REAL ESTATE

Tony’s New York Style Pizza to open at Johns Creek Center

BY CSA STAFF

Jacksonville, Fla. — Jacksonville, Fla.-based Regency Centers said it has leased retail space in Jacksonville at Johns Creek Center to Tony’s New York Style Pizza.

The local pizzeria will open a 1,600-sq.-ft. restaurant in March 2011, and brings the center to 93% leased.

The 75,100-sq.-ft. shopping center is anchored by Publix alongside Great Clips, H&R Block and Bank of America.

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Pushing the pricing envelope

BY CSA STAFF

The willingness of discount-store shoppers to pay a premium for products with a celebrity connection will be put to the test next week when the new line of William Rast apparel hits Target stores. The line includes premium denim, leather and outerwear items with prices beginning at $16.99 and extending all the way to the department store territory of $199.99. The limited duration merchandising initiative is due to hit stores on Dec.19 and runs through Jan. 22.

“Our guests rely on Target for our unique and innovative designer partnerships and the William Rast for Target collection is sure to deliver,” said Target SVP Trish Adams.

The arrival of merchandise in stores on Dec. 19 is curious timing since that doesn’t give shoppers much time to buy the goods as gifts and then after Christmas, those inclined to buy the goods may find themselves tapped out and unable to do so.

William Rast is the creation of entertainer Justin Timberlake and his childhood friend and restaurateur Trace Ayala who came up with the name by combining Timberlake’s grandfather’s first name and Ayala’s grandfather’s last name. The lifestyle brand was created five years ago and today offers a selection of contemporary men’s and women’s ready-to-wear collections, footwear and eyewear that, prior to its impending arrival in Target, was sold at price points ranging from $50 to $700 in department and specialty stores. The offer available at Target is said to consist of skinny, bootcut and straight-leg jeans with premium fit, wash and detailing, utilitarian and plaid woven shirts, motorcycle jackets, leggings and skirts. The men’s collection embodies a rugged style, while the women’s collection blends tomboy fashion with feminine tailoring.

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PetSmart names new board member

BY CSA STAFF

PHOENIX – The board of directors of PetSmart has unanimously appointed Dr. Angel Cabrera, Ph.D., to the board, effective Dec. 9.

Cabrera is president of the Thunderbird School of Global Management, a position he has held since 2004. Prior to joining Thunderbird, Cabrera was professor and dean at Instituto de Empresa in Madrid, Spain from 1998 to 2004.

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