Tri-Land breaks ground on Cherokee South Plaza redevelopment
Overland Park, Kan. Westchester, Ill.-based Tri-land Properties announced Thursday that it has begun construction on the redevelopment of Cherokee South Plaza in Overland Park, Kan.
“Cherokee South has been a community resource for years, and we are looking forward to delivering an improved destination with many upgrades and additional retail offerings,” said Tri-Land executive VP acquisitions Hugh Robinson.
Tri-Land’s redevelopment of the 118,000-sq.-ft. center includes the complete demolition of one building, the construction of three new buildings and the addition of many new retail tenants. Current tenants include Hallmark, H&R Block, Paul Mitchell School, and several local and regional retail and service providers. Jimmy John’s Gourmet Sandwiches has also signed a lease. The improved Cherokee South Plaza will include outdoor patios, tree-lined walkways, sidewalk planters and public spaces for neighborhood use.
A 15,000-sq.-ft. stand-alone Walgreens is slated to open later this month.
The project is scheduled for summer 2010 completion.
Carrefour to pull out of Russia expansion
Paris Carrefour SA is pulling out of its expansion plans in Russia due to the “absence of significant organic growth,” the company said Thursday.
Carrefour said it plans to sell its Russian initiatives just four months after opening its first hypermarket in Moscow.
Carrefour currently operates two hypermarkets in Russia — in Moscow and Krasnodar.
Carrefour also announced that its third-quarter sales slipped 2.9% to euro24.0 billion ($35.8 billion).
Kroger c-store brand to expand into Ohio
Cincinnati One of Kroger Co.’s convenience-store chains is entering the Ohio market, according to published reports.
The company is reportedly opening seven Turkey Hill Minit Market locations in the Columbus, Ohio, area. The chain will be acquiring five stores, currently operated by On the Run, reports noted.
Turkey Hill currently has 248 stores in Pennsylvania and one in Indiana.