REAL ESTATE

Scottrade to open in Caligo Crossing

BY CSA STAFF

Coconut Creek, Fla. Online brokerage firm Scottrade has lease a 1,500-sq.-ft. Space in Caligo Crossing in Coconut Creek, Fla.

According to developer Regency Centers, based in Jacksonville, Fla., Scottrade is slated to open this summer.

The 108,927-sq.-ft. center is anchored by Kohl’s. Retail shop space includes Tijuana Flats Burrito and Mattress Firm.

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REAL ESTATE

Office Depot unveils new format

BY CSA STAFF

Albuquerque, N.M. Office Depot unveiled on Tuesday its remodeled store in the Towne Park Plaza Shopping Center in Albuquerque, N.M., according to the New Mexico Business Weekly.

Office Depot converted its Duke City flagship to its M2 retail format where products are grouped in strategically located “pods,” with core supplies at the outer perimeter of the store. Furniture and technology have been moved to the store’s center to better support consultant sales. Bold signage, updated colors and new flooring are part of the package.

Company officials did not release the cost of the remodel.

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News

Target finds fault in RiskMetrics report

BY CSA STAFF

MINNEAPOLIS Target pointed out a number of flaws in a RiskMetrics report on Target’s ongoing proxy contest.

According to reports, Target noted in a white paper that the proxy firm was incorrect in calling the company’s real estate ownership “atypical” and noted that other big-box retailers, including Lowe’s and Costco all own a large amount of their U.S. real estate. Target took issue with RiskMetrics’ claim that the retailer was resistant to change, pointing out that it has added six new board members since 2002.

RiskMetrics, according to reports, is supporting Pershing Square’s William Ackman and former Starbucks CEO James Donald for Target’s board.

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