REAL ESTATE

Simon expands Houston Premium Outlets

BY CSA STAFF

Indianapolis — Simon Property Group announced that it opened the second phase of Houston Premium Outlets in Cypress, Texas.

The 114,000-sq.-ft. expansion brings the property to a total of 541,000 sq. ft. of gross leasable area (GLA) and 145 stores.

The center, located in Cypress, Texas, opened in 2008 and features a collection of brands such as: 7 For All Mankind; Adidas; Ann Taylor; BCBG Max Azria; Brooks Brothers; Burberry; Calphalon Kitchen Outlet; Coach; Cole Haan; DKNY; Elie Tahari; Juicy Couture; Kate Spade; Kenneth Cole; Le Creuset; Michael Kors; Nike; St. John; Tag Heuer; Tommy Hilfiger; True Religion and Under Armour.

Phase II adds 25 new merchants including: Saks Fifth Avenue Off 5th, which will become the center’s largest store, A/X Armani Exchange; American Eagle Outfitters; Chico’s; David Yurman; Ed Hardy; Esprit; Haggar Clothing Co.; J.Crew; Jockey; Joe’s Jeans; Jos. A. Bank; Lacoste; Merrell; Nautica; New York & Co.; Nestle Toll House by Chip; Original Penguin; Talbots; Tory Burch; Tumi; White House Black Market and Wilsons Leather.

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SUPPLY CHAIN

Talbots, JDA Software team toward inventory improvements

BY CSA STAFF

Scottsdale, Ariz. — JDA Software Group, The Supply Chain Co., announced Thursday that Talbots has selected JDA Allocation to optimize product allocations at its 580 stores in the United States and Canada.

The solution is being implemented to help Talbots eliminate the manual process of creating store-specific allocations based on inventory and assortment plans for new and existing products. The retailer selected JDA Managed Services to handle the long-term, day-to-day management and operation of JDA Allocation.

“We believe the functionality of JDA Allocation will enhance our ability to allocate product to the right store at the right time,” said John Kovac, senior VP and chief information officer, Talbots.

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FINANCE

Jones Lang LaSalle introduces new real estate tax mitigation alliance

BY CSA STAFF

Chicago — Jones Lang LaSalle announced it has formed an alliance with the Property Tax division within Thomson Reuters’ Tax & Accounting business to provide tax mitigation services to corporate real estate clients.

Jones Lang LaSalle’s Real Estate Tax Mitigation offering provides review, recommendations and appeal processes to manage a corporation’s real estate tax budget.

The Real Estate Tax Mitigation team annually reviews all owned and leased locations; updates and compares valuations to those imposed by taxing authorities; and supplements the review and appeal process with experts in the field.

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