REAL ESTATE

  • Francesca’s to open in Town Center of Virginia Beach

    Virginia Beach, Va. -- Francesca’s will open a new store at the Town Center of Virginia Beach.

    According to Divaris Real Estate, the 1,830-sq.-ft. store will be located on Main Street in the first-floor retail space of the Armada Hoffler office tower block. The grand opening is slated for first quarter 2015.

  • H&M’s new 57,000-sq.-ft. Manhattan flagship is brand’s largest store yet

    New York -- Fast-fashion giant H&M on Thursday celebrated the opening of its flagship on Fifth Avenue in Manhattan. At 57,000 sq. ft., it is the retailer’s largest store in the world and 13th location in Manhattan. It also is the first H&M in the United States to offer a full concierge service, and to carry the full H&M Home collection.

  • Cullinan promotes two

    Peoria, Ill. -- Cullinan Properties, Ltd. has promoted Scott Bishop to VP of Asset Management, responsible for overseeing all aspects of property operations for the company, including supervision of both in-house personnel and third-party firms. Bishop will also coordinate leasing, marketing and tenant construction-related activities for the managed properties.

  • DDR opens center in New Hampshire Aug. 12

    Beachwood, Ohio - DDR Corp. will hold the grand opening of Seabrook Commons, the company’s most recent ground-up development project located in Seabrook, New Hampshire, on Aug. 12. This 380,000-sq.-ft. prime power center is 96% leased, anchored by Wal-Mart, Dick's Sporting Goods, PetSmart, Michaels, Ulta, Famous Footwear and Five Below, and features a complementary restaurant lineup that includes Panera, Outback Steakhouse and Noodles & Company.

  • Visa opens commerce innovation center

    San Francisco - Visa Inc. is opening One Market, a 112,000-sq.-ft. innovation center and office space at One Market Street in San Francisco. The move provides Visa technologists, clients, partners and the Bay Area tech community an innovative space to jointly develop the next generation of commerce applications.  

  • Capri Capital Partners launches Capri Retail Advisors

    Chicago — Capri Capital Partners has formed Capri Retail Advisors, an affiliate that will focus on retail opportunities in underserved and evolving retail trade areas in strategically selected major U.S. metropolitan markets.

    Ross Glickman, former chairman and CEO of Urban Retail Properties, has been named president and CEO of the new affiliate. Ken Lombard, former president of the Starbucks in-store entertainment division and also former president of Magic Johnson’s urban retail real estate development company, is chairman and chief investment officer.

  • Schostak Brothers acquires 23-center portfolio

    Livonia, Michigan — Schostak Brothers & Company, Inc. announced the acquisition of 23 shopping centers from Coldwater Liquidating Trust. The purchase is part of a bankruptcy liquidation in which Schostak Brothers purchased the majority of the remaining Coldwater Liquidating Trust portfolio, totaling 405,000 sq. ft.

    The 23 shopping centers span 19 states, and is the third acquisition of Super Walmart shopping centers in less than a year.

  • Noodles & Co. to open at Levee District

    East Peoria, Ill. -- Cullinan Properties said that Noodles & Company will be opening a new restaurant in November at the Levee District in East Peoria, Illinois.

  • Goodwill opens new store in metro Phoenix

    Chandler, Ariz. -- X Team International announced that partner Velocity Retail Group has completed deals with Goodwill of Central Arizona and six other retailers in the metropolitan Phoenix market.

    Goodwill of Central Arizona will open a 27,600-sq.-ft. retail store in Chandler, Arizona, located at Arizona Avenue and Riggs Road.

  • Ross Dress for Less opens Pennsylvania, New Jersey stores July 19

    Dublin, Calif. – Ross Dress for Less will open two new stores in the Mid-Atlantic region on July 19. The stores opening are in the MacDade Mall in Glenolden, Pennsylvania and Windsor Heights Shopping Center in East Windsor, New Jersey.

    These new openings are part of the retailer’s 2014 expansion program, totaling approximately 75 new locations during the year.

     

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