REAL ESTATE

REI to open two new locations in spring 2014

BY Katherine Boccaccio

Seattle — Outdoor retailer REI announced Thursday it will open two new stores in the spring, one in Flagstaff, Ariz., and the other in Columbus, Ohio.

The 23,550-sq.-ft. Flagstaff store will be located at Aspen Place at the Sawmill at the corner of Lone Tree Road and Butler Avenue. Part of the latest phase of development at the shopping center, the store will be near downtown Flagstaff and Northern Arizona University. With a presence in Arizona for more than 25 years, REI also has stores in Tempe, Paradise Valley and Tucson that opened in 1986, 1996, and 2010.

The Columbus store will open in Easton Gateway at the corner of Stelzer Road and Morse Road. The newly constructed 23,400-sq.-ft. location will also feature a wide assortment of gear and apparel to help outfit boating enthusiasts. The company opened its first Ohio store in Cincinnati in October 2012.

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REAL ESTATE

CineBistro’ dinner-and-a-movie signs up for Liberty Center

BY Michael Fickes

Cincinnati — Cobb Theatres’ CineBistro will co-anchor Cincinnati’s 1.1 million-sq.-ft. Liberty Center with Dillard’s, according to center developers Steiner + Associates and Bucksbaum Retail Properties. The developers plan to announce a third anchor in coming weeks.

CineBistro was recently named as “one of eight theatres redefining the movie-going experience” by Entertainment Weekly.

At Liberty Center, CineBistro will span about 82,000 sq. ft. and include 2,200 seats in 16 theatres. Six of the theatres will feature the full CineBistro experience, characterized by a chef-driven menu, seat-side dining and a full bar and extensive wine list.

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Karate 4 Kids Martial Arts to relocate to Plaza Del Oro

BY Michael Fickes

Tucson — Lifetime Martial Arts #1 is relocating Karate 4 Kids Martial Arts to Plaza Del Oro Shopping Center. The new location will open in mid-June.

Commercial Retail Advisors represented the tenant and CBRE represented the shopping center.

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