REAL ESTATE

Trader Joe’s to open three Houston-area stores in 2012

BY Staff Writer

Houston — A report in the Houston Chronicle said that grocer Trader Joe’s is opening two additional Houston-area locations — one in the Memorial area and one in Montrose.

In November Trader Joe’s announced its first planned Houston area store in The Woodlands Crossing Shopping Center.

All three stores are slated to open this year. The Memorial-area store will be 14,000 sq. ft., the Montrose store will be 14,500 sq. ft. and the store at The Woodlands will be 13,500 sq. ft.

Earlier in March, Trader Joe’s announced plans for its first store in San Antonio. The grocer also plans to open stores in Dallas, Fort Worth and Plano.

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The Shops at Valley Square, Warrington, Pa.

BY CSA STAFF

Boston-based The Wilder Cos. has taken on a new leasing and management assignment – the open-air specialty shopping center The Shops at Valley Square, in Warrington, Pa.

Located in Bucks County, Pa., just north of Philadelphia, The Shops at Valley Square is part of a 140-acre mixed-use development that includes office, retail and residential.

The 300,000-sq.-ft. center is a pedestrian-friendly Main Street experience with on-street parking, distinctive architecture and abundant landscaping. It features specialty shops and fine dining options including P.F. Chang’s, Banana Republic, Loft, White House | Black Market, Jos. A. Bank, Panera Bread, Chipotle, and more. In addition, the property includes over 100,000 sq. ft. of professional office space. The Shops are located directly adjacent to a regional shopping center featuring Wegmans, Staples, Sports Authority, Michaels, and Bed Bath & Beyond.

“The combination of destination stores and restaurants in a walkable Main Street setting gives area office workers, shoppers and diners plenty of reason to make multiple monthly trips,” said Tom Wilder, a principal at The Wilder Cos. “The synergy between The Shops and the adjacent Wegmans-anchored center creates even more reasons to shop. This critical mass of shopping and dining choices is unduplicated in the trade area.”

Wilder also took on the leasing and management contract for Somerset Square, a grocery-anchored center in Glastonbury, Conn.


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P.Lopez says:
Apr-10-2013 01:35 pm

ChatRandom
The Shops and the adjacent Wegmans-anchored center creates even more reasons to shop. This critical mass of shopping and dining choices is unduplicated in the trade area. ChatRandom

P.Lopez says:
Apr-10-2013 01:35 pm

The Shops and the adjacent Wegmans-anchored center creates even more reasons to shop. This critical mass of shopping and dining choices is unduplicated in the trade area. ChatRandom

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New retail chain coming from H&M

BY CSA STAFF

STOCKHOLM, Sweden — Fans of H&M will soon have a new place to shop as the Swedish fashion retailer Hennes & Mauritz AB confirmed Thursday that it will open a new chain in 2013 that will build on the 2007 launch of its upscale Collection of Style (COS). No name for the new concept has been revealed yet.

"Like COS, which today is very successful with good profitability, the new chain of stores will be independent and complement the other offerings from the group," H&M CEO Karl-Johan Persson said. "We have great faith in this new brand and we see considerable potential for further initiatives."

Meanwhile, the company opened its first namebrand store in Sofia, Bulgaria, earlier in March, and plans to have opened other stores in Bulgaria, Latvia, Malaysia, Mexico and — through a franchise — Thailand by the end of 2012.

H&M also reported Thursday that net profit for the quarter rose to $411 million, from $393 million in the same period a year earlier.

Stockholm-based H&M said net sales rose to $4.17 billion, from $3.68 billion a year ago. Profit results, which H&M blamed on higher cotton prices, missed analysts’ expectations.

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