REAL ESTATE

  • Dillard’s names VP real estate

    Little Rock, Ark. -- Dillard’s said Thursday that it has appointed Chris Johnson as its VP real estate. He succeeds James Cherry, Jr., who retired in December.

    Johnson, a CPA, was previously VP of accounting for the department store retailer.
     

  • Disney Baby opens its first store

    New York -- The Walt Disney Co. on Thursday will open its first store under the Disney Baby banner, USA Today reported. The new store is located in Americana, an upscale shopping center in Glendale, Calif.

    “This gives Disney the opportunity to reach out to moms when magical moments begin," Bob Chapek, president of Disney Consumer Products, told USA Today. "There's no more special occasion than the birth of a baby."

  • Supervalu to close 60 underperforming stores

    Minneapolis -- Supervalu announced Wednesday it will close about 60 underperforming or nonstrategic stores in fiscal 2012. The closings include 22 Save-A-Lot locations, 27 Albertsons stores, four Acme stores and one previously announced Jewel-Osco.

    The majority of the stores are expected to close before Dec. 1, which marks the end of the company’s fiscal 2013 third quarter.

  • Saks to shutter an Illinois and a Texas store

    New York -- Saks Inc. said Thursday that it will close its Highland Park, Ill., store, located in Renaissance Place, and its Austin, Texas, store, located in the Arboretum Market.

    Both stores are slated to close on Dec. 31.

  • SRS names VP

    Dallas -- SRS Real Estate Partners said that Scott Tiernan has joined the company as VP in the Atlanta office.

    Tiernan is charged with helping single-tenant building retailers and restaurateurs expand through leveraging the capabilities of SRS and Cypress Equities. Tiernan previously worked for O'Leary Partners in Atlanta.


     

  • Rent-A-Center expands at University Commons

    Wilmington, N.C.  -- Brixmor Property Group said that Rent-A-Center recently expanded from 3,200 sq. ft. to 4,800 sq. ft. at University Commons, located in Wilmington, N.C.

    Brixmor, based in New York City, is the owner of University Commons.

  • Ulta to open flagship store in Center City Philadelphia

    Philadelphia -- Plymouth Meeting, Pa.-based Fameco Real Estate said that it represented Ulta Beauty in a 13,647-sq.-ft. lease at 1619 Walnut Street, the former Westinghouse studio, developed by Vesper Property Group and located in Center City, Philadelphia.

    The lease marks Ulta’s first retail location in Center City. It will open a three-level store much like its other signature urban store in Chicago.

  • New salon to open at Village on the Green

    Dallas -- Cypress Equities said Friday that Iconic Salon Suites will open at Village on the Green in north Dallas.

    Iconic Salon Suites will occupy a 6,800-sq.-ft. retail space beside Jos. A. Bank, and joins recent additions such as Allstate, Plush Nails & Spa and Chiro One Wellness Centers.

  • Fameco announces staff additions

    Plymouth Meeting, Pa. -- Fameco Real Estate announced that it has hired three new salespeople and has expanded its property management group with the hire of a new property management accountant and several internal moves to better support its growth.       

  • Nordstrom opens Rack store in Back Bay area

    Boston -- CBRE/Grossman Retail Advisors said that Nordstrom will open a new Nordstrom Rack at The Newbry in Boston’s Back Bay neighborhood, further expanding its presence in the Boston market to four full-line stores and four Nordstrom Racks.

    The approximately 38,000-sq.-ft., two-level store is scheduled to open spring 2013.
     

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