Development/Redevelopment

New York City -- Saks Fifth Avenue Off 5th announced that it plans to open a store at the Tuscany Place Designer Outlets, a new, upscale pedestrian-friendly lifestyle outlet development in Madison, Miss.

The center and the Saks Fifth Avenue Off 5th store are expected to open in the spring of 2012.

"We look forward to opening our first Saks Fifth Avenue Off 5th store in Mississippi where the temperate climate allows for year round shopping," noted Robert Wallstrom, president of Saks Fifth Avenue Off 5th.

New York City -- Home furnishings retailer City Furniture has opened its first store built to LEED (Leadership in Energy and Environmental Design) standards. The 93,680-sq.-ft. location, in Boca Raton, Fla., houses a City Furniture and Ashley Furniture HomeStore under one roof.

MINNEAPOLIS -- Target announced that Tony Fisher has been named president of Target Canada.  In this position, Fisher will be responsible for building the team, establishing the headquarters and leading the day-to-day operations of the corporation's recently announced expansion into Canada, the company reported.

Somerdale, N.J. -- Purchase, N.Y.-based National Realty & Development Corp. said that GameStop, Great Clips and Go Wireless have opened at the newly renovated CooperTowne Center.

Reopened in October 2010, CooperTowne Center is a 385,000-sq.-ft. Greyfields Redevelopment that revitalized the former Lions Head Plaza in Somerdale, N.J. The shopping center is anchored by Walmart Supercenter, a Cinemark 16-screen theater, and a LA Fitness.

Chicago -- Urban Retail Properties LLC said Tuesday it has appointed Samuel J. Greenblatt as principal, finance/capital markets. Greenblatt’s primary role will be to raise capital and foster financial relationship opportunities for the company.

Prior to his role with Urban, Greenblatt was executive VP and director of originations of RAIT Financial Trust, a NYSE traded mortgage real estate investment trust.

Dallas -- Marcus & Millichap Real Estate Investment Services said it has named Jason S. Vitorino senior director of the firm’s National Retail Group in Dallas.

Vitorino joined Marcus & Millichap’s sales intern program in September 2003. He became an agent in April 2004. During his career, Vitorino has closed more than 200 transactions valued at over $660 million, according to the company.
 

Columbia, S.C. -- Edens & Avant said Tuesday it has promoted Jami Passer to managing director. Prior to joining Edens & Avant in 2006, Passer was a partner and consultant with P3 Partners, a South Florida real estate advisory firm as well as being a managing director in the Real Estate Capital Markets Group of Andersen Corporate Finance LLC.

Port Washington, N.Y. -- Cedar Shopping Centers said Tuesday it has closed on the acquisition of Colonial Commons in Lower Paxton Township, Pa. The property was purchased for approximately $49.1 million from affiliates of Centro Properties Group.

The 487,000-sq.-ft. shopping center covers approximately 37 acres, is 93% leased and is anchored by Giant Food Stores. Other tenants include Dick's Sporting Goods, L.A. Fitness, Ross Dress For Less, Marshalls, JoAnn Fabrics and David's Furniture.