REAL ESTATE

Urban Retail adds 39-asset portfolio to leasing services division

BY CSA STAFF

Chicago Urban Retail Properties announced that Coventry Real Estate Advisors has awarded a contract to Urban to provide leasing services for 39 assets across the country.

The properties, former Service Merchandise spaces, range in size from approximately 25,000 sq. ft. to over 70,000 sq. ft. and are located in 22 states.

“This is the second assignment Coventry has awarded Urban in the last nine months and their strong performance managing and leasing Tri-County Mall made them the clear choice for the Service Merchandise Portfolio,” said Loren Henry, Director of Asset Management for Coventry.

Urban Retail said it will review each center individually to identify a specific plan with the goal of improving sales performance and occupancy.

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Holley named Walmart CFO

BY CSA STAFF

BENTONVILLE, Ark. – Veteran finance executive Charles Holley was named to replace Tom Schoewe as CFO of Wal-Mart Stores Inc., the company announced late Wednesday. Holley joined Walmart in 1994 and most recently served as EVP finance and treasurer. Schoewe joined Walmart in 2000 as CFO.

Walmart CEO Mike Duke called Holley a talented strategist who thoroughly understands the details of Walmart’s business and the financial markets.

“As treasurer, he has helped drive the strategy behind the company’s strong financial position and has made every organization he has led stronger,” Duke said.

The change will take effect on Nov. 30, and Schoewe will remain with the company until Jan. 31, 2011.

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Beyonce’s mom gets exclusive line at Walmart

BY CSA STAFF

NEW YORK – Tina Knowles announced the introduction of her Miss Tina by Tina Knowles line exclusively at Walmart in October.

The collection will feature denim, graphic t-shirts, embellished tops, day dresses, tunics, jackets, leggings and track suits, with each item retailing for $20 or less.

Tina Knowles is the co-creative director and co-founder of the House of Dereon, Dereon, and Miss Tina fashion collections produced by Beyond Productions, a partnership with daughter Beyonce.

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