Strategy

Plano, Texas --- The Weitzman Group/Cencor Realty Services said that Just Fitness 4 U has leased 21,577 sq. ft. of anchor space in Spring Creek Marketplace, a shopping center located in Plano, Texas, for its fifth Dallas/Ft. Worth location.

Just Fitness 4 U, which currently operates locations in Dallas, Carrollton, Mesquite and Hurst, also operates in key markets such as Atlanta and Salt Lake City.
 

Enfield, Conn. -- Centro Properties Group announced a 13,865-sq.-ft. lease has been executed with Jo-Ann Fabrics and Crafts at Freshwater-Stateline Plaza, located in Enfield, Conn.

New York City-based Centro Properties Group is the owner of Freshwater-Stateline Plaza.
 

Pelham Manor, N.Y. -- Dallas-based SRS Real Estate Partners said it has negotiated an 8,280-sq.-ft. lease for Five Below at Pelham Manor Shopping Center in Westchester County, N.Y.

The new store opened in April.

New York City -- Fast-casual restaurant operator Au Bon Pain is launching a major remodeling program that will transform all of its 318 cafes. The Boston-based chain also is testing iPads as an order-taking device in select stores.

Under this initiative, the company has already remodeled a majority of its cafes in the greater New York City area, one of the company's largest markets.

Hartford, Conn. -- RBS recently completed a $20 million senior credit facility for FM Global Holdings (FM Facility Maintenance). The proceeds will be used to provide working capital for growth and acquisition financing.

New York City -- The U.S. shopping-center industry grew to approximately 108,000 centers in 2010, according to the latest statistics from CoStar Group. The data, compiled on behalf of the International Council of Shopping Centers (ICSC), marked the slowest U.S. industry growth (+0.2% or 259 centers) on record since at least 1971 for which consistent data exist.

Norwalk, Conn. -- Retail chief financial officers (CFOs) of U.S. middle-market companies are becoming more optimistic concerning the state of the industry, according to the latest GE Capital survey of  retail CFOs of companies with revenues ranging from $50 million to $1 billion.

HINGHAM, Mass. — Talbots reported that first quarter income from continuing operations was $0.9 million, or 1 cent per share, compared with last year’s loss from continuing operations of $7.1 million, or 12 cents per share.

EL SEGUNDO, Calif. — Boyd Clark was named SVP buying at Big 5 Sporting Goods following the resignation of long-time head merchant Thomas Schlauch, the company announced.

DEERFIELD, Ill. — Walgreens on Monday named Steve Pemberton the company’s divisional VP of diversity and inclusion, becoming the company’s first chief diversity officer.