REAL ESTATE

  • Bon-Ton extends Boston Store, HQ lease in Milwaukee

    York, Pa. – The Bon-Ton Stores, Inc. has reached an agreement with the city of Milwaukee to extend the lease for its Boston Store location in The Shops of Grand Avenue, Milwaukee, contingent upon the city providing financial contributions from its downtown Tax Increment Financing district.

  • New Sam’s Clubs in Warwick, R.I., and Mooresville, N.C.

    New York --  Sam’s Club will open two new clubs on Thursday, January 23, one in Warwick, R.I., and another in Mooresville, N.C.

    The 136,000-sq.-ft. Warwick club has created 140 new jobs. Also 136,000 sq. ft., the Mooresville club has created 160 new jobs.

    Both clubs will feature a variety of members-only amenities, including a fresh bakery, a tire and battery center, a café and a fuel station.

  • Corner Bakery Café bullish on expansion

    Dallas -- Corner Bakery Café in 2013 signed 12 new area development agreements with franchisees, adding commitments for more than 120 new locations and raising the total to more than 300 cafes under development as the company moves forward on its goal to double its U.S. footprint in the next three years. Currently, Corner Bakery has more than 160 company-owned and franchised locations in 17 states and Washington, D.C.

  • Sam’s Club opening two new stores on Jan. 23

    Bentonville, Ark. – Sam’s Club plans to open new stores on Thursday, Jan. 23, with a location in Warwick, R.I., and one will open in Mooresville, N.C.

    Both stores will measure approximately 136,000 sq. ft. and feature a fresh bakery, a tire and battery center, and a café. A pharmacy and a hearing aid center are open to both members and the general public. The Mooresville store also offers the Click N Pull personal shopping service, as well as a fuel station.

  • Nordstrom to open two Nordstrom Rack stores

    Seattle – Nordstrom plans to open a Nordstrom Rack store at Harbison Court in Columbia, S.C., and another at West Towne Crossing in West Towne, Wis. The approximately 34,000-sq.-ft. Columbia store and 30,750-sq.-ft. West Towne store are both scheduled to open in fall 2014.

    When it opens, the Harbison Court Nordstrom Rack will be the company's second location in South Carolina, following the recently announced location in Greenville that will also open in fall 2014.

  • Stirling to provide menu of services to Perkins Rowe

    Covington, La. — Stirling Properties has inked a deal to provide comprehensive leasing, sales, property and construction management services for Perkins Rowe, a mixed-use development in Baton Rouge, La.

  • Tucson’s River Center trades for $24.8 million

    Tucson, Ariz. — Lee & Associates Arizona has negotiated the $24.8 million sale of the River Center, a 117,563-sq.-ft. shopping center anchored by Whole Foods and Petco. Located on East River Road in the Catalina Foothills of northeastern Tucson, the center posted a cap rate of 5.5%.

    Lee & Associates Arizona represented the buyer, Global Retail Investors LLC, a subsidiary of First Washington Realty of Bethesda, Md., and the seller, River Center Canada.

    River Center was constructed in 1986 and remodeled in 1997 and 2013.

  • New 99 Cents Only Store to open in Las Vegas

    City of Commerce, Calif. — 99¢ Only Stores will open a new 20,000-sq.-ft. Las Vegas location on Jan. 23. The new store will feature a perishable food department, with produce, dairy and frozen foods.

    The new store will kick off its grand opening celebration by selling Westinghouse 40-in. flat-screen TVs for only 99 cents to the first nine customers in line. In addition, anyone in line by 7:45 a.m. will receive a raffle ticket for a chance to win the tenth Westinghouse 40-in. flat-screen TV.

     

  • JLL appoints Greg O’Brien CEO, Americas

    Chicago — Jones Lang LaSalle has named Greg O’Brien chief executive officer, Americas. Reporting directly to Colin Dyer, president and CEO of JLL, O’Brien will have overall responsibility for the Americas business. He will be succeeded as CEO, Markets by John Gates. Both appointments are effective immediately.

    Currently a member of the firm’s Americas Executive Committee, which sets the strategic direction for the region, O’Brien will now head this group and join the firm’s Global Executive Board.

     

  • CPRT names new chief operations officer

    Baton Rouge, La. — Commercial Property Realty Trust, a REIT that manages and develops property holdings of the Baton Rouge Area Foundation has named Gerard “Stick” Thibodeaux VP and COO.

    Thibodeaux will oversee the leasing and property management of Acadian Village Shopping Center in Baton Rouge, La., and the retail components of two traditional neighborhood developments — American in Zachary, La., and 5401 North in Raleigh, N.C.

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