REAL ESTATE

Subway opens 600 new locations over three months

BY Staff Writer

Milford, Conn. — Subway Restaurants said Monday that its franchisees have opened nearly 600 new locations in 48 countries, 42 U.S. states and seven Canadian provinces over the past three months, bringing the total of new Subway restaurants to just over 1,200 for the year so far.

The new restaurants account for 1.4 million sq. ft. of retail space.

According to the company, milestones for the period include reaching more than 600 locations in Brazil, 300 locations in Oregon, 200 in Russia and the very first Subway restaurant in Liechtenstein.

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REAL ESTATE

Big Lots to open at Reisterstown Road Plaza

BY Staff Writer

Baltimore — Oak Brook, Ill.-based Inland Western Retail Real Estate Trust announced that Reisterstown Plaza Associates LLC, one of its wholly owned subsidiaries, has signed a lease with Big Lots to occupy a 35,000-sq.-ft. location at Reisterstown Road Plaza in Baltimore.

The Big Lots is slated to open this fall and brings the center to more than 92% leased.

Reisterstown Road Plaza is a 796,733-sq.-ft. power center located in a high density area with a population exceeding 150,000 within a 3-mile radius. The center includes 200,000 sq. ft. of office space and is anchored by Home Depot, Marshall’s, Burlington Coat Factory, Shopper’s World and Giant Foods.

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REAL ESTATE

Anthropologie to open in Old Town property

BY Staff Writer

Alexandria, Va. — Douglas Development announced that Anthropologie has signed a lease for 10,500 sq. ft. in the newly acquired Douglas Development property at 610-12 King Street in Old Town, Alexandria, Va.

Anthropologie will move into the former Hallmark store by the end of this year.

The recently acquired King Street property is one of nine properties that Douglas Development owns in Old Town, totaling over 60,000 sq. ft. of retail space. Current retail tenants include BGR: The Burger Joint, Cosi, Urban Angler, Circe Salon & Day Spa and, now, Anthropologie.

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