REAL ESTATE

Southaven Towne Center Opens

BY CSA STAFF

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.

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REAL ESTATE

Report: Spartan Passes on Farmer Jack Chain

BY CSA STAFF

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.

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REAL ESTATE

Factory Card Examines HQ Options

BY CSA STAFF

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.

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