REAL ESTATE

Under Armour Helps Anchor $150M Mall Expansion

BY CSA STAFF

Annapolis, Md., Westfield Annapolis unveiled Thursday its 60-store, 240,000-sq.-ft. expansion, a shopping mall makeover that includes performance apparel Under Armour Inc.’s first full-line retail shop, according to the Baltimore Business Journal.

The $150 million expansion includes a Pottery Barn, H&M, Martin + Osa, Metropark and Ann Taylor Loft.

More than 1,000 new parking spaces were also added to the mall, which now eclipses 1.5 million sq. ft. The expansion will make Westfield Annapolis one of the largest shopping centers in the Baltimore region by square footage, along with the Mall in Columbia and Arundel Mills.

The store’s entryway resembles a stadium tunnel, and a 120-in. high-definition projection screen meets shoppers.

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REAL ESTATE

Read All About It: Reconciliation Charges

BY CSA STAFF

Many tenants pay year-end reconciliation charges from their landlords without thinking twice. But the savvy tenant thoroughly examines the statement, seeing it as an opportunity to improve the bottom line.

For the full article, “Landlords’ Year-End Reconciliation Statements—A Possible Source of Hidden Cash?” visit the Guest Commentaries section.

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REAL ESTATE

More Retailers Join Ga. Shopping Center

BY CSA STAFF

Montgomery, Ala., The Shoppes at River Crossing, a 750,000-sq. -ft. regional, open-air, lifestyle center in Macon, Ga., has signed on several retailers, including J. Jill and Talbots.

Bath & Body Works, Claire’s, Sunglass Hut and Victoria’s Secret will also open locations at the center, scheduled to open on March 19, 2008.

The Shoppes at River Crossing is a joint-venture project between Jim Wilson & Associates, LLC (JWA) of Montgomery, Ala. and General Growth Properties, Inc. (GGP) of Chicago.

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