Corporate Governance

New York City -- Sabre Real Estate Group said it has arranged a lease for the first Orangetheory Fitness Studio on Long Island.

The lease with landlord Federal Realty Investment Trust is for 3,480 sq. ft. at the Huntington Square Mall, located in East Northport and anchored by Sears and Barnes & Noble. The studio is expected to open in February.

Orangetheory Fitness has plans to open as many as 30 studios in Nassau and Suffolk Counties. 
 

Carmel, Ind. -- Indianapolis-based Kite Realty Group said that two new tenants will open at Hamilton Crossing Centre, located in Carmel, Ind.

Sport Clips has leased 1,293 sq. ft. and Evita Salon & Spa has leased 1,956 sq. ft.

Hamilton Crossing has a total GLA of 39,072 sq. ft. on 12.64 acres.
 

New York City -- Prudential Douglas Elliman's Retail Group said it has arranged a long-term lease at 1225 Madison Avenue for Poulet Rose, the recently launched tween division of young girl's fashion and accessories brand Pink Chicken.  

The current lease represents the brands' first standalone store in New York City, with only one other, a Pink Chicken, located in Amagansett. 
 

Woodmere, Ohio -- Urban Outfitters’ concept Free People, as well as men’s shoe retailer Allen Edmonds, will make their debut to the Northeast Ohio market when they open their doors at Eton Chagrin Boulevard.

The Eton location is Free People’s first Ohio boutique while the only other Allen Edmonds stand-alone store in the state is an outlet store in Jefferson, Ohio.

Covington, La. -- Stirling Properties announced it has acquired Shreveport, La.-based Avant Properties, strengthening Stirling’s presence in the Gulf South.

Avant Properties’ current personnel and portfolio will be integrated into Stirling Properties operations. 

Madison, Miss. -- Chattanooga, Tenn.-based CBL & Associates Properties announced that Michaels would join the second phase of The Forum at Grandview, a community center in Madison, Miss.

Construction for the 83,000-sq.-ft. second phase is currently underway. In addition to Michaels, anchors will include Ulta, Homegoods, and Petco as well as 14,000 sq. ft. of specialty stores. The opening of phase II is scheduled for summer 2012.

McLean, Va. -- One Loudoun Holdings, a joint venture of Miller and Smith and North America Sekisui House, and its retail development partner, Potomac Development Group, announced that Alamo Drafthouse Cinema will open a new location at One Loudoun in Loudoun County, Va.

The 34,000-sq.-ft. Alamo Drafthouse Cinema will be the first in the
Washington, D.C., market area. Construction will commence in spring 2012 with a projected opening in spring 2013.

New York City -- Apple stores around the world are pulling in an annual average of $4,709 sales per square foot, CNN Money reported.

While a handful of super-high-end luxury retailers with limited floor space in New York City and foreign capitols may do better, Apple’s numbers make it by far the most valuable chain in the United States. Apple’s closest chain competitor is Tiffany & Co., which garners an average of $2,974 per square foot, according to the report.


 

Oak Brook, Ill. -- McDonald’s Corp. reported Tuesday that consolidated revenues for fiscal 2011 rose 12% to a record-high $27 billion. The restaurant chain also said that global same-store sales increased 5.6% for the year ended Dec. 31, with positive comps across all geographic segments for every quarter.

"During 2011, McDonald's continued momentum drove higher profitability and market share gains as we fortified our leadership position around the world," said McDonald's CEO Jim Skinner.

Dallas -- Tuesday Morning Corp. reported Monday that net income for the quarter ended Dec. 31 fell 8% to $15.9 million.

Revenue for the quarter dipped 2.2% to $273.1 million.

Investors were prepared for the news because the company previously reported the lower revenue figures earlier this month.