REAL ESTATE

  • Cherry Hill Mall and GoMoto aim to change auto retail

    Philadelphia — Want to buy a car? Check out the automotive showroom at Pennsylvania Real Estate Investment Trust’s Cherry Hill Mall.

    PREIT has undertaken a three-month partnership with GoMoto, an automotive tech company that aims to change the way people shop for cars.

  • Carrabba’s inks deal for Venice, Florida, restaurant

    Venice, Fla. — Carrabba’s Italian Grill has signed a long-term ground lease for a 1.31-acre outparcel in the parking lot of the Lowe’s Home Improvement store in Venice, Florida. Carrabba’s plans to begin the construction of a new restaurant immediately, with the grand opening slated for late this year.

  • RPAI acquires six retail assets in JV dissolution

    Oak Brook, Ill. — Retail Properties of America has announced an agreement to acquire six multi-tenant retail assets through the dissolution of its MS Inland joint venture. The joint venture owns the portfolio, with 20% owned by RPAI and 80% owned by RPAI’s partner. RPAI will acquire its partner’s 80% interest in the six properties.

  • Charming Charlie to South Shore in Alameda, California

    Alameda, Calif. — Charming Charlie has signed a 10-year lease for a new 5,570-sq.-ft. store at Alameda South Shore Center in Alameda, California. Cornish & Carey Commercial Newmark Knight Frank represented the landlord, Jamestown, the real estate investment and management firm, in the transaction.

    Slated to open in September, the new Charming Charlie will join Carter’s and Crazy 8, two more recently signed tenants, in the 594,000-sq.-ft. open-air shopping center.

  • WinCo to open distribution center in Phoenix

    Boise, Idaho — WinCo Foods LLC has announced that it will begin shipping from its new distribution center in Phoenix. With more than 900,000 sq. ft., the new center will service 19 WinCo Foods stores located in Arizona, Southern Nevada and Southern California, a little more than half of the facility’s capacity.

  • Domino’s set to open 11,000th location

    Ann Arbor, Mich. -- On Wednesday, nearly 54 years after its founding in Ypsilanti, Michigan, Domino's Pizza will open the doors to its 11,000th store, in Brantford, Ontario.

    "Domino's international growth continues to expand, and I think it is special that we reached this milestone in Canada, the country where the international growth started,” said Mike Schlater, Domino's Pizza of Canada master franchisee. “I am proud to continue serving this community by bringing the 11,000th store to Brantford."
     

     

  • Field & Stream to open Erie, Pennsylvania, store

    Pittsburgh — The Field & Stream specialty retail concept has announced plans to open a new store in Erie, Pennsylvania, on June 13 at Millcreek Marketplace.

    Field & Stream stores carry a wide variety of national outdoor brands including Remington, Sitka, Sage, Simms, Shimano and Yeti and provide a variety of in-store services. The store is not associated with Field & Stream Licenses Co. or Field & Stream Magazine. Dick’s Sporting Goods owns and operates Field & Stream specialty retail stores and FieldandStreamShop.com.

  • Dover Saddlery to open first Ohio store

    Littleton, Mass. - Dover Saddlery Retail Inc. plans to open the first Dover Saddlery tack store in Ohio in summer 2014. The store will be located in Cincinnati and offer in-store services including a saddle demo program and custom boot measuring.

  • Doing More With Less

    Smart retailers can succeed in a tight real estate market with limited capital

    Even as the economy continues on a path of slow improvement, brick-and-mortar retailers still find themselves in a real estate market with few vacancies and even fewer new malls under construction. In addition, corporate management remains reluctant to expend any more capital than it feels is absolutely necessary to meet immediate needs.

  • Three Decades of Retail

    Mid-America celebrates 30 years in the retail real estate information business

    Mike George likes to say that his company is in the retail real estate information business. “Our clients buy, sell and lease retail real estate,” said George, principal and president of Oakbrook Terrace, Ill.- based Mid-America Real Estate Group. “Clients that buy and sell real estate rely on us for information that helps them make the best business decisions. When clients hire us to manage and lease shopping centers, they want our information-based decisions.”

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