REAL ESTATE

  • Ulta opens at Springdale Mall

    Mobile, Ala. -- Brixmor Property Group announced that Ulta has opened a 12,017-sq.-ft. store at Springdale Mall, located in Mobile, Ala.

    Brixmor, based in New York City, is the owner of Springdale Mall.
     

  • Burke’s Outlet opens at Island Plaza

    James Island, S.C. -- Brixmor Property Group announced that Burke’s Outlet has opened a 26,680-sq.-ft. store at Island Plaza, located in James Island, S.C.

    Island Plaza is owned by Brixmor, based in New York City.
     

  • Report: U.S. retail availability expected to decline in 2012

    Boston -- A report released Monday by CBRE Econometric Advisors, a division of Los Angeles-based CBRE Group, said that the U.S. retail real estate sector’s availability rate is expected to decline to 12.4% by the end of 2012.

    In 2013, the national retail availability rate, including neighborhood and community centers, will drop further, reaching 11.7%.
     
    In third quarter 2011 the retail availability rate was 13.2%. This rate remains well above the previous availability peak of 11.3% set in second quarter 1992.

  • Stirling announces exec promotion

    Covington, La. -- Stirling Properties announced it has promoted Chris Abadie to VP and manager of the Commercial Brokerage Division after 11 years as a sales and leasing executive with the company.

    In his new role, Abadie will oversee all aspects of commercial operations throughout each of Stirling Properties brokerage offices located in Louisiana and Mississippi. 
     

  • Jimmy John’s to open at Kemp Crossing

    Wichita Falls, Texas -- Dallas-based Cypress Equities said Monday that Jimmy John’s Gourmet Sandwiches has signed a lease to occupy 1,710 sq. ft. at Kemp Crossing, located in Wichita Falls, Texas.

    The new Jimmy John’s location will be operated by franchisee Balwanti Indra Dayaram.

  • Golden Triangle Mall acquired, to be redeveloped

    Dallas -- GTM Development, a limited partnership created by The MGHerring Group and Cencor Realty Services, said it has completed the acquisition of Golden Triangle Mall in Denton, Texas.

    MGHerring will be responsible for the redevelopment of the 765,000-sq.-ft. Golden Triangle Mall, which will begin in early 2012 with a grand reopening slated for next fall.

    Cencor manages the mall while MGHerring and The Weitzman Group, Cencor’s brokerage affiliate, jointly lease the property.

  • Blakeney announces new leases, expansions

    Charlotte, N.C. -- CNL Crosland Commercial Real Estate announced two new tenant signings and an expansion for an existing retailer at Blakeney, a retail shopping center in south Charlotte, N.C.

    Flywheel Sports is slated to open at Blakeney in January. Accessory boutique Bijuju opened earlier in November, and Creative by Nature Home doubled its square footage and moved into a new space in September.

  • City Sports opens 21st store

    Silver Spring, Md. -- City Sports has opened its 21st store, in downtown Silver Spring, Md. It is the retailer’s second location in the metro D.C. area to open in the past year.

    The store features an interactive electronics section that offers shoppers the use of in-store iPads to access information about products and the ability to wear-test headphones.

  • Infill Alert

    By industry estimates, concrete-slab moisture-related floor-covering failures cost retailers, building owners and contractors more than $1 billion every year. But it’s not just new spaces that present a challenge in this regard. With infill the name of the game in retail development, retailers that open stores in existing spaces also need to be on full alert to the potential for flooring problems.

  • AT&T opens ‘Retail Innovation Center’

    Chicago -- AT&T announced the opening of the AT&T Retail Innovation Center in Arlington Heights, Ill.

    The 10,400 sq.-ft. space — more than twice the size of a conventional AT&T store layout — is designed to showcase the company’s most innovative products and serve to gather customers’ feedback on new retail concepts — all designed to help shape the ultimate customer experience across AT&T’s more than 2,300 stores nationwide.

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