REAL ESTATE

  • Francesca’s opens at Exton Square Mall, Teavana on deck

    Exton, Pa. -- Philadelphia-based Pennsylvania Real Estate Investment Trust (PREIT) said Tuesday that Francesca’s Collections has opened at its Exton Square Mall property, in Exton, Pa.

    The arrival of the 1,300-sq.-ft. Francesca’s store will soon be joined by Teavana, which is set to open a 1,000-sq.-ft. store this summer.

  • Starbucks ramping up Southeast Asia growth with 200 stores in four years

    Seattle -- Starbucks Coffee Company reaffirmed its commitment to accelerate growth in Southeast Asia, announcing plans to open 100 stores in Indonesia over the next three years and another 100 stores in the Philippines over the next four years.

    Starbucks entered Southeast Asia in 1996 with its first store in Singapore. The company currently operates more than 700 stores across six countries, including Indonesia, Malaysia, the Philippines, Singapore, Thailand and, most recently, Vietnam.

  • DDR acquires $81 million in assets, including Dallas power center

    Beachwood, Ohio -- DDR Corp. announced Monday that, during the first quarter, it acquired two prime assets in Dallas and in Oakland, Calif., for $81 million.

    Also during the quarter, DDR disposed of $46 million of non-prime assets, including $8 million of non-income producing assets.

  • GBT Realty completes construction at McPherson Place

    Laredo, Texas -- Brentwood, Tenn.-based GBT Realty said Wednesday it has completed construction of a new shopping center that is home to four new retailers. The fully occupied McPherson Place, in Laredo, Texas, is tenanted by James Avery, Orange Leaf, Starbucks Coffee and AT&T. All four stores are open for business.

    “The quality of this location allowed us to completely fill the center with an outstanding list of retailers,” said Fraser Schaufele, VP leasing at GBT.

  • Abercrombie & Fitch reveals international expansion plans

    New York -- In its annual report filed Tuesday, Abercrombie & Fitch revealed that it plans to open Abercrombie & Fitch flagship stores in Seoul and Shanghai in 2013, as well as 20 international Hollister stores. The news sent the teen retailer’s shares rising on Wednesday.

    The company also said in the report that it is maintaining its focus on boosting profitability by simplifying processes, eliminating less-profitable parts of its business, shoring up efficiencies and cutting expenses.

  • Polaroid launches retail concept; 10 stores planned by yearend

    New York -- Polaroid has thrown its hat in the retail ring, opening its first-ever retail store, in Delray Beach, Fla. Nine additional locations in select U.S. cities are scheduled to open by the end of the year. For photos click here.

  • Leslie's Swimming Pool to open 48 stores this spring

    Phoenix -- Leslie’s Poolmart said Monday it will grand-open 15 Leslie’s Swimming Pool Supplies stores across 10 states on April 5, as part of the company’s plan to open 48 new stores this spring.

    The new stores opening on April 5 include: Tucson, Ariz.; Pleasanton, Calif.; Rohnert Park, Calif.; Cockeysville, Md.; Gastonia, N.C.; Las Vegas; New Hyde Park, N.Y.; West Chester, Ohio; Spartanburg, S.C.; Harlingen, Texas; Lake Jackson, Texas; Sherman, Texas; Wylie, Texas; Manassas, Va.; and Virginia Beach.

     

  • Aaron's plans 125 stores and 750 retail jobs for 2013

    Atlanta -- Rental chain Aaron's announced at its 2013 National Managers Meeting in Nashville that the company plans to open 125 stores in 2013 and hire 750 new employees.

    Aarons added 950 new jobs across the U.S. and Canada last year.

  • Dunkin' Donuts to open seven restaurants in northern Utah

    Canton, Mass. -- Dunkin' Donuts said Monday it has signed a multi-unit store development agreement with existing franchisee Sizzling Donuts to open seven new restaurants in northern Utah.

    The first restaurant is slated to open in 2013, with the remainder by 2020.

  • Regency Centers increases energy savings by 75% annually

    Jacksonville, Fla. -- Regency Centers announced Thursday that, through its 2012 “greengenuity” program, it increased annual energy savings by 75%, achieved LEED (Leadership in Energy and Environmental Design) certification for three projects, and tripled the amount of construction and demolition material recycled during the year.
     

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