REAL ESTATE

CBRE signs six to new North Texas center

BY Jennifer Setteducato

The Crossroads at Terrell, a 270,000-sq.-ft. mixed-used development in Terrell, Texas, a southeastern suburb of Dallas, just added six new retailers to its lineup.

Petco, Spec’s Wine, Spirits & Finer Foods, GoWireless, Upscale Nails & Spa, Chiangmai Thai, and Sport Clips are slated to open third quarter of 2019. The new tenants will join Film Alley, Hobby Lobby, Ross, Famous Footwear, Burkes Outlet, Ulta and Marshalls, who signed on in August.

The Crossroads at Terrell is adjacent to Buc-ee’s Travel Stop, Film Alley–a 74,000-sq.-ft. movie theater and bowling alley–and the future location of Baylor Health Care center with a 50-acre campus.

CBRE’s Andrew Lehner is marketing the project on behalf of RealtyLink.

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Brandless takes its no-frills grocery and beauty concept to brick-and-mortar

BY Marianne Wilson

A new online startup that sells ‘better-for-you’ groceries and other items — almost all priced at $3 — has set up shop in New York City.

The Brandless store, dubbed “pop-up with purpose,” is designed to offer an immersive and interactive experience that activates all the senses and also communicates the company’s social mission. It combine education and community connection with plenty of tasting and sampling. Located in the city’s trendy Meatpacking District, the store is open until November 4.

The pop-up includes a bamboo forest display that explains how tree-free paper goods can be made from sugarcane and bamboo grasses, and a fair-trade coffee bar that highlight the importance of supporting fair wages and safe working conditions for coffee farming communities. On display is Brandless’ entire product assortment across all categories, including non-GMO and organic food, clean and cruelty-free beauty products, non-toxic cleaners and home goods. Shoppers can also purchase a “Best of Brandless” bundle that has been specially curated and packed for New York.

In addition, Brandless’ purpose-driven mission is conveyed with interactive storytelling installations focused on giving back, practicing kindness and making a positive impact on communities. The company donates a meal in partnership with Feeding America every time someone makes a purchase on its web site. It will also donate one meal for every social post using #BrandlessLife throughout the duration of the pop-up.

“We want people to experience #BrandlessLife, which extends beyond the products to a movement centered on simple, fair prices,” said Tina Sharkey, co-founder and CEO of Brandless. “The NYC pop-up will not only embody the Brandless ethos, but will also bring our delicious goods and awesome products to life through tasting flight menus, a full tasting wall of non-GMO, organic and vegan snacks, a fair-trade coffee experience, a clean beauty lounge and so much more.”

Brandless launched in 2017. This summer, the company received $240 million Series C funding led by SoftBank’s Vision Fund, which valued Brandless at over $500 million.

For more slideshows, click here.

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Target hits a store milestone

BY Marianne Wilson

Target now has an outpost in all 50 states.

The discounter hit the milestone with the opening of a location in South Burlington, Vermont. The 60,000-sq.-ft., small-format store is near the University of Vermont, at University Mall. The space was formerly home to Bon-Ton.

The site is Target’s first small-format to offer the retailer’s complete array of fulfillment options, including an order pickup counter for online orders, drive up service for cars (as well as bikes and motorcycles, and same-day delivery shopped by Shipt. The space is designed to offers shoppers quick, stress-free trips with a curated assortment of food and beverages, college gear, home décor, apparel, health and beauty products and more, including a Starbucks.

In addition, the store features a number of sustainable features, including repurposing the existing retail space, waste composting, and efficient lighting and mechanical designs.

“We’ve listened closely to our partners and elected officials to understand what they wanted most from their local Target store, and tailored the experiences to serve local guests’ needs.” said Jim Hogan, group VP of Target’s New England stores.

The Vermont location is one of eight small-formats Target locations opening in October across the country, with a total of about 30 opening this year.

“We’re continuing our investments to open more small-format stores in urban centers, densely populated suburban neighborhoods and near college campuses where a full-size store won’t fit, reaching many new guests along the way,” Target stated.

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