REAL ESTATE

Ross Stores to enter Chicago area with 12 locations

BY Katherine Boccaccio

Pleasanton, Calif. — Ross Stores said Tuesday that it will simultaneously open 12 stores on Oct. 8, all located in the greater Chicago area.

The new Ross Dress for Less stores will open simultaneously in Algonquin, Arlington Heights, Bloomingdale, Crystal Lake, Matteson, Naperville, Niles, Orland Park, Rockford, Schaumburg, Skokie and South Elgin.

"We are excited to be entering the Chicago area, which will significantly expand our national footprint," said Michael Balmuth, vice chairman and CEO, Ross Stores.

Ross said the new store openings will generate about 600 jobs.

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REAL ESTATE

Subway opens 600 new locations over three months

BY Staff Writer

Milford, Conn. — Subway Restaurants said Monday that its franchisees have opened nearly 600 new locations in 48 countries, 42 U.S. states and seven Canadian provinces over the past three months, bringing the total of new Subway restaurants to just over 1,200 for the year so far.

The new restaurants account for 1.4 million sq. ft. of retail space.

According to the company, milestones for the period include reaching more than 600 locations in Brazil, 300 locations in Oregon, 200 in Russia and the very first Subway restaurant in Liechtenstein.

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REAL ESTATE

Big Lots to open at Reisterstown Road Plaza

BY Staff Writer

Baltimore — Oak Brook, Ill.-based Inland Western Retail Real Estate Trust announced that Reisterstown Plaza Associates LLC, one of its wholly owned subsidiaries, has signed a lease with Big Lots to occupy a 35,000-sq.-ft. location at Reisterstown Road Plaza in Baltimore.

The Big Lots is slated to open this fall and brings the center to more than 92% leased.

Reisterstown Road Plaza is a 796,733-sq.-ft. power center located in a high density area with a population exceeding 150,000 within a 3-mile radius. The center includes 200,000 sq. ft. of office space and is anchored by Home Depot, Marshall’s, Burlington Coat Factory, Shopper’s World and Giant Foods.

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