OPERATIONS

Staples announces CFO promotion

BY Staff Writer

Framingham, Mass. — Staples said Tuesday it is promoting Christine Komola to CFO, effective Feb. 1.

Komola, a 14-year veteran of the company, will report to the company’s vice chairman, John Mahoney, who has been CFO since 1996.

She has served as VP planning and control, senior VP and corporate controller and CFO of the company’s website.

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REAL ESTATE

Eight national retailers to open at River Chase

BY Staff Writer

Covington, La. — Stirling Properties said Monday that River Chase Shopping Center Phase Two, which broke ground in August, has added eight new national tenants that will bring 85,000 sq. ft. of retail space to River Chase as part of an expansion to the development’s existing shopping center. All stores are expected to open spring 2012.

Five of the eight national tenants have signed leases. Michaels will occupy 28,290 sq. ft., Chuck E. Cheese’s will occupy 15,400 sq. ft., Ulta will occupy 10,000 sq. ft., Charming Charlie will occupy 8,000 sq. ft., and Carter’s will occupy 4,300 sq. ft.

The remaining three national tenants are in lease and will be announced in the near future.

This announcement comes on the heels of the official announcement that Wal-Mart Stores will build an upscale Sam’s Club at River Chase, which is scheduled to open in fall 2012 — just months after these multiple retailers open.

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REAL ESTATE

AT&T opens at Huntley Grove

BY Staff Writer

Huntley, Ill. — Tucker Development Corp. said that AT&T has opened a new store at Huntley Grove, the developer’s 350,000-sq.-ft., multi-tenant shopping center in Huntley, Ill.

AT&T occupies a 1,000-sq.-ft. space at the center.

Huntley Grove is anchored by a 176,000-sq.-ft. Walmart Supercenter, joined by State Farm, T-Mobile, AutoZone, The UPS Store and Jimano’s Pizzeria.

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