REAL ESTATE

Target opens new store in Chicago’s Wilson Yard

BY CSA STAFF

Minneapolis Target Corp. said Tuesday it has opened a new store in the Wilson Yard community of Chicago.

The new 200,000-sq.-ft. store, which creates 300 jobs, will celebrate its grand opening on July 25 and features fresh produce, meat and bakery goods along with a Starbucks, Target Cafe, Target Pharmacy, Target Optical and Pizza Hut Express.

It also features a green roof and the nation’s largest spangle board — a 16-ft. by 250-ft. billboard display with 200,000 tiny bullseye medallions that shimmer in the breeze from the passing El trains.

Target currently operates 1,740 stores in 49 states.

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REAL ESTATE

Regency names investment VP in Los Angeles

BY CSA STAFF

Regency Centers said Monday it has appointed John T. Mehigan as VP investments.

Located in the company’s Los Angeles office, Mehigan will be responsible for identifying, evaluating, and structuring profitable retail development opportunities throughout Southern California, said Regency.

Most recently, Mehigan served as senior development manager for Panattoni Development Co.

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REAL ESTATE

Lego opens in Manhattan

BY CSA STAFF

New York City Danish toymaker Lego has opened its first location in Manhattan. The two-level, 3,000-sq.-ft. store, in Rockefeller Center, is filled with intricate Lego displays (built by the company’s “Master Builders” who travel the world building specialized Lego projects) of familiar Manhattan landmarks.

The first floor features a wall with hundreds of bubbles filled with individual Lego pieces, including hard-to-find items. Customers are given a small cup and can mix and match the pieces.

The upper level has a play area, and a Master Builder Bar with computers and printers that allow customers to shop and ship, print out specialized building instructions, or design their own Lego kit and have it custom made. An area for Lego-themed birthday parties is also available.

The Manhattan store is based on Lego’s new prototype, which it debuted in Concord, N.C., in 2009. It’s part of an expansion strategy that will give the toy company an estimated 53 stores by yearend.

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