REAL ESTATE

  • Trio of new tenants complete Phase II of Crossroads at Somerset leasing

    Franklin Township, N.J. -- Crossroads Cos., based in Mahwah, N.J., announced that three new Crossroads at Somerset lease agreements have rendered the retail Phase II component of the grocery-anchored neighborhood shopping center fully occupied.

    Integrated Health, La Vida Massage and and Robert Wood Johnson University Hospital will join the 118,000-sq.-ft, mixed-use project, already tenanted by Verizon Wireless, My Tokyo Sushi, Let’s Yo Frozen Yogurt, Frank’s Pizza and Hair Cuttery.

  • Walmart Supercenter opens after eight years in the making

    Baltimore, Md. -- New York City-based Brixmor Property Group said Walmart Supercenter at Liberty Plaza, in Randallstown (Baltimore), Md., grand-opened on Oct. 17 in 160,908 sq. ft.

    Brixmor said that discussions with Walmart for the development of this supercenter began as early as 2004, as redevelopment efforts paved the way for the retailer.

  • Ross to open urban store in mixed-use center

    Peoria, Ill. -- Cullinan Properties Group, developer of the East Peoria (Ill.) Downtown development, said Friday that Ross Dress for Less will open a 25,000-sq.-ft. junior-anchor store at the mixed-use project, joining previously announced Target, Costco, Ulta and Gordman’s.

    Red Robin Gourmet Burger will open a 4,001-sq.-ft. restaurant and dental chain Heartland Dental Care will open in a 2,700-sq.-ft. space.

  • Starbucks opens first store in India

    Mumbai -- Starbucks Coffee Co. on Friday entered its 61st country with the opening of its first store in India, in a historic building in southern Mumbai. The store is owned and operated by Tata Starbucks Limited, the 50/50 joint venture between Starbucks and Tata Global Beverages Limited. The company plans to open two additional stores in Mumbai next week before launching in New Delhi in early 2013.

  • Dunkin’ Donuts to open 16 locations in Salt Lake City

    CANTON, Mass. -- Dunkin' Donuts has signed a multi-unit store development agreement with existing franchisee Sizzling Donuts, LLC for 16 new restaurants in Salt Lake City, Utah.
     
    The first restaurant is planned to open in 2013 and the remainder by 2018.
    In February 2012, Sizzling Platter, LLC formed the subsidiary Sizzling Donuts, LLC and signed their first multi-unit agreement with Dunkin' Donuts to develop 11 new restaurants in Denver, Colorado, and eight new restaurants in El Paso, Texas, over the next several years.

     

  • Target to add store in Chicago

    MINNEAPOLIS -- Target has announced plans to open a new store in Chicago.  The 190,000-sq.-ft. store, to be  located on West Division and North Larrabee Streets, is scheduled to open in October 2013.

    To date, Target has announced plans to open 10 Target stores in 2013, including CityTargets in Los Angeles, Portland and San Francisco.

     

  • Second Time Around adding new locations

    NEW YORK -- Consignment chain Second Time Around (STA) announced it is opening three more stores in Manhattan this October, all on the city’s Upper East Side.   

    The new locations will bring the company to 36 stores nationwide, with the figure expected to grow to 40 by year end.

  • Simon Property and Paragon Outlet in joint venture to open outlet center

    INDIANAPOLIS -- Simon Property Group and Paragon Outlet Partners, Baltimore,  have signed a letter of intent to jointly develop Charlotte Premium Outlets, in Stallings, N.C.

    Projected to open in 2014, the outlet center will be 400,000 sq. ft. and will house approximately 100 designer and name brand stores.
      
    The project, which is expected to break ground during spring 2013, is a 50/50 joint venture between Simon Property Group and Paragon Outlet Partners.

  • Claire’s Stores makes El Salvador debut

    Chicago -- Claire's Stores announced the opening of the first Claire's store in El Salvador. The store is located in the Metro Center Mall in the city of San Salvador.

    Claire's partnered with Coquerias S. A. for the new store. Coquerias S.A. is also Claire's franchise partner in the Guatemala market.  

    With the opening in El Salvador, the Claire's brand now reaches 34 countries globally.  

     

  • Togo’s plans to add 25-30 locations in Oregon

    San Jose, Calif. -- Togo's is aggressively targeting Oregon for expansion. The sandwich chain has fueled its development plans based on recent success of its Oregon franchisees.

    The company aims to open 25-30 restaurants throughout Oregon in cities such as Portland, Eugene, Hillsboro, Bend, Medford, Salem, Klamath Falls, as well as Vancouver, Wash., over the next several years.

     

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