REAL ESTATE

Stanbery names partner for leasing and acquisitions

BY Michael Fickes

Bexley, Ohio Stanbery Development has named Marc Hays as a partner. He will focus on finding locations for new developments and acquisitions as well as leasing.

Hays joins Stanbery from DDR Corp., where h oversaw leasing and site feasibility analysis for acquisitions and investments primarily in the Northeastern, Midwestern and Western United States. During his 11-year career at the retail real estate investment trust, he attained senior-level experience in Brazil, Puerto Rico and specialty center leasing in the United States.

Hays will continue to work primarily from his home base in Cleveland.

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REAL ESTATE

Four new retailers sign into Fashion Valley

BY Michael Fickes

San DiegoSimon Property Group has announced that AllSaints, Pink, lululemon athletica and Free People plan to open stores at San Diego’s Fashion Valley in coming months.

British fashion house, AllSaints will open a 5,200-sq.-ft. space in late March. The international retailer now has 107 stores in eight countries.

PINK plans a July opening in a 5,500-sq.-ft. standalone store. This summer, lululemon athletic will open a 3,800-sq.-ft. store. Free People will follow along later this year.

In addition, Victoria Secret plans to expand its space, and Lorna Jane will re-locate.

Fashion Valley spans more than 1.7 million sq. ft. and offers more than 200 stores. Anchors include Neiman Marcus, Nordstrom, Bloomingdale’s, Macy’s and J.C. Penney.

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REAL ESTATE

Walgreens opens on New Orleans Westbank

BY Michael Fickes

Covington, La. Stirling Properties has announced the opening of a full-service Walgreens in Terrytown on the Westbank of New Orleans. The new drugstore stands on the site of a former shopping center anchored by an A&P Grocery store and an Eckerd Drug store.

The 17,384-sq.-ft. store has a drive through window and full service pharmacy. Observers say the store may serve as a catalyst for future development in the aging retail corridor. As a preferred developer for the Walgreens Co. in the Gulf South, Stirling provided pre-development services, including lease negotiation, permitting, financing, design and construction and project management.

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