REAL ESTATE

Walmart Canada to grand-open 30 stores in October

BY Katherine Boccaccio

Mississauga, Ontario — Walmart Canada said Tuesday it will complete 30 real estate projects by the end of October, including two supercenter conversions and 28 new stores totaling 2.4 million sq. ft. of retail space.

The new stores were former Zellers locations; 10 will be converted to supercenters and 18 will be Walmart Canada discount stores.

“This is an exciting month for Walmart Canada,” said Jim Thompson, COO, Walmart Canada.

The 30 projects are part of 73 real estate projects planned for the company’s current fiscal year, which will add 4.6 million sq. ft. of retail space to its operations by January 31, 2013. These projects represent an investment of more than $750 million in Canadian communities and will generate more than 14,000 store, trade and construction jobs, according to the company.

As of Oct. 31, the company will have completed 50 of the 73 real estate projects planned for the year, bringing the company’s store count to 367 stores: 193 supercenters and 174 discount stores.

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T.Stone says:
Dec-04-2012 02:29 pm

As of Oct. 31, the company will have completed 50 of the 73 real estate projects planned for the year, bringing the company's store count to 367 stores: 193 supercenters and 174 discount stores. free advertising forum

T.Stone says:
Dec-04-2012 02:29 pm

As of Oct. 31, the company will have completed 50 of the 73 real estate projects planned for the year, bringing the company's store count to 367 stores: 193 supercenters and 174 discount stores. free advertising forum

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REAL ESTATE

Sembler names southeast development head

BY Staff Writer

Atlanta — The Sembler Co. said that Charlie Heard has joined the firm as VP development and southeast market leader for the company. He will be based in Atlanta.

Heard’s duties consist of pursuing new shopping center development opportunities in Georgia, South Carolina, North Carolina, Tennessee and Virginia. He has been involved in development projects for retailers such as Publix, Kroger, Target, Home Depot, Best Buy, CVS and Walgreen’s and has worked with top-tier retailers on site selection across industry sectors.

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REAL ESTATE

Intermix to open in Center City

BY Staff Writer

Philadelphia — Fashion retailer Intermix has opened its 30th store at 1718 Walnut Street in Center City, Philadelphia, according to Metro Commercial, which negotiated the 3,386-sq.-ft. lease.

The retailer will occupy space on the ground floor of the Rittenhouse Claridge, a landmark building owned by Kaiserman Co. Metro Commercial searched for the ideal location for Intermix for over two years.

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