April 2016.

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REAL ESTATE

Golfsmith to enter D.C. area

BY CSA STAFF

Vienna, Va. — Golfsmith announced it will open its first metro Washington, D.C., location in Tysons Corner, Va., this June. The new location is part of an aggressive growth strategy for the company.

Golfsmith’s stores offer an interactive experience, and customers are encouraged to test out clubs and gear inside the store before purchasing. They can also use one of the four custom-fitting studios to test drive new clubs. The company also offers free custom club fitting services.

"The Metro D.C. area is a hotbed for golfers and a key reason for our entry into this market," said Golfsmith president and CEO Marty Hanaka. “Our goal is to help golfers of all levels find the right solutions for their game so they play better.”

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