REAL ESTATE

Zumiez opens new store at Cherry Hill Mall

BY Staff Writer

Cherry Hill, N.J. — As part of the $200-million redevelopment of Cherry Hill Mall, in Cherry Hill, N.J., Zumiez has added a 2,444-sq.-ft. store near the Grand Court of the mall.

The Pennsylvania Real Estate Investment Trust (PREIT) property also added shoe retailer Traffic with a 1,500-sq.-ft. store in the J.C. Penney wing, and natural food retailer Pure Health Bar is slated to open in November.

In 2011, Cherry Hill Mall has also welcomed Clarks, Hugo Boss, Lids Locker Room, Lush and Red Mango. Additional retailers will be announced in 2011. The store openings are part of the mall’s $200 million complete renaissance, which includes the addition of white-linen restaurants Seasons 52, Maggiano’s Little Italy, The Capital Grille, and California Pizza Kitchen; a new parking deck; the addition of an upscale retail wing; a redesigned and relocated food court now called Cherry Hill Cafés, and extensive interior and exterior renovations. Additional retailers will be announced throughout 2011.

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REAL ESTATE

Centro Properties Group changes name to Brixmor Property Group

BY Staff Writer

New York City — Centro Properties Group US is changing its name to Brixmor Property Group, effective immediately. The name change follows the acquisition of the company in June by an affiliate of Blackstone Real Estate Partners VI L.P.

Brixmor is the second largest owner of community and neighborhood shopping centers in the United States with 585 properties aggregating approximately 92.0 million sq. ft. and has been a leader in value-creating redevelopment over the last decade.

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REAL ESTATE

Kohl’s celebrates opening 30 stores; remodeling 100 locations

BY Marianne Wilson

Menomonee Falls, Wis. — Kohl’s Department Stores on Wednesday marked the grand opening of 30 stores across 20 states. The company announced it also is remodeling approximately 100 stores this year, an 18% increase from 2010.

All new Kohl’s locations feature enhancements to increase comfort and convenience for shoppers, including updated check-out stations, upgraded fitting rooms and lounges throughout the store, a customer service area relocated to the front of the store in most locations, in-store e-commerce kiosks and electronic signage located throughout the store.

In addition, 18 of the 30 stores Kohl’s is opening Wednesday have been built to LEED guidelines. Special features include: Cool White Energy Star-rated TPO roofs that reduce each building’s energy demand; water-efficient landscaping and plumbing; use of regionally sourced building materials; careful construction waste management and a centralized energy management system that helps monitor thermal comfort and ensure optimal energy efficiency throughout the store.

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