News

Report: Target had early notice of breach

BY Dan Berthiaume

Minneapolis – Target Corp. reportedly had early notice of the holiday data breach that exposed the personal and financial information of millions of customers but did not act upon it. According to Bloomberg, a $1.6 million security application called FireEye notified Target of a possible intrusion in to its network, but the retailer failed to respond.

FireEye, an application also used by the CIA and Pentagon, notified a remote team of security specialists Target had assembled in Bangalore, India, about suspicious network activity on Saturday, Nov. 30. The India-based specialists promptly notified personnel in Target’s Minneapolis headquarters.

Bloomberg quotes anonymous sources at Target as saying the FireEye application successfully detected the uploading of malware into Target’s system, but nothing was done to investigate or respond. In an emailed statement, Target executives told Bloomberg that the retailer is still actively investigating the breach and taking steps to prevent future breaches, and will not comment until all final analysis is complete.

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REAL ESTATE

CBL to develop Parkway Plaza in Ft. Oglethorpe, Ga.

BY Michael Fickes

Chattanooga, Tenn. — CBL & Associates Properties has announced its newest community center development, Parkway Plaza, a 134,100-sq.-ft. project in Fort Oglethorpe, Ga. Construction will begin in June, with the grand opening scheduled for spring 2015. Once complete, the 16+-acre site will offer several national retailers new to the area including anchor stores Hobby Lobby, Marshalls and Petco.

Parkway Plaza is currently 90% leased with the three committed anchors plus Rack Room Shoes and Ross Dress for Less. A Wal-Mart shopping center will shadow anchor the new development.

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REAL ESTATE

Mid-America brokers sale of Shadeland Station in Indianapolis

BY Michael Fickes

Oakbrook Terrace, Ill. — Mid-America Real Estate Corp.’s investment sales team has brokered the sale of Shadeland Station. Time Equities purchased the 104,906-sq.-ft. grocery-anchored shopping center. Marsh Supermarkets and Dollar Tree anchor the center.

Mid-America Real Estate Corp. in cooperation with Mid-America Real Estate – Indiana LLC brokered the transaction exclusively on behalf of the seller, a joint venture between Tri-Land Developments and an affiliate of Equity Group Investments.

Mid-America Real Estate Corporation is a member of Mid-America Real Estate Group, a ChainLinks affiliate.

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