Southaven Towne Center Opens
Southaven, Miss., Southaven Towne Center opened here, near Memphis, Tenn. The open-air shopping center from CBL & Associates Properties, based in Chattanooga, Tenn., is a 447,000-sq.-ft. center. Tenants include J.C. Penney, Circuit City, Linens ‘n Things, Pier 1 Imports, Sportsman’s Warehouse, Cost Plus World Market and Gordmans, plus more than 30 small shop retailers and numerous restaurants.
Report: Spartan Passes on Farmer Jack Chain
Detroit, The Detroit Free Press reported that Spartan Stores declined to acquire Farmer Jack, the 70-store chain owned by the Great Atlantic and Pacific Tea Co.
Farmer Jack has been on the market since May; thus far, Spartan has been its most serious suitor.
Factory Card Examines HQ Options
Naperville, Ill., Factory Card & Party Outlet Corp. retained Grubb & Ellis Company, a provider of integrated real estate services, to explore strategic alternatives related to the February 2008 lease expiration at its existing headquarters and distribution center in Naperville. The facility provides 440,000 sq. ft. of total space including 70,000 sq. ft. of attached office space.