Shenandoah Plaza Shopping Center sold in Newnan, Ga.
Atlanta — Shenandoah Plaza, a 146,121-sq.-ft. neighborhood center in Newnan, Ga., has been sold to the Georgia Capital Group by RCG-Newnan. Big Lots, Goodwill and Dollar General anchor the center.
The Atlanta office of SRS Real Estate Partners represented RCG-Newnan in the transaction.
Sembler portfolio adds 900,000 sq. ft. in 2013 first half
St. Petersburg, Fla. — The Sembler Co. has added nearly 900,000 sq. ft. to its portfolio of third-party management and leasing assignments through the end of the year’s second quarter.
New assignments include co-managing 672,259 sq. ft. of retail properties across Florida and Georgia with Community Reinvestment Partners II. Sembler will handle leasing for most of the properties.
Sembler has also taken on leasing and management assignments for a 75,000-sq.-ft. center in Windemere, Fla. and a 140,000-sq.-ft. center in Jacksonville, Fla.
Lord & Taylor parent restructures executive management
Toronto — Hudson’s Bay Co. said Tuesday it has changed the structure of its senior management, giving two highly regarded veteran retailers greater responsibilities. The company is moving current president Bonnie Brooks to the vice chairman seat and putting in Liz Rodbell – recently minted executive VP and chief merchant – as president. Both Brooks and Rodbell are highly regarded retail
The company, which owns the Hudson’s Bay banner as well as Lord & Taylor and Home Outfitters, said the transition will be completed by January 2014. Both Brooks and Rodbell will report to CEO Richard Baker, with Brooks serving in an advisory capacity to Baker and the board.
"This new structure will continue to drive our long-term growth strategy, as we build upon the company’s momentum toward revitalizing its banners and product offerings, and strengthening the customer experience," said Baker.
Rodbell, a 25+-year veteran of the company, was named to the executive VP/chief merchant position in February 2012, charged with integrating the Lord & Taylor and Hudson’s Bay banners.