Corporate Governance

Wesley Chapel, Fla. -- RMC Property Group said it has been awarded the exclusive leasing assignment for Meadow Pointe, a 17,280-sq.-ft. neighborhood retail center situated within a 1,800-acre residential community in the fast-growing Wesley Chapel market.   

Meadow Pointe is located adjacent to a CVS Pharmacy and has retail space opportunities ranging from 1,200 sq. ft. to 10,500 sq. ft.

Chicago -- Oakbrook Terrace, Ill.-based Mid-America Asset Management Inc. announced that Fitness 19 recently leased 10,977 sq. ft. of space at The Broadway at Surf retail center in downtown Chicago’s Lincoln Park neighborhood.

The privately held health club is slated to open in early 2013. 

The Broadway at Surf is a 134,223-sq.-ft. multi-level urban retail center anchored by Walmart Neighborhood Market (coming soon), Bed Bath & Beyond and T.J.Maxx. 
 

Covington, La. -- Stirling Properties has announced it will develop a new full-service Walgreens drugstore in Gulfport, Miss.  

The proposed Walgreens will be located on a former Gulfmart Shopping Center site. Stirling Properties is providing development services, including lease negotiation, financing, and project management, to a third party owner of the property.

Oxnard, Calif. -- Brixmor Property Group announced the grand opening on November 14 of a 32,906-sq.-ft. Walmart Neighborhood Market at Esplanade Shopping Center, located in Oxnard, Calif.

Walmart Neighborhood Market will be celebrating its opening only weeks following the grand opening of another new retailer at Esplanade Shopping Center, Dick’s Sporting Goods.

Leawood, Kan. -- Glimcher Realty Trust announced that it will rename One Nineteen as Town Center Crossing. Glimcher and the owners of One Nineteen and Town Center Plaza will rebrand both centers with new logos, new signage and a shared property directory.

“Our hope by rebranding the properties is to create the Town Center district, marking one of the best retail areas outside of Kansas City,” said Marshall Loeb, president and COO, Glimcher Realty Trust.

Jackson, Miss. -- WS Development announced that Whole Foods Market broke ground in early November on a new 31,000-sq.-ft. store at Highland Village in Jackson, Miss., marking the grocer’s debut in the state.

The new store will open in 2013, joining about 50 shops and restaurants at the 220,000-sq.-ft. mixed-use center, such as Mason Weiss, Talbots, Whitehead Street Clothiers, and Albriton's Jewelers.

Indianapolis -- Simon Property Group said that St. Louis Premium Outlets, located in Chesterfield, Mo., has moved up its opening date to Aug. 22, 2013, and will be joined by Nike, Cole Haan, Converse, Gymboree, Adidas, Wilsons Leather and Claire's Accessories.

Other previously announced tenants include anchor Saks Fifth Avenue Off5TH, Ann Taylor, BCBGMAXAZRIA, Brooks Brothers, Elie Tahari, J.Crew, Jones New York, Loft Outlet, Max Studio, Tommy Hilfiger, Van Heusen and Vera Bradley.

Minneapolis -- Best Buy Co. woes continue, as the electronics retailer reported Tuesday a loss of $10 million for the quarter ended Nov. 3, compared with net income of $156 million in the year-ago period. Results were hurt by restructuring charges and slowed sales.

Sales slid 4% to $10.75 billion, but met Wall Street expectations. Same-store sales dropped 4.3%.

Philadelphia -- Urban Outfitters reported Monday that net income in the third quarter rose 17.4% to $59.5 million, compared with $50.7 million in the prior-year period but missing Wall Street estimates.

Sales rose 13.6% to $692.9 million, narrowly missing analysts’ expected $692.5 million in revenue. Same-store sales dipped 1%.

Fort Myers, Fla. -- Chico's FAS reported Tuesday that net income for the quarter ended Oct. 27 surged 57.4% to $41.7 million, compared with $26.5 million in last year's third quarter.

Sales increased 18.2% to $636.7 million, and same-store sales grew 9.9%.

By banner, Chico's/Soma Intimates same-store sales increased 11.6%, and White House|Black Market rose 6.4%.