REAL ESTATE

Smashburger to enter San Diego market

BY CSA STAFF

New York City Smashburger has signed a deal with a San Diego company to open seven restaurants in that market in the next two years, marking the Denver-based franchise restaurant’s entry into Southern California, according to the Denver Business Journal.

It will partner with Smash Bros LLC, a nontraditional retail and commercial development firm and partner company to Elkins-Whisenhunt.

Smashburger has signed franchise agreements to open more than 300 stores across the country, including about 40 expected to be operating by year-end. Two locations expected to open next year in Sacramento will represent its first stores in California.

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REAL ESTATE

Five Below to open six stores

BY CSA STAFF

Philadelphia Philadelphia-based discount retailer Five Below plans to open six stores during the first week of November.

Three of the stores are located in the Pittsburgh area, a new market for the chain. The other locations are in Philadelphia, Altoona, Pa., and Enfield, Conn.

With the early November openings, Five Below will have 102 stores in nine states, from New Hampshire to Virginia.

By the end of 2010, the retailer hopes to have 200 locations.

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Stein Mart to expand in Scottsdale, Ariz.

BY CSA STAFF

Phoenix Stein Mart, a specialty discount department store, will open its second Scottsdale, Ariz., store on Nov. 5 at The Promenade.

Other tenants at The Promenade include Fox Sports Grill, Maggiano’s Little Italy, Benihana and Nordstrom Rack.

Stein Mart will then have nine stores throughout the state.

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