REAL ESTATE

  • Simon names Mills’ eastern region marketing director

    Chevy Chase, Md. — Simon Property Group has promoted Sean Mayo, former director of strategic partnerships for Simon Business Ventures, to regional director of marketing, east region of The Mills portfolio.

  • Sears closing downtown Chicago store

    Hoffman Estates, Ill. – Sears plans to close a store in the Loop section of downtown Chicago in April 2014. Sears spokesperson Howard Riefs announced the closing in an email which said the store’s 160 employees, most of whom are part-time, will be eligible to apply for jobs at other Sears stores in the area and also to receive severance.

  • New Dickey’s Barbecue Pits in Texas and W. Virginia

    Dallas — Two new Dickey’s Barbecue Pits will open on January 23, one in Lumberton, Texas, and another in Fairmont, W. Va. Both will offer the first 50 customers gift cards for up to $50.

    The Lumberton location will be franchise owner Andy Maredia’s second Dickey’s franchise in the area. He plans to open more locations in the future.

    The Fairmont franchisees Joe and Bonnita Pena plan to open five additional locations.

  • Sembler/Forge fund acquire Raleigh, N.C., center

    St. Petersburg, Fla. — Forge Real Estate Partners III, co-sponsored by the Sembler Company and Forge Capital, has formed a joint venture with East Coast Acquisitions and acquired Tarrymore Square in North Raleigh, N.C.

    Tarrymore Square is a 256,805-sq.-ft. shopping center with a 65% occupancy rate. Existing tenants include Walgreens, Rugged Warehouse, Surplus Warehouse, Rainbow Fashions, Rent-A-Center and Miller-Motte Technical College.

  • Walgreens to reopen remodeled Union Square flagship

    New York -- Walgreens announced the official grand re-opening of its newest 24/7 flagship store, located in Manhattan’s Union Square neighborhood. The store, which will open on Jan. 23, originally opened in 2001 and has now been renovated to feature Walgreens' new “Well Experience” format.

    The store's expanded features include:

  • Krispy Kreme plans Southern California expansion

    Winston-Salem, N.C. – Krispy Kreme has signed a development agreement with existing franchisee Great Circle Family Foods, LLC, to develop 20 new doughnut shops in Southern California during the next seven years. A Krispy Kreme franchise partner since 1998, Great Circle Family Foods currently operates 11 Krispy Kreme shops in Southern California.

    The planned shops are expected to feature Krispy Kreme's new small factory design, including a drive-thru.

  • Bon-Ton extends Boston Store, HQ lease in Milwaukee

    York, Pa. – The Bon-Ton Stores, Inc. has reached an agreement with the city of Milwaukee to extend the lease for its Boston Store location in The Shops of Grand Avenue, Milwaukee, contingent upon the city providing financial contributions from its downtown Tax Increment Financing district.

  • New Sam’s Clubs in Warwick, R.I., and Mooresville, N.C.

    New York --  Sam’s Club will open two new clubs on Thursday, January 23, one in Warwick, R.I., and another in Mooresville, N.C.

    The 136,000-sq.-ft. Warwick club has created 140 new jobs. Also 136,000 sq. ft., the Mooresville club has created 160 new jobs.

    Both clubs will feature a variety of members-only amenities, including a fresh bakery, a tire and battery center, a café and a fuel station.

  • Corner Bakery Café bullish on expansion

    Dallas -- Corner Bakery Café in 2013 signed 12 new area development agreements with franchisees, adding commitments for more than 120 new locations and raising the total to more than 300 cafes under development as the company moves forward on its goal to double its U.S. footprint in the next three years. Currently, Corner Bakery has more than 160 company-owned and franchised locations in 17 states and Washington, D.C.

  • Sam’s Club opening two new stores on Jan. 23

    Bentonville, Ark. – Sam’s Club plans to open new stores on Thursday, Jan. 23, with a location in Warwick, R.I., and one will open in Mooresville, N.C.

    Both stores will measure approximately 136,000 sq. ft. and feature a fresh bakery, a tire and battery center, and a café. A pharmacy and a hearing aid center are open to both members and the general public. The Mooresville store also offers the Click N Pull personal shopping service, as well as a fuel station.

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