REAL ESTATE

Waynesville Commons opens doors

BY Katherine Boccaccio

Waynesville, N.C. — Chattanooga, Tenn.-based CBL & Associates Properties announced the opening of its newest community center development, Waynesville Commons, a 127,500-sq.-ft. community center in Waynesville, N.C.

Joining the existing Walmart, the 100% leased center is anchored by an 85,000-sq.-ft. Belk, Michaels and PetSmart, along with 11,000 sq. ft. of specialty stores including US Cellular and Rack Room Shoes.

Belk relocated from its former 50,000-sq.-ft. store at Ingles Market to a new 85,000-sq.-ft. store at Waynesville Commons. The new store incorporates the brand’s most current design, lighting, merchandise presentation and décor, and offers an expanded assortment of brands and lines.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Are you hiring seasonal employees this year?

View Results

Loading ... Loading ...
REAL ESTATE

Party City, VisionWorks to open at Upland Square

BY Staff Writer

Conshohocken, Pa. — Plymouth Meeting, Pa.-based Fameco Real Estate said that Party City and VisionWorks have signed leases at Upland Square, located in West Pottsgrove, Pa.

Party City has signed a lease for 9,000 sq. ft. and VisionWorks has signed a lease for 3,825 sq. ft. These retailers will join anchors Target, Giant, Best Buy, LA Fitness, TJ Maxx and Bed, Bath & Beyond at the 600,000-sq.-ft. power center.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Are you hiring seasonal employees this year?

View Results

Loading ... Loading ...
REAL ESTATE

Macerich to acquire Kings Plaza and Green Acres Mall

BY Katherine Boccaccio

Santa Monica, Calif. — The Macerich Co. announced on Monday plans to acquire Kings Plaza, located in Brooklyn, N.Y., and Green Acres Mall, located in Valley Stream, N.Y., on the border of New York City and Nassau County.

Kings Plaza is being acquired from a subsidiary of Alexander’s for $751 million, with a closing date set for late 2012. Green Acres is being acquired from a subsidiary of Vornado Realty Trust for $500 million, with a first quarter 2013 closing date.

Kings Plaza is a 1.2 million-sq.-ft. super regional mall anchored by Macy’s, Lowe’s and Sears. Green Acres Mall is a 1.8 million-sq.-ft. super regional mall anchored by Macy’s, Macy’s Men’s, Sears, Kohl’s, J.C. Penney, BJ’s Wholesale Club and Walmart.

"These transactions are consistent with our investment strategy of acquiring assets in the major markets where we have our best assets and selling non-core assets and recycling capital,” said Arthur Coppola, chairman and CEO, Macerich. “This allows us to build on our New York portfolio and will be an excellent complement to Queens Center.”

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Are you hiring seasonal employees this year?

View Results

Loading ... Loading ...