REAL ESTATE

Retail real estate’s biggest show kicks off

BY Katherine Boccaccio

Las Vegas — On Monday morning, RECon 2012, the International Council of Shopping Centers’ annual retail real estate convention in Las Vegas, kicks off with an expected 31,000+ attendees from around the globe.

Running through Wednesday, May 23, RECon will encompass three halls of the Las Vegas Convention Center – or over 1 million sq. ft. – with more than 1,000 companies exhibiting and highlights such as The Cities of the World Pavilion and a keynote presentation by Leslie H. Wexner, founder of Limited Brands.

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REAL ESTATE

Subway plans 1,200 stores for 2012, making deals at RECon

BY Katherine Boccaccio

Milford, Conn. — Sandwich mega-chain Subway said Friday that it has set 2012 development goals of 1,200 North American locations and, toward that end, said a large contingent of company representatives will be in attendance at the International Council of Shopping Centers’ RECon event in Las Vegas, May 20-23.

"More than 100 Subway developers, field staff and leasing specialists from all across North America will be attending the event," said Chris Kan, training and business promotion specialist for Subway Real Estate. "We will be looking for sites and ready to make deals."

Subway said it is exploring opportunities in traditional shopping centers, mall and freestanding locations as well as non-traditional venues such as hospitals, colleges, sports arenas and airports.

Since January, Subway has opened nearly 900 new stores in 58 countries, 42 U.S. states and seven Canadian provinces.

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REAL ESTATE

Weis Markets breaks ground on what will be its first LEED-certified store

BY Katherine Boccaccio

Sunbury, Pa. — Weis Markets on Thursday announced it has begun the construction of an environmentally innovative 65,000-sq.-ft. superstore in Fogelsville, Pa.

When construction is completed, the store is expected to achieve U.S. Green Building Council’s LEED certification for measurably reducing or mitigating its environmental impact for sustainable site development, water savings, energy efficiency, material selection and indoor environmental quality.

The Fogelsville unit will be the grocer’s first LEED-certified store.

It will incorporate advanced refrigeration technologies to reduce refrigerant emissions by 60%, compared with the typical supermarket. These systems decrease the store’s impact on the ozone layer and climate change.

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