Development/Redevelopment

Chicago -- Jones Lang LaSalle said Monday that, on behalf of Monroe Investment Partners LLC, it has closed the sale of a 13.5-acre parcel on Chicago’s South Side to Walmart, which purchased the shovel-ready pad in the Chatham Market shopping center to build a 155,000-sq.-ft. supercenter.

This will be the first of six new full-scale stores Walmart has announced it plans to build in the City of Chicago.

New York City -- Target expects sales from its upcoming Canadian stores to total more than $6 billion by 2017, the company’s CFO said Tuesday, Dow Jones reported.

Speaking to Wall Street analysts, CFO Douglas Scovanner said Target expects to have more than 200 stores in Canada within the next five to 10 years, with the stores generating about $6 billion Canadian ($6.27 billion in U.S. dollars based on Tuesday’s exchange rate).

MENOMONEE FALLS, Wis. -- Kohl’s Department Stores announced that the company will be recognized as a 2011 Energy Star Partner of the Year for the second consecutive year at the Energy Star Awards ceremony held in Washington, D.C. The Partner of the Year Award is presented by the U.S. Environmental Protection Agency (EPA) and U.S. Department of Energy.

The historic May flood of 2010 in Nashville and Middle Tennessee took 23 lives, displaced thousands of residents and flooded hundreds of businesses, as more than 13 inches of rain was recorded over a two-day period and the Cumberland River reached nearly 12 ft. above flood stage.

Among the business casualties was the Opry Mills, a Simon Property Group outlet retail destination seven miles from downtown Nashville and a short walking distance from the Grand Ole Opry.

New York City -- Robert K. Futterman & Associates said that it has arranged a 1,500-sq.-ft. lease with La Colombe Torrefaction at 400 Lafayette Street, located in NoHo.

Scheduled to open in the summer, this will be the third New York City location for the coffee house.