REAL ESTATE

Wegmans delays Massachusetts store opening

BY Dan Berthiaume

New York – Wegmans is pushing back the scheduled opening of a new store in Newton, Mass., until spring 2014. The grocery retailer is citing construction delays and demands of other projects, such as the upcoming grand opening of a replacement store in Rochester, N.Y., this Sunday, for causing the later opening of the new suburban Boston location.

Wegmans currently operates one store in Massachusetts, a 138,000-sq.-ft. facility in the town of Northborough.

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REAL ESTATE

Twin Peaks unveils new name, trio of major anchors

BY Katherine Boccaccio

Longmont, Colo. — NewMark Merrill Mountain States named three new anchors for the redeveloped Twin Peaks Mall: Whole Foods Market, Regal Cinemas and Sam’s Club.

The project, which is slated to open in 2014, also unveiled its new name – Village at the Peaks.

Whole Foods is making its Longmont debut with a 30,000-sq.-ft. store. Sam’s Club is also making its Longmont entry with a 136,000-sq.-ft. store, and Regal Entertainment Group is bringing Northern Colorado its first Regal Cinema’s RPX concept – a 12-screen theatre named Regal Premium Experience – to the property.

"Now that the experience is truly taking shape, the time is right to introduce our new name, Village at the Peaks,” said Allen Ginsborg, managing director and principal, NewMark Merrill Mountain States.

NewMark Merrill Mountain States is transforming the formerly enclosed mall into an all-new, open-air, super-regional destination for shopping, dining and entertainment. It purchased the property in 2012, and is working with the City of Longmont in a public-private partnership to reinvent it into a vibrant, modern retail project.

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Brixmor names former Kimco COO as new president/CFO

BY Katherine Boccaccio

New York — Brixmor Property Group has appointed Michael V. Pappagallo as president and CFO, effective May 20.

Pappagallo will play an integral role in the execution of Brixmor’s long-term business and capital markets strategy. In addition, he will lead the company’s finance and accounting teams, as well as have functional oversight of its property operations, information technology, acquisitions/dispositions and investor relations efforts.

He most recently served as COO of Kimco Realty Corp., and also was CFO for Kimco from 1997 to 2010.

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