REAL ESTATE

St. Johns Town Center Opens in Jacksonville

BY CSA STAFF

Jacksonville, Fla., Indianapolis-based Simon Property Group opened St. Johns Town Center, a 1.5 million-sq.-ft. open-air retail project in Jacksonville, Fla., comprised of a town center and a community center. St. Johns features Dillard’s, Barnes & Noble, Dick’s Sporting Goods, Target, Ashley Furniture, Designer Shoe Warehouse, JoAnn Fabrics, Old Navy, PETsMART, Pier 1, Ross Dress For Less and Staples. Restaurants complementing the retail offerings include The Cheesecake Factory, Maggiano’s and P.F. Chang’s. The center is 100% leased and committed.

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REAL ESTATE

Grocery Outlet Adds Six New Stores

BY CSA STAFF

Berkeley, Calif., Responding to what it calls “consumer demand,” Grocery Outlet is expanding in the Northwest with the addition of six new stores in Oregon, Idaho, Nevada and Washington, and the relocation of two stores in Oregon. The new store openings bring to eight the number of stores that the value grocer has opened since November 2004 in the Northwest and Northern California. Each of the new stores will be run by Grocery Outlet independent operators, who have experience in other stores in the network. Grocery Outlet operates 118 extreme-value stores in the United States.

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REAL ESTATE

Wal-Mart Proposes Two Stores for One Limit

BY CSA STAFF

Dunkirk, Md., AWal-Mart proposal to build two stores side-by-side in Dunkirk, Md., may meet the letter of the law that limits big-box stores to 75,000 sq. ft., but not the spirit, according to critics. The Washington Post reported that the Calvert County Planning Commission has indefinitely postponed consideration of the proposed Wal-Mart project. The postponement could give time for commissioners to close a loophole in their regulations, the newspaper reported.

According to the newspaper, Wal-Mart officials said their Dunkirk plan meets the laws on the books. Technically, the project has two stores. One is less than 75,000 sq. ft. The other is a 22,689-sq. ft. garden center next door. Both have their own entrances, restrooms, and separate utilities.

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