REAL ESTATE

  • Plaza Retail REIT plans six Canadian retail projects

    Fredericton, Canada -- Plaza Retail REIT plans six new Canadian retail projects: four new re-developments and two new ground-up development projects. Four projects are located in Quebec, one in Atlantic Canada and one in Ontario.

    In all, Plaza will be investing approximately $24 million for its share of these six new projects and will add approximately 155,000-sq.-ft. to its portfolio of retail properties (at Plaza's ownership percentage). The Ontario project and three Quebec projects are being developed with joint venture partners.

  • DSW opens three new stores April 10

    Columbus, Ohio – DSW Inc. is opening three new stores on April 10. The stores will be located in Tempe, Ariz., DeKalb, Ill., and Washington, D.C.

    DSW Rewards is a free loyalty program in which customers earn certificates toward future DSW purchases and receive special member-only offers. Customers can also participate in a Shoe Lover community on Facebook to receive exclusive offers and giveaways.

  • Urban Outfitters set to unveil new concept, Space Ninety 8

    New York -- Urban Outfitters will unveil a new concept, Space Ninety 8, on April 4, in the hip Willliamsburg section of Brooklyn, N.Y.

    The five-level space is located in a renovated warehouse and has an industrial look, complete with exposed ceilings and brick walls. The basement will house a rotating series of pop-ups, while the first floor will showcase independent designers and vendors, according to the Village Voice. The first floor will also be home to a vintage shop, called Urban Renewal.

  • Herberger’s Clearance Center to open in Maplewood, Minn.

    York, Pa. -- The Bon-Ton Stores plans to open a 27,000-sq.-ft. Herberger’s Clearance Center in Maplewood, Minn. The store is scheduled to open May 2014.

    “We are pleased to announce the opening of our fourth free-standing clearance center,” said Brendan Hoffman, president and CEO.

    Bon-Ton Stores operates 270 department stores in 25 states in the Northeast, Midwest and upper Great Plains under the Bon-Ton, Bergner’s, Boston Store, Carson’s, Elder-Beerman, Herberger’s and Younkers nameplates.

  • Modell’s to open 156th store

    New York -- Modell’s Sporting Goods will open a store in midtown Manhattan, near Madison Square Garden, on April 4.

    The store is the retailer’s 156th location.

  • Pita Grill leases LaGuardia Place shop in Greenwich Village

    New York — Pita Grill has signed a 12-year lease for 2,700-sq. ft. in Greenwich Village at 496 LaGuardia Place between West Houston and Bleecker Streets. The space includes 1,350 sq. ft. on the ground floor and 1,350 sq. ft. on the lower level. The quick-service restaurant will be the chain’s ninth location since if first opened a few blocks away at West 4th Street in 1994.

  • JLL names vice chair of New York retail brokerage

    New York — JLL has named Robert Gibson vice chairman of New York retail brokerage. He will be responsible for the growth of retail tenant and agency leasing in New York.

    Most recently, vice chairman with Cushman & Wakefield Inc.’s Midtown Manhattan office, Gibson has more than 26 years of retail leasing experience in New York and nationally.

  • Target to open store in Westwood, Mass.

    Minneapolis -- Target announced plans to open a store in Westwood, Mass., opening in March 2015.

    The 135,000-sq.-ft. store will be part of the new University Station development. It will be the 26th Target store in the Boston area.

  • Inland acquires Mokena Marketplace in Mokena, Ill.

    Oak Brook, Ill. — Inland Real Estate Corporation has announced the acquisition of Mokena Marketplace in Mokena, Ill., an affluent suburb located within the Chicago metropolitan area for $13.7 million in cash.

  • Pita Grill leases LaGuardia Place shop in Greenwich Village

    New York — Pita Grill has signed a 12-year lease for 2,700-sq. ft. in Greenwich Village at 496 LaGuardia Place between West Houston and Bleecker Streets. The space includes 1,350 sq. ft. on the ground floor and 1,350 sq. ft. on the lower level. The quick-service restaurant will be the chain’s ninth location since if first opened a few blocks away at West 4th Street in 1994.

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