Strategy

Chattanooga, Tenn. -- CBL & Associates Properties announced that Farzana Mitchell has succeeded John Foy as CFO.  

Foy will remain in the near term as executive vice chairman to provide continuity through the transition.  

In addition, the CBL board announced that Katie Reinsmidt has been promoted to the new position of senior VP – investor relations and corporate investments.

Santa Monica, Calif. -- SPL Realty Partners, exclusively representing Australian women’s activewear retailer Lorna Jane, announced 11 leases have been secured for Lorna Jane’s expansion into the United States.

The retail sites are located throughout the Southern California region including stores in Santa Monica, Woodland Hills, Glendale, Irvine and Huntington Beach.

A warehouse was also secured for the support of the network of retail stores and online fulfillment in Santa Monica, Calif.

Atlanta -- RedPrairie Corp., a global supply chain and retail technology provider, announced that Adidas has gone live with RedPrairie workforce management (WFM) at its Singapore retail locations. Adidas will leverage RedPrairie WFM to increase employee productivity and optimize scheduling to help Adidas deliver optimal customer service to Singapore consumers.
 

Tomball, Texas -- Houston-based Baker Katz, an X Team International partner, announced that Spec’s Wines, Spirits and Finer Foods is the newest tenant to sign a lease at Four Corners Shopping Center in Tomball, Texas. Spec’s will open a 22,000-sq.-ft. store.

Lakeland, Fla. -- Publix Super Markets announced that it has signed a lease for its first store in the state of North Carolina. The company said it is looking forward to continued growth in the state, and that the new location will be part of a new division based in Charlotte.

The 56,000-sq. ft. store, which will be located in Ballantyne, N.C., is scheduled to open in early 2014.
 

Chestnut Hill, Mass. -- WS Capital Partners, the institutional investment arm of WS Development, announced that it has completed the acquisition of Hilldale Shopping Center, a 474,000-sq.-ft. retail center located in Madison, Wis.

Anchored by Macy’s, Metcalfe’s Market, Sundance Cinemas and Target, Hilldale Shopping Center serves the entire Madison metropolitan area, including the nearby University of Wisconsin-Madison.

MINNEAPOLIS — Target is opening its first store in East Peoria, Ill. in March 2013. The 135,000 sq. ft. store, located at Clock Tower Drive and West Washington Street, will be part of the 86-acre East Peoria Downtown development.

According to Target, the new store will feature the typical Target assortment along with a selection of fresh produce, fresh packaged meat and pre-packaged baked goods as well as a Starbucks and a Target Pharmacy to further enhance guests’ experience. The store will employ approximately 150 to 200 team members.

South Gate, Calif. -- Primestor Development announced that Azalea Regional Shopping Center has launched construction in South Gate, Calif. The 380,000-sq.-ft. project, expected to be completed by early 2014, will include retailers, restaurants and services in a modern setting with water features, a large open-air plaza, Wi-Fi and gathering areas.