REAL ESTATE

REI makes Ohio debut

BY Gail Hoffer

Seattle — REI (Recreational Equipment Inc.) announced that it will open its first location in Ohio next fall at Rockwood Commons in Cincinnati. The one-story location will occupy 22,000 sq. ft. and will serve more than 5,000 active REI members as well as other outdoor enthusiasts in the community.

The company also announced that it will open a store in Medford, Ore. The 23,500-sq.-ft., one-story location will open next fall in Alba Village and help outfit approximately 7,300 local active members and other adventurers.

Both the Cincinnati and Medford stores will house bike, ski and snowboard shop services for quick assemblies and repairs, and a seasonal gear rental department for customers looking to test new activities.

REI said it is also relocating its current store in Cary, N.C. from Crossroads Plaza to Devonshire Place in the spring of 2012, which will allow REI to expand from approximately 21,000 sq. ft. to 27,200 sq. ft. The larger footprint will allow the retailer to increase its product offerings in cycling, footwear and paddling, the company said.

For the stores in Cincinnati and Medford, REI will recruit between 40 and 50 new employees, the company said.

REI operates 122 retail stores in 29 states. The new stores will join three additional 2012 store openings in Indianapolis, (opening in the spring), Oxnard, Calif., and Woodbridge, Va. (both opening in the fall).

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REAL ESTATE

Simon and Genting open first Premium Outlet Center in Southeast Asia

BY Staff Writer

Indianapolis — Simon Property Group announced that, in 50/50 partnership with Genting Berhad, it has opened Johor Premium Outlets, its first Premium Outlet Center in Southeast Asia.

The center encompasses 173,000 sq. ft. of GLA featuring 80 stores and is strategically located in Johor Bahur, Malaysia. A grand opening celebration will take place on December 11.

Johor Premium Outlets introduces the concept of upscale outlet shopping to Southeast Asia. The collection of merchants highlights international designers and leading brands offering everyday savings of 25% to 65% including Adidas, Armani, Brooks Brothers, Burberry, Canali, Coach, Esprit, Ermenegildo Zegna, Gap, Guess, Lacoste, Michael Kors, Nike, Oroton, Ralph Lauren, Royal Selangor, Salvatore Ferragamo, Swiss Watch Gallery, Timberland, Tommy Hilfiger, Tumi and more.

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True Religion opens at Cherry Hill Mall

BY Staff Writer

Cherry Hill, N.J. — Philadelphia-based Pennsylvania Real Estate Investment Trust said that True Religion has opened at Cherry Hill Mall, located in Cherry Hill, N.J.

The 1,500-sq.-ft. fashion denim store is located by the Grand Court.

The opening is part of the mall’s $200 million complete renaissance, which includes the addition of white-linen restaurants Seasons 52, Maggiano’s Little Italy, The Capital Grille, and California Pizza Kitchen; a new parking deck; the addition of an upscale retail wing; a redesigned and relocated food court now called Cherry Hill Cafés, and extensive interior and exterior renovations.

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