REAL ESTATE

WS Development, Olympic Realty close on land for new Walmart project

BY CSA STAFF

Millcreek, Pa. — Chestnut Hill, Mass.-based WS Development and Olympic Realty & Development Corp. announced that they have closed on 42 acres of land in Millcreek, Pa., in conjunction with Walmart.

The land is the future home of Millcreek Town Center, a 350,000-sq.-ft. open-air shopping center, which will include a new Walmart and approximately 160,000 sq. ft. of additional retail and restaurant space.

Construction of the 190,000-sq.-ft. Walmart is expected to begin this year. Leasing is underway on the 160,000 sq. ft. of additional retail space, which includes space allocations for junior department stores, small shops, and freestanding outparcels. WS Development is the leasing agent for the project.

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REAL ESTATE

Family Dollar names real estate VP

BY CSA STAFF

Matthews, N.C. — Family Dollar Stores announced Monday that it has named Brad Rogers to the position of VP real estate development.

Rogers will report to Keith Gehl, senior VP real estate and facilities.

Rogers began his career at Family Dollar in 1998 as real estate manager. Since joining the company, he has held additional roles in the real estate division, most recently serving as regional VP of the real estate portfolio and new stores.

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OPERATIONS

Rite Aid promotes Montini to executive VP merchandising

BY CSA STAFF

Camp Hill, Pa. — Rite Aid Corp. said Monday that Tony Montini has been promoted to executive VP merchandising.

Montini most recently served as senior VP of category management.

In his new position, Montini will oversee field merchandising and the company’s new store format development in addition to his current responsibilities for category management. The company’s new store formats include wellness stores, value + stores and co-branded Save-A-Lot Rite Aid stores.

Rite Aid also announced that Bryan Shirtliff, currently the company’s senior VP business development, has been named to the new position of senior VP merchandising.

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