REAL ESTATE

Simon expands Domain project

BY CSA STAFF

Austin, Texas Indianapolis-based Simon Property Group announced that 19 new retailers have already opened and Dillard’s has debuted a 206,000-sq.-ft. store as the company’s successful Domain project continues to expand.

The newest phase of The Domain is anchored by Dick’s Sporting Goods, Dillard’s, and Gold Class Cinema and features the first Westin in Austin, Texas.

The 34-acre site offers 136,000 sq. ft. of small shops and restaurants, 438 apartments and an office component.

American Eagle Outfitters, Aeropostale, Buckle, Express and The Limited, as well as Sushi Zushi and Maggiano’s, have joined the lineup at The Domain, which opened in March 2007.

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REAL ESTATE

7-Eleven sets strategy to fortify Las Vegas real estate position

BY CSA STAFF

Dallas 7-Eleven said Tuesday it has partnered with NAI Corporate Real Estate Services in the Las Vegas market as part of the chain’s efforts to build its presence in the area.

7-Eleven currently operates more than 160 stores in Clark County (Las Vegas). It engaged Salt Lake City-based NAI CRES as its exclusive broker for new store growth, site selection, acquisitions, dispositions and other real estate needs.

In addition to ground-up development and acquisitions, the company’s plans call for the franchise conversions of other retail outlets to 7-Eleven stores.  7-Eleven said plans to remodel some existing operations, creating more franchise and other business opportunities. 

NAI CRES also is providing real estate services for 7-Eleven in Salt Lake City and in Calgary, Alberta, Canada. 

7-Eleven operates, franchises and licenses close to 6,450 stores in the United States under the 7-Eleven brand.

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REAL ESTATE

Lids to open two new stores in Times Square

BY CSA STAFF

Nashville, Tenn. Hat retailer Lids, a division of Genesco, said Tuesday it has signed two leases in Manhattan’s Times Square, which will bring the total number of Times Square locations to four.

This spring, Lids will open a 1,000-sq.-ft. Seventh Avenue shop at 2 Times Square, between West 47th and West 48th Streets, in the same building where the retailer already has an outpost that opens onto Broadway. In the summer, Lids said it plans to open a 1,340-sq.-ft. spot at 1501 Broadway, between West 43rd and West 44th streets.

The retailer, which already five stores in Manhattan, including two in Herald Square and one at South Street Seaport, is planning further growth into other high-trafficked areas, including Union Square, Grand Central and Penn Station.

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