Development/Redevelopment

Fort Lauderdale, Fla. -- Nicole Messer has joined the retail group of Stiles Realty as senior retail associate. In this role, Messer will focus primarily on developing third-party retail leasing and investment sales business in the Palm Beach, Fort Lauderdale and Miami markets.  

Clifton, N.J. -- Blink Fitness is set to open its newest New Jersey location at Clifton Plaza in Clifton. The fitness chain will occupy 15,000-sq.-ft. of newly constructed retail space at the 80,000-sq.-ft. shopping center, which is managed and leased by Levin Management. Levin Management negotiated the long-term lease.   

Atlanta -– Net income at Havertys dropped 17% to $7.82 million in the third quarter of fiscal 2014 from $9.49 million in the same period the previous fiscal year, with higher selling, general and administrative (SG&A) expenses dampening profits. Havertys plans to open one new store in the fourth quarter of fiscal 2014 and four in new stores in the first half of 2015, three in new markets.   Net sales climbed 3% to $198.5 million from $192.72 million. Same-store sales rose 1.9%.

St. Louis -- Build-A-Bear Workshop is opening a new store location in the Brill Building in Times Square in New York City on Tuesday, Oct. 28. This seasonal pop-up shop offers an assortment of proprietary products, licensed properties and New York City-themed merchandise.   

New York -- Brixmor Property Group Inc. has provided an update on its ongoing program to maximize value in its shopping center portfolio. These initiatives involve upgrading its centers' merchandise mix with strong, best-in-class anchors to drive higher sales, traffic and small shop leasing, while elevating center appeal to improve rent levels and shopping center net operating income.   

Cincinnati -- Macy’s and Bloomingdale’s stores plan to open in Abu Dhabi, United Arab Emirates (UAE) in 2018 as part of a strategic partnership with Al Tayer Group LLC, a UAE-based company with diversified businesses. This will be Macy’s first international store location and the second for Bloomingdale’s.   

Minneapolis –- An increase in selling, general & administrative (SG&A) expenses helped reduce net income at Tile Shop Holdings Inc. to $1.5 million, down 63% from $4.05 million in the same quarter the prior fiscal year. In addition, founder and CEO Robert Rucker will retire as CEO effective Jan. 1, 2015 and be replaced by current COO Chris Homeister, who will join the board of directors early in 2015.  

Brentwood, Tenn. –- Tractor Supply Company has entered the Utah market with the opening of a store in Perry City, Utah. The store officially opened on Saturday, Oct. 25 and holds its grand opening Saturday, Nov. 1. The new store is 21,930-sq.-ft. and employs approximately 15 team members. Tractor Supply Company now operates more than 1,360 stores in 49 states and employs more than 19,000 workers across the country.

Denver -– Legend Retail Group a provider of representation of retail tenants and landlords throughout the Denver metro area, has added a component to the firm’s list of client services: Legend Investment Group.    

Dallas -– Specialty sports retailer Rally House has signed a 10-year lease for a 6,200-sq.-ft. store location at Old Town Shopping Center in Dallas. Westwood Financial Corp. (WFC), a privately held owner-operators of U.S. retail properties, operates the center.