REAL ESTATE

Shaw’s Supermarkets to close five underperforming locations

BY CSA STAFF

West Bridgewater, Mass. — Shaw’s Supermarkets has announced that it will close five unprofitable stores in Massachusetts and Rhode Island by the middle of next month.

The company said in a statement that it decided "only after careful evaluation" to close the stores. The Massachusetts stores are in New Bedford, Stoneham and Revere. The Rhode Island locations are in Johnston, and on Bald Hill Road in Warwick.

The stores will be closed by Feb. 17.

The statement said the closings are the result of "the competitive markets we operate in, and today’s difficult economic environment."

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REAL ESTATE

Family Dollar opens at Brice Park

BY CSA STAFF

Reynoldsburg, Ohio — Centro Properties Group announced that a 15,426-sq.-ft. Family Dollar recently opened at Brice Park, in Reynoldsburg, Ohio.

Centro Properties Group, based in New York City, is the owner of Brice Park.

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REAL ESTATE

Charming Charlie to open at Hammond Square

BY CSA STAFF

Hammond, La. — Covington, La.-based Stirling Properties, developer of Hammond Square, said that Charming Charlie will occupy a 9,911-sq.-ft. space on Main Street across from Books-A-Million and Shoe Department Encore.

The anticipated opening is spring 2011, and will accompany openings by Academy Sports + Outdoors and The Children’s Place.

Originally developed as a 430,000-sq.-ft. enclosed mall, the new Hammond Square, located in Hammond, La., is almost double the original size and is designed as a combination power/lifestyle center. Major retailers include Target, Dillard’s, J.C. Penney, Sears, AMC Theater, Best Buy and T.J. Maxx.

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