REAL ESTATE

Rite Aid chooses AMTdirect’s real estate management solution

BY Michael Fickes

Charlotte, N.C. — Rite Aid Corporation has selected AMTdirect’s real estate software solution to manage its portfolio of more than 5,800 locations. AMTdirect’s integrated platform will help Rite Aid define and implement its real estate strategy by consolidating data, streamlining key business processes and informing decision-makers at all levels.

Rite Aid’s goal was to find a software solution with accounting and reporting tools that could address all phases of the real estate lifecycle and manage information in a way that was accessible and intuitive.

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REAL ESTATE

Village on Pooler Parkway nets seven new retailers

BY Michael Fickes

Pooler, Ga. — With the addition of seven new leases, GBT Realty Corporation’s Village on Pooler Parkway is 95% leased months before its scheduled opening in the first quarter of next year. Anchored by T.J.Maxx, Ross Dress for Less, Michaels and PetSmart, the 143,000-sq.-ft. development has now added Kirkland’s, Hibbett Sports, Visionworks, Legacy Nails, Sprint, GNC and Kay Jewelers to the mix.

In addition to the retailers, several restaurants will open in the development. Panera Bread will feature a drive-thru, the first of Panera’s new prototype design in the market. Logan’s Roadhouse and McDonald’s are already open, and the Olive Garden opens next week.

The remaining space includes a 4,000-sq.-ft. to 5,000-sq.-ft. pad building featuring a large patio.

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REAL ESTATE

Charter arranges TJX lease at Meriden Mall

BY Michael Fickes

Meriden, Conn. — A TJX Marshall’s store has leased a 23,137-sq.-ft. space at the Meriden Mall in Meriden, Conn. Charter Realty and Development represented the TJX Company in the transaction. Charter Realty is TJX’s exclusive broker for Connecticut, and this is the 25th lease TJX lease the company has arranged.

Anchored by Best Buy, Dick’s Sporting Goods and Macy’s, the 894,435-sq.-ft. mall, owned by The Westfield Group, has 142 stores and ranks as the seventh largest mall in Connecticut.

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