REAL ESTATE

  • 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.

  • Simon announces JV to develop St. Louis Premium Outlets

    Indianapolis -- Simon Property Group announced a joint venture with Woodmont Outlets and EWB Development to develop, lease and manage St. Louis Premium Outlets, a new upscale outlet center in Chesterfield, Mo. 

    The new outlet center, which was announced in October as Spirit of St. Louis Outlets, will be comprised of 55 acres and will anchor Chesterfield Blue Valley, a mixed-use development to include office space, hotel, restaurant and entertainment venues. 

  • CenterMark to rehab Glenville Market building for Deal$

    Cleveland -- CenterMark Development said it has signed a lease with Deal$, a division of Dollar Tree, to occupy an 11,000‐sq.-ft., former Easttown Eagle Market building in the Glenville neighborhood of Cleveland.

    CenterMark purchased the long‐vacant building in October and said it expects to complete the rehabilitation by the spring of 2012. A grand opening is expected during the second quarter following interior improvements by Deal$.
     

  • SRS Real Estate announces new hire

    Dallas -- SRS Real Estate Partners announced it has hired Kyle Stonis as a senior VP in the Atlanta office.

    Stonis will focus on strengthening the investment sales platform for SRS in Atlanta and throughout the Southeast.

    Previous to SRS, Stonis worked for Bull Realty in Atlanta as a retail investment broker and senior VP.

  • Coco Fresh Tea & Juice opens at Sky View Center

    Queens, N.Y. -- Onex Real Estate Partners said that Taiwanese tea brand Coco Fresh Tea & Juice has opened its newest teashop at Sky View Center, the 800,000-sq.-ft., multi-level regional mall in downtown Flushing, N.Y.

    The 600-sq.-ft. teashop operates a sister location on Main Street, in Flushing.

  • Nothing Bundt Cakes expands with four new North Texas locations

    Dallas -- Cake retailer Nothing Bundt Cakes said it is expanding its Texas presence with four new leases.

    The retailer worked with Venture Commercial Real Estate to negotiate new stores in Arlington, Frisco, Flower Mound and Rockwall.

    Nothing Bundt Cakes entered the North Texas market in 2007 with a Southlake store and has since added locations in Dallas, Fort Worth and McKinney. The four new leases will bring the total to eight locations open by the end of 2011, with plans to open stores in Plano and the Lake Highlands area in 2012.

  • Forest City to use mobile technology in study

    Cleveland -- Forest City Commercial Management announced that it will test a new survey technology by U.K.-based Path Intelligence to track mall shopping behavior and flow by using mobile phones. 

    The surveys will be conducted at Promenade Temecula in Southern California and Short Pump Town Center in Richmond, Va., from Black Friday to New Year’s Day. They mark the first use of this kind of technology in a mall setting.

  • SRS Real Estate hires new team members in Chicago

    Dallas -- SRS Real Estate Partners said it has hired two new team members in the Chicago office.

    Tim Henry has been named senior VP and market leader. He was previously a founding principal with National Facilities Group.

    Todd Gould was named senior VP.
     

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