REAL ESTATE

Smoothie King to open 100 stores in 2013

BY Katherine Boccaccio

New Orleans — Smoothie King Franchises said Monday it plans to open 70 franchise and 30 corporate locations across the U.S. in 2013.

Since December 2012, the smoothie franchise has acquired six additional locations in Florida and Texas, bringing the total number of corporate stores to seven. The company also has opened six new franchise locations since the start of the year.

Smoothie King said it is on track to sign 100 new U.S. franchise agreements this year. Additionally, the company has plans to open 50 new international stores, including 40 in South Korea and 10 in Singapore.

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REAL ESTATE

Glimcher names exec to focus on acquisition strategy

BY Katherine Boccaccio

Columbus, Ohio — Glimcher Realty Trust announced Ward Kampf has been appointed from within to the role of SVP, strategic investments, charged with finding high-quality acquisition opportunities consistent with the company’s investment criteria. In the last 18 months, Glimcher has closed on five acquisitions.

Previously SVP, retail strategies, Kampf oversaw retail and leasing strategies for key developments and acquisitions. He joined the company in 2009.

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REAL ESTATE

Madison Marquette to lease retail space for Dilworth Plaza

BY Katherine Boccaccio

Philadelphia — Philadelphia’s Center City District, a private-sector sponsored business improvement district, announced on Friday that it has retained Madison Marquette Retail Services to lease the retail space for Dilworth Plaza.

As part of a major transformation of Dilworth Plaza, premium retail space for the operation of a café concept is available, encompassing 600 sq. ft. with indoor and outdoor seating that can accommodate 60.

“Dilworth Plaza will be one of the most important new civic spaces in the country, providing retailers the opportunity to operate in the Center Square of the city,” said Paul R. Levy, president and CEO, Center City District.

The Dilworth Plaza transformation, which began in January 2012 and is slated for completion in summer 2014, will create a barrier-free plaza with public amenities. Adjacent to the restored National Historic Landmark City Hall, the Plaza will link the Avenue of the Arts to the Benjamin Franklin Parkway and connect West Market office buildings to convention hotels and department stores on Market East.

CCD selected Madison Marquette Retail Services as an advisor in its efforts to secure a premier operator for the café space and additional retail moving forward.

In addition to the Dilworth Plaza consultation, MMRS will assist CCD in the enhancement of retail activities in two other downtown parks, Sister Cities Park and John F. Collins Park.

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