REAL ESTATE

Walmart to expand presence at Berlin Mall

BY Katherine Boccaccio

Berlin, Vt. — Berlin Mall LLC announced it has cleared the last two permitting hurdles to begin an 18,700-sq.-ft. expansion of The Berlin Mall, located in Berlin, Vt. The expansion is part of a planned increase in the size of its Walmart anchor store, which will also expand into existing, adjoining retail space at the mall

Construction is slated to start spring 2013.

In addition to the using the 18,700 sq. ft. that will be added to the mall, Walmart also will absorb 7,500 sq. ft. formerly occupied by F.Y.E., as well as Payless Shoes and Optical Expressions. Both of these tenants have moved to another location within the mall.

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REAL ESTATE

Office Depot to open at Lincoln Square Shopping Center

BY Katherine Boccaccio

Arlington, Texas — Transwestern announced Tuesday that it has negotiated a new 9,994-sq.-ft. lease for Office Depot at Lincoln Square Shopping Center, located in Arlington, Texas.

The office supply retailer will open its smaller-footprint store – a 10,000-sq.-ft. prototype, downsized from the standard 20,000-sq.-ft. format.

Lincoln Square Shopping Center is a lifestyle shopping and dining center in North Arlington’s Entertainment District.

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Regency Centers names Northeast acquisitions/dispositions lead

BY Katherine Boccaccio

Jacksonville, Fla. — Regency Centers said Wednesday it has appointed Joanna Rotonde to lead the company’s acquisitions and dispositions activities in the northeastern U.S.

Rotonde will focus on the expansion markets of Boston, Philadelphia and metro New York, and is charged with identifying, evaluating and structuring profitable property acquisition and disposition opportunities within Connecticut, Massachusetts, New Jersey, New York and Pennsylvania.

Rotonde previously served as assistant VP for Urstadt Biddle Properties.

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