Corporate Governance

Indianapolis — Simon Property Group and Tanger Factory Outlet Centers have announced that construction has begun on Charlotte Premium Outlets. The first phase of the planned 400,000-sq.-ft. center will open in the summer of 2014. The project is a 50/50 joint venture between Simon and Tanger.

Charlotte Premium Outlets will feature Saks Fifth Avenue Off 5th and more than 90 other outlet stores.

Tanger is providing site development and construction supervision to the venture. Simon is providing management services and marketing.

Charlotte, N.C. — Fiesta Restaurant Group has selected the AMTdirect software platform to manage its portfolio of more than 300 company-owned and franchised locations in the U.S. and Latin America.

AMTdirect’s integrated platform will streamline processes, consolidate real estate data across the business and provide Fiesta with a 360-degree view of its entire portfolio.

Atlanta -- The Home Depot has appointed CVS executive VP and chief healthcare strategy and marketing officer Helena Foulkes to its board of directors.

Foulkes, 49 will be a member of the Finance and Leadership Development & Compensation Committees.

Philadelphia — Pennsylvania Real Estate Investment Trust has completed the sales of two power center properties. In two separate transactions, PREIT sold Christiana Center in Newark, Del., and Commons at Magnolia in Florence, S.C. for $87.3 million. The proceeds represent a blended cap rate of 6.8%. Gains on the sales totaled approximately $45.4 million.

In connection with these transactions, the buyer assumed the $49.2 million mortgage loan secured by Christiana Center.

Dallas — A fund managed by Cypress Equities has acquired Promenade Tannehill in Bessemer, Ala., a suburb of Birmingham.

Tannehill is a 347,151-sq.-ft. regional power center that opened in 2008 and presently houses more than 30 retailers, including Target, Publix, J.C. Penney, Michaels, PetSmart, Premiere Cinemas, Charming Charlie, Anna’s Linens and Ross Dress For Less.

Pittsburgh -- Dick’s Sporting Goods announced that its second freestanding Field & Stream location will open on November 1, in Buttermilk Towne Center, Crescent Springs, Ky.

Dodgeville, Wis. -- Lands' End has launched an easier and more efficient online shopping experience for international customers. Customers can now view local pricing the same way they would if they were ordering from a local site.

U.S. prices on landsend.com can be converted into more than 60 local currencies.

In addition, all fees (duty, tax and shipping) will be displayed and included in the order total at checkout.

Miami — Gourmet pizza and Panini restaurant Spris has opened in Miami’s Southeast Financial Center in the central business district.

The 1,512-sq.-ft. restaurant is the most recent in a series of Miami homegrown restaurateurs to come to the 1.225 million sq. ft. office tower and plaza.