REAL ESTATE

Report: Developer says West Monroe, La., will get shopping center

BY Dan Berthiaume

West Monroe, La. – Real estate developer Gerard Thibodeaux reportedly said that he expects West Monroe, La. to have a long-planned retail shopping center built in the next several years. According to the Monroe News Star, Thibodeaux said a study shows the West Monroe/Monroe trade region, which includes parts of Arkansas and Mississippi, offers 300,000 consumers.

The city of West Monroe reportedly has a list of potential retailers for an anchor store and would prefer a department store/apparel retailer as the anchor. It is estimated the center would generate $100 million in annual retail sales and contribute $2.5 million to the city budget each year.

West Monroe has about 500,000 sq. ft. of retail space available, which Thibodeaux said would require the center to be constructed in several phases. The center would also include a lifestyle center offering non-shopping activities.

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REAL ESTATE

Loft to open in Vancouver

BY Staff Writer

Vancouver — Loft, a division of Ann Inc., will open its first Canadian West Coast location, at The Village at Park Royal, in Vancouver, on Nov. 15.

Since its arrival in Canada last year, Loft has opened five locations across Ontario and introduced international shipping.

"We’re thrilled to meet our new West Coast clients and look forward to collaborating, sharing advice and learning even more about Vancouver women and their unique style," said Austyn Zung, creative director of design, Loft. "The Vancouver store solidifies our commitment to Canada and we look forward to being in this exciting market."

The new 4,823-sq.-ft. store is situated in the heart of the Vancouver shopping center.

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REAL ESTATE

Pearle Vision seeks to license four Orlando stores

BY Dan Berthiaume

Mason, Ohio – Pearle Vision plans to convert four of its stores in Orlando, Fla., from company-owned to licensees. Pearle Vision is currently seeking qualified candidates who are interested in owning and operating a Pearle Vision store to purchase four existing locations for sale in Orlando.

This is part of the company’s 2013 expansion plans to re-license 34 company-owned centers in 10 states. Pearle Vision is now seeking to grow its national footprint and has identified development opportunities in markets from coast-to-coast. In addition, corporate-owned locations in markets such as Florida, Michigan and Ohio also are available.

"To date, we have re-licensed 21 neighborhood eye care centers in markets across the country, giving entrepreneurs the opportunity to own their own business," said Srinivas Kumar, senior VP and GM, Pearle Vision. "Pearle Vision has a 50-year legacy of providing genuine eye care to our patients. As we continue to grow, we’re searching for qualified licensees in Orlando with a passion for their local communities to join the Pearle Vision family."

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