REAL ESTATE

Ross adds 24 new locations to existing 1,130 stores

BY Michael Fickes

Pleasanton, Calif. — Ross Dress for Less opened 24 new locations last Friday, on Oct. 11. The openings complete the retailer’s 2013 expansion plan to open 65 new locations this year.

The new store openings bring the total of Ross stores to 1,154. Four of the new Ross stores opened in Illinois, three in Missouri and one in Indiana, as the retailer continues its growth in new markets it has entered over the past two years.

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REAL ESTATE

Dd’s Discounts opens nine new locations

BY Michael Fickes

Pleasanton, Calif. — Dd’s Discounts recently opened nine new locations across five states as part of the retailer’s 2013 expansion program totaling 23 new locations.

The retailer now operates 131 locations in eight states. The new stores are located in California (4), Texas (2), Arizona (1), Florida (1) and Tennessee (1).

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REAL ESTATE

Levin: Retail leasing remains strong through summer

BY Michael Fickes

North Plainfield, N.J. — Retail leasing activity remained strong through the spring and summer months of 2013, according to Levin Management, which reports more than 295,000 sq. ft. of renewals and transactions from Easter through Labor Day. The company’s portfolio includes 90 properties totaling 12.5 million sq. ft. of space in New Jersey, New York, Pennsylvania, Virginia and North Carolina.

“Following 2012’s marked improvement in leasing volume, 2013 has seen a continuation of that momentum,” said Michael Cohen, Levin Management’s VP leasing. “We are seeing demand from national, local and franchise companies. The category base reflects broad variety as well, with restaurants, apparel, pet supplies, gyms and person services tenants among the most active tenant types — following several years in which value-oriented retailers dominated.”

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