REAL ESTATE

  • The Tenant is King

    In a time of evolution and change, when buzz terms like right-sizing and asset management dominate retail real estate conversations, an unwavering focus on the tenant is more important than ever before. Chain Store Age talked with Jeff Kuchman, Principal/Director Tenant Brokerage, Mid-America Real Estate Corp., based in Oakbrook Terrace, Illinois, about the company’s tenant representation business and how it has continued to take center stage.

  • Report: Lululemon to open men’s store in Manhattan

    New York -- Lululemon Athletica signed leases to open two new stores in the Soho section of downtown Manhattan, including its first-ever freestanding store for men, The Real Deal reported.

    The men’s store will be located at 127 Prince Street. The women’s store will take space at 125 Prince Street.

    Lululemon is on track to open some 45 locations this year.

  • Auntie Anne’s Pretzels in deal to open in-store shops in Meijer

    Lancaster, Pa. -- Auntie Anne’s Pretzels, the 1, 600-unit global franchise, has entered into a partnership with Meijer. In August, Auntie Anne’s opened its first Meijer franchise location, in Fort Wayne, Indiana.
     
    Auntie Anne’s will continue to build its partnership with the Grand Rapids, Mich.-based retailer with two stores currently in the pipeline. The first is slated to also open in Fort Wayne later this year, with an additional location planned for Michigan in 2015.
     

  • West Elm to make Michigan debut

    Brooklyn, N.Y. -- Home furnishings retailer West Elm will make its Michigan debut when it opens a store in downtown Birmingham, on Oct. 2.

    The 15,000-sq.-ft. plus store will feature a curated selection of products made in Michigan, part of West Elm’s Local initiative. The initiative, launched this year, taps into local entrepreneurship by empowering the teams in West Elm stores to find area makers and designers, building and nurturing a creative network that celebrates craftspeople and differentiates the brand with regional assortments.  

  • Claire’s to open in-store shops in Toys ‘R’ Us

    Wayne, N.J. -- Toys “R” Us and specialty retailer Claire’s have entered into a global partnership to open nearly 100 Claire’s in-store shops in Toys “R” Us locations across Europe, along with 12 U.S. locations, by year-end. The shops will feature an assortment of jewelry, headbands, hair and fashion accessories, jewelry holders, legwear, seasonal items and more. The rollout follows a successful pilot program in Europe.  

  • dd's Discounts to open a new store in Dallas

    Dublin, Calif. --  dd’s Discounts, a division of Ross Stores, Inc. will open a new store in Dallas on Sept. 27.  The store is located at Skillman Abrams Crossing in North Dallas. 

    Including this new location, dd’s DISCOUNTS will operate approximately 150 locations in 13 states. The company is on schedule to complete its expansion plan to open approximately 20 locations in 2014.

  • Redevelopment begins at Stratford Square Mall

    Northbrook, lll. -- StreetMac LLC and an affiliate of Five Mile Capital Partners LLC announced redevelopment plans for the 1.3 million-sq.-ft. Stratford Square Mall, located in Bloomingdale, Illinois. The center’s anchor tenants include Macy’s, Carson Pirie Scott, Sears, Kohl’s, Burlington Coat Factory and the 16- screen Century Theatre movie complex.

  • TargetExpress to open in San Diego

    Minneapolis -- Target plans to open its sixth TargetExpress store, in the South Park area of San Diego, in July 2015.

    At approximately 19,000 sq. ft., the store will be about 14% of the size of a standard Target store (135,000 sq, ft.). Similar to other TargetExpress locations, it will offer an edited assortment that is locally relevant.

  • Bon-Ton closing Illinois store in January 2015

    York, Pa. - The Bon-Ton Stores, Inc. will close its Carson’s Fox Valley Furniture Gallery in the Heritage Square Shopping Center in Naperville, Illinois. The company will not renew its lease, which terminates Jan. 31, 2015.

  • Southeast Financial Center signs lease with DavidBartonGym

    Miami - Southeast Financial Center, an office tower and plaza totaling 1.22 million sq. ft. in Miami’s Central Business District, signed a 20,100-sq.-ft. lease with Club Ventures, Miami, LLC, to bring DavidBartonGym to the top floor of the property’s 15-story annex. Southeast Financial Center has undergone capital improvements totaling $20.5 million since late 2008, including the implementation of granite pedestrian walkways, strategic seating areas, an enhanced park setting with shade trees and various foliage and planters, and new lighting.

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