Development/Redevelopment

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.
 

Retailers’ growth plans in the United States are up 40% over last year’s levels, according to ChainLinks' Retail Advisors Spring 2011 National Retail Report. The report, which details trends impacting retail commercial real estate in more than 40 of the nation’s top markets, credits the surge in expansion to two key factors: the return of optimism within the retail sector; and the desire to expand quickly now -- before retail fundamentals improve enough for rents to start climbing again.

The nation’s capital tops a list of the healthiest retail markets for 2011. The ranking, “ChainLinks/Terranomics Retail Power Rankings for 2011,” is based on the general overall health of a marketplace and includes such factors as overall economic indicators, income growth, ongoing construction, rental rate trends, and the amount of retail demand in the market.

New York City -- Dollar General Corp. reported Tuesday that its fourth quarter profit more than doubled over last year, boosted by increasing sales and traffic. The discounter generated a higher-than-expected profit of $222.5 million for the quarter ended Jan. 28, up from $87.2 million in the year-ago period. The company also gave a full-year forecast that topped analysts’ estimates.

Sales increased 9.4% to $3.49 billion, and same-store sales rose 3.8%.

Orlando, Fla. -- Jones Lang LaSalle said Tuesday it has appointed Carson Good to lead the firm’s retail capital market business throughout Florida.

New York City -- Finnish retailer Marimekko will open a flagship in Manhattan this fall. The company is also expanding its collaboration with Crate & Barrel.

The 4,000-sq.-ft. store will feature Marimekko’s wide-ranging product mix, which includes furnishings fabrics, home goods, apparel and accessories. It will be designed by the Japanese architectural firm IMA.

New York City -- Tiffany & Co. said fourth-quarter earnings rose 29% as net sales jumped 12% to $1.1 billion. The company earned $181.2 million in the quarter compared with $140.4 million in the year-ago period. The latest quarter includes from the pending relocation of Tiffany's New York headquarters staff.

For the full year, worldwide net sales increased 14% to $3.1 billion. Net earnings from continuing operations rose 39% to $368.4 million.