Whole Foods to open at Towers Plaza
Melrose, Mass. — Charter Realty & Development Corp. announced that shortly after acquiring Towers Plaza in Melrose, Mass., it has signed a 20-year lease for 29,980 sq. ft. to Whole Foods Market.
Whole Foods will move into a space currently occupied by Johnny’s Foodmaster. The space will undergo a major renovation that will coincide with Charter’s renovation of the balance of the center.
David’s Bridal to open new store at Great Northeast Plaza
Philadelphia — Metro Commercial Real Estate said that David’s Bridal will open an 8,164-sq.-ft. store at Great Northeast Plaza, located in the northeastern part of Philadelphia.
The new store is slated to open by spring 2013.
Great Northeast Plaza, owned and managed by Kimco Realty, is part of an 883,000-sq.-ft. retail mecca that includes Target, Sears, PetSmart, Pathmark and many other national and local retailers. David’s Bridal is relocating this store from its longtime home at Roosevelt Boulevard and Harbison Avenue in Northeast Philadelphia.
Simon acquires 100% ownership of two upscale outlet centers
Indianapolis — Simon Property Group said Wednesday it has acquired Paragon Outlets Grand Prairie in Grand Prairie, Texas, and Paragon Outlets Livermore Valley in Livermore, Calif.
Simon now owns 100% of each asset.
The 417,000-sq.-ft. Grand Prairie center is tenanted by Saks Fifth Avenue Off 5th, Bloomingdale’s The Outlet Store, Coach, Cole Haan, DKNY, Hugo Boss, Kate Spade New York, J.Crew, Michael Kors, Nike and Tommy Hilfiger. The center opened in August 2012 and is 100% leased.
The 512,000-sq.-ft. Livermore center features Saks Fifth Avenue Off 5th, Bloomingdale’s The Outlet Store, Last Call by Neiman Marcus, Armani, Barneys New York, Coach, DKNY, Elie Tahari, Kate Spade New York, J.Crew, Lacoste, Michael Kors, Prada and Tommy Hilfiger. The center opened in November 2012 and is 100% leased.
The centers will be renamed Grand Prairie Premium Outlets and Livermore Valley Premium Outlets.