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Development/Redevelopment

  • Report: Fast Retailing plans major U.S. push

    New York - Fast Retailing, Asia’s biggest clothing chain and the parent of Uniqlo, is lookjing to open at least 200 Uniqlo stores in the United States  by 2020 as it seeks to raise sales sixfold in a decade, according to a Bloomberg report. 

    "The United States is one of the most important markets for us,” Shin Odake, CEO of Uniqlo’s U.S. unit, said in an interview with Bloomberg Television. 

  • Macy’s to build new fulfillment center to support online growth

    Cincinnati - Macy’s announced it plans to build a major new fulfillment center near Martinsburg in Berkeley County, W.V., to support the continued growth of its online business. The site is located about 80 miles northwest of Washington, D.C. 

    Construction on the 1.3 million-square-foot facility is expected to begin in spring 2011, with operations beginning in April 2012 and order shipments beginning in summer 2012. 

  • Wal-Mart to close Moscow office

    Bentonville, Ark. - Wal-Mart Stores Inc. is closing its Moscow office but said it is still interested in the Russian market.

    The retailer said Monday that it has been looking to enter the Russian market through an acquisition, but has not found a near-term opportunity so it does not need the Moscow office at this time.

  • TJX shutters A.J. Wright division

    FRAMINGHAM, Mass. - TJX Companies announced that it will consolidate its A.J. Wright division by converting 91 A.J. Wright stores into T.J. Maxx, Marshalls or HomeGoods stores and by closing the remaining 71 stores, A.J. Wright’s two distribution centers and its home office. This action is expected to improve the overall profitability of the company, and will allow TJX to focus its managerial and financial resources on its larger, more profitable businesses, all of which have major growth potential, as well as to serve the A.J.

  • Children’s Place taps Rhys Commercial for Connecticut expansion

    Stamford, Conn. -- Rhys Commercial announced that The Children’s Place has retained it to handle the retailer’s expansion across Connecticut.

    According to RHYS, which is actively seeking out locations in densely populated and well-trafficked markets throughout the state, The Children’s Place generally requires between 4,000 and 4,500 sq. ft. of space. The retailer is looking to open new stores in potential infill markets.

  • Marshalls opens at Springdale Mall

    Mobile, Ala. -- Centro Properties Group announced that Marshalls has opened a 26,000-sq.-ft. store at Springdale Mall, located in Mobile, Ala.

    New York City-based Centro Properties Group is the owner of Springdale Mall.

  • Elite Game Speed opens in South Tampa

    Tampa, Fla. -- Tampa, Fla.-based RMC Property Management Group announced that athlete training facility Elite Game Speed has opened a 9,000-sq.-ft. facility in South Tampa, Fla.

    The space was previously occupied by Creative Loafing, and its new use as a state-of-the-art training facility for amateur and professional athletes by Elite Game Speed will serve as the largest indoor training facility of its kind in Tampa. The facility opened on Nov. 30.

  • Charter Realty named retail leasing broker for Storrs Center

    Mansfield, Conn. -- LeylandAlliance, master developer for Storrs Center, announced that Charter Realty & Development Corp. has been named the exclusive retail leasing broker for Storrs Center.

    Storrs Center is a $220 million, mixed-use town center and Main Street project located in Storrs, Conn. The public-private partnership is being developed in cooperation with LeylandAlliance, the Mansfield Downtown Partnership, and Education Realty Trust.

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