REAL ESTATE

  • Wal-Mart to expand in China with 110 new stores

    Bentonville, Ark. – Wal-Mart Stores plans to open as many as 110 stores in China between 2014 and 2016, as well as several new Sam’s Club locations there. The new stores will employ as many as 19,000 people.

  • Mansour brokers sale of Pet Smart and TJ Maxx

    Louisville, Ky. — The Mansour Group has announced the sale of Pet Smart and TJ Maxx, a 49,410-sq.-ft. retail box on an outparcel located in a 218,000-sq.-ft. shopping center owned by Weingarten. The seller was a national real estate advisory group and the buyer was a private investor.

     The offering is part of a large portfolio of similar former Service Merchandise assets — all exclusively listed by The Mansour Group.

     

  • Unleashed by Petco to Queens Fresh Meadows neighborhood

    Queens, N.Y. — The Fresh Meadows neighborhood in Queens is getting an Unleashed by Petco store. The new store will begin its grand opening celebrations Saturday, Nov. 9 and continue the celebrations over two more weekends.

    The Fresh Meadows Unleashed buy Petco will host several community gatherings throughout the year. There will be adoption events aiming to unite the area’s shelter pets with forever homes, Pug-a-Palooza, local dog meet-ups, contests and social gatherings.

  • Samsung Electronics Canada opening 90 in-store shops in Best Buy Canada and Future Shop

    MISSISSAUGA, Ont. -- Samsung Electronics Canada is opening 90 new format Samsung Experience Shops  in partnership with Best Buy Canada and Future Shop.  
     
    The company plans to expand its Canadian retail footprint with the opening of two freestanding Samsung Experience Stores, one in Edmonton, Alberta, and the other Richmond, B.C. All retail locations are scheduled to open by spring 2014.

  • Starbucks' new Teavana Fine Teas + Tea Bar format debuts in New York City

    Seattle – Starbucks will open its first Teavana tea bar in as the company continues to push beyond its core coffee foundation. Teavana Fine Teas + Tea Bar will open on the Upper East Side of Manhattan on Oct. 24, offering snacks and light foods, loose-leaf teas tea blends and novelty beverages, along with  and related merchandise.  

    The store is accented with light woods, comfy seating and low lighting. It has no Starbucks branding.

  • Build-A-Bear Workshop to open its first in-store shop, in FAO Schwarz

    St. Louis -- Build-A-Bear Workshop plans an in-store shop in the FAO Schwarz  Fifth Avenue flagship in Manhattan. Opening in early November, the location is the first Build-A-Bear Workshop store-within-a-store in the United States. (FAO Schwarz is owned by Toys “R” Us.)

  • Krispy Kreme to open new Georgia store

    Winston-Salem, N.C. – Krispy Kreme Doughnut Corporation will open a new store in Doraville, Ga., on Oct. 29. The newly constructed, free-standing facility is an approximately 2,300-sq.-ft. location with a drive-thru.

    "We are extremely excited to bring this newly constructed and updated shop to our loyal Doraville area doughnut and coffee fans," said Cindy Bay, senior VP of U.S. franchises and company stores for Krispy Kreme.

     

  • Two new locations for Nordstrom Rack

    Seattle -- Nordstrom announced two new locations for Nordstrom Rack, one in Columbus, Ohio, and one in Tulsa, Oak.

    Nordstrom Rack will open at Sun Center in Columbus, Ohio. The approximately 37,890-sq.-ft. store is scheduled to open in spring 2014.

    Nordstrom currently operates a full-line store in Columbus at Easton Town Center. The company opened the first Nordstrom Rack in the area at Easton Market on September 12, 2013.

  • Regency announces Glenview, Ill., development

    Chicago — Regency Centers Corp. has announced the development of Glen Gate, a 102,876-sq.-ft. shopping center located in Glenview, Ill., a North Shore suburb of Chicago. A 75,564-sq.-ft. Mariano’s Fresh Market, slated to open next fall, will anchor the development. The center will have one out-lot with an additional 24,000 sq. ft. for retail and restaurants.

  • Bojangles Knows Customer Demographics

    New York -- The three rules of retail real estate are the same as the three rules of any other type of real estate – “location, location, location.” But each retail chain has its own unique requirements for what makes a good location, and Charlotte, N.C.-based Bojangles’ Restaurants Inc. is getting some technical assistance in determining the best spots for new stores based on factors such as who lives nearby.

    Scouting the Best Locations

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