REAL ESTATE

UGG to launch online site; open stores for new tween-girls brand

BY Marianne Wilson

New York — UGG Australia on July 14 will launch an e-commerce site dedicated to its new tween-girls brand, I Heart UGG. The retailer also plans to open two I Heart UGG stores, in Waikiki, Hawaii, and in San Francisco, in early September.

The new line includes footwear, loungewear, accessories and handbags and will be available in the United States, Japan and China.

"This an important time in a young girl’s life and her tastes and needs are different than in any other life stage," says UGG Australia president Connie Rishwain. "The key was to make this product uniquely different from the UGG brand, yet also very recognizable as UGG."

Distinct design elements include an I Heart UGG logo heel plate, a red heart rivet on every piece of footwear, distinct "Kiss" stitching on seams and a cell phone pocket in select boots.

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REAL ESTATE

Tilly’s to open in Moreno Valley Mall in Moreno Valley, Calif.

BY Michael Fickes

Moreno Valley, Calif. — National action sports retailer, Tilly’s will open its doors at Moreno Valley Mall on July 1. A grand opening celebration is scheduled for Saturday, July 19. The retailer will occupy 7,148 sq. ft. at the Inland Empire shopping center, which is managed by Spinoso Real Estate Group.

With the addition of Tilly’s, Spinoso has leased nearly 90,000 sq. ft. of space in recent months. Arrivals include Crunch Fitness (20,000 sq. ft.), Round 1 Bowling and Amusement (42,000 sq. ft.), rue21 (7,300 sq. ft.), Sprint (1,432 sq. ft.) and Image (10,000 sq. ft.).

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Joint venture acquires greater Cleveland center

BY Michael Fickes

NEW YORK — Hornig Capital Partners, a privately held New York City-based investment company, has combined in a joint venture with Hutensky Capital Partners of Hartford, Conn. to acquire the Golden Gate Shopping Center in Mayfield Heights, Ohio, in the greater Cleveland region. The joint venture purchased the property from Forest City Enterprises for $47,050,000, together with B&D Holdings, making it one of the largest single asset retail deals in the region during the past 24 months.

Anchored by Marshalls, PetSmart, Golf Galaxy, h.h. gregg, OfficeMax and Jo-Ann Fabrics, the 371,748-sq.-ft. Golden Gate is located in a high-volume retail corridor.

Built in 1958, the center was renovated in 1995.

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