Development/Redevelopment

Grapevine, Texas -- GameStop Corp. reported Thursday that net earnings for the quarter ended Jan. 29 rose 10.1% to $237.8 million, compared with $215.9 million in the year-ago period.

Total sales increased 4.8% to $3.69 billion, from $3.52 billion. Same-store sales increased 2.6%.

For the year, total sales increased 4.3% to an all-time high of $9.47 billion, in comparison to $9.08 billion in fiscal 2009. Same-store sales increased 1.1%. Net earnings increased 8.1% to a record $408 million.

Toronto -- Canadian golf retailer Golf Town said Thursday it has opened its first five stores in the United States, all located in the greater Boston area.

The $25 million U.S. market expansion includes stores in Avon, Bellingham, Reading, Seekonk and Watertown, Mass., all of which opened on March 24 and total about 100,000 sq. ft. A sixth store is slated to open in Northborough, Mass. in the fall.

Boston -- The Wilder Cos. announced several new hires, including Howard A. West II, who joins the company as asset manager to assist in monitoring various properties’ financial and operating performance, act as a liaison to ownership groups on management and reporting issues, provide assistance on property acquisitions, and oversee daily operations for various shopping centers throughout the portfolio. 

Greenwood Springs, Ind. -- Jacksonville, Fla.-based Regency Centers said it has leased retail space in Greenwood Springs, Ind., to two new tenants at Greenwood Springs shopping center.

Cannoli Queen has leased 1,400 sq. ft. of restaurant space and Superior Discount Liquors has leased 2,800 sq. ft. of retail space. The businesses are slated to open in the spring.

The 292,827-sq.-ft. shopping center is anchored by Walmart and Gander Mountain alongside national retailers such as Sport Clips and Buffalo Wild Wings.

Tilden, Pa. -- Metro Commercial Real Estate announced Wednesday that Tilden Ridge, a 400,000-sq.-ft. regional shopping center located in Hamburg, Pa., and anchored by a Wal-Mart Supercenter and Lowe’s Home Improvement, had its grand opening on March 15.

The shopping center, owned by West Conshohocken, Pa.-based Ironwood Property Group, is 98% pre-leased and includes, besides Walmart and Lowe’s, Five Guys Burgers & Fries, Logan’s Roadhouse, GameStop, Pet Supplies Plus, Sleepy’s and Schuylkill Valley Sports.
 

New York City -- Prudential Douglas Eilliman’s Retail Group announced that in less than two weeks after arranging the sale of a multi-level retail condominium at 1086 Madison Avenue, the retail sales and leasing team of Faith Hope Consolo, chairman, and Joseph Aquino, executive VP, have leased the boutique space to luxury handbag and accessories importer Muska Milano. 

Cherry Hill, N.J. -- Philadelphia-based Pennsylvania Real Estate Investment Trust said that its Cherry Hill Mall property, located in Cherry Hill, N.J., will welcome three new retailers this spring and summer.

Lids Locker Room opened in March, and two shoe retailers, Traffic and Clarks, are slated to open this summer.

New York City -- Sporting goods retailer Scheels will open a 220,000-sq.-ft. store in Sandy, Ohio. The store, which will be located at a new development to be called One Fourteen, will feature a 65-ft.-tall Ferris wheel, a 16,000-gallon salt-water aquarium, and “sports simulators” for golf, soccer, hockey, baseball, football and basketball.

Scheels operates 23 stores in eight states. The new Ohio location is expected to open in the fall of 2012.