REAL ESTATE

Whole Foods Market to make Columbia, S.C., debut

BY Staff Writer

Columbia, S.C. — Shopping center owner and developer Edens & Avant said Friday that Whole Foods Market will open a new store — its third in South Carolina — in the company’s Cross Hill Market retail center in Columbia, S.C.

The new store will be Whole Foods’ first in the capital city and will occupy approximately 37,876 sq. ft. in the 74,326-sq.-ft. development.

In addition to Whole Foods, Cross Hill Market will feature a mix of regional, local and national shops, boutiques and restaurants, as well as a direct pedestrian connection to adjacent neighborhoods. The projected construction start date is January 1, 2012 with an anticipated opening of October 2012.

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REAL ESTATE

CSA columnist Jeff Green: Do medical uses belong in retail centers?

BY CSA STAFF

In his newest column, Retail Rap with Jeff Green, Chain Store Age columnist Green examines the early uptick in medical users in retail centers and questions why the trend has apparently stalled.

Click here to read his latest editorial.

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REAL ESTATE

Tanger Outlet Centers and Simon form JV to open new outlet center

BY Katherine Boccaccio

Houston — Greensboro, N.C.-based Tanger Factory Outlet Centers and Indianapolis-based Simon Property Group announced Thursday that they have entered into a 50/50 joint venture agreement to develop a Tanger Outlet Center south of Houston, in Texas City.

Phase I is slated for 350,000 sq. ft. of brand name and designer outlet stores; the 55-acre site is expected to accommodate future expansion of about 120,000 sq. ft.

Tenant announcements and ground breaking ceremonies are slated for July; the center is scheduled to open in summer 2012.

The joint venture will be co-owned by Tanger and Simon and will be branded as Tanger Outlets. Simon will provide site development, construction supervision, and asset management to the venture; Tanger will provide management services and marketing to the joint venture. Both companies will provide leasing services.

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