REAL ESTATE

WP Realty acquires Chesterfield Marketplace

BY CSA STAFF

Midlothian, Va. — Bryn Mawr, Pa.-based WP Realty announced Thursday that it has acquired Chesterfield Marketplace located in Midlothian, Va.

This transaction marks WP Realty’s 10th acquisition of the year.

Chesterfield Marketplace is a one-story, 428,576-sq.-ft. community shopping center anchored by PetSmart, Staples and TJ Maxx, and shadow anchored by Home Depot and Toys “R” Us.

The portion of the center acquired, 197,942 sq. ft., is currently 54% occupied with 91,232 sq. ft. of available space.

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REAL ESTATE

Edens & Avant CEO named Ernst & Young EOY finalist

BY CSA STAFF

Columbia, S.C. — Edens & Avant announced Friday that its CEO Terry S. Brown has been named the Ernst & Young Entrepreneur of the Year 2011 Carolinas Award winner.

The awards program recognizes entrepreneurs who demonstrate excellence and extraordinary success in such areas as innovation, financial performance and personal commitment to their businesses and communities. Brown was selected as the winner in the real estate category from nearly 100 nominations across the Carolinas.

With Brown’s win, he is now eligible for consideration for the Entrepreneur of the Year National Award. Award winners in several national categories, as well as the Entrepreneur of the Year overall National Award winner, will be announced at the annual awards gala in Palm Springs, Calif., on Nov. 12.

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REAL ESTATE

REI to make Indiana debut

BY CSA STAFF

Seattle — Recreational Equipment, Inc. (REI) on Friday announced plans to open a new store in Indianapolis at the Plaza at Castleton next spring. The new store will be the outdoor retailer’s first in the state.

The one-story, approximately 23,800-sq.-ft. store is one of 117 stores in 28 states and two online stores — rei.com and rei-outlet.com.

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