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Development/Redevelopment

  • Q&A with Joseph Coradino, CEO of PREIT

    Joseph Coradino stepped up to the post of CEO at Pennsylvania Real Estate Investment Trust in June of 2012. At the time, he had been with PREIT and a predecessor company for three decades. Since 2004, he had served as president of PREIT Services and PREIT-RUBIN. He had been a Trustee since 2006.

  • Little Caesars Pizza to Tucson’s Northgate Plaza

    Tucson, Ariz. — Little Caesar Enterprises has signed a 1,494-sq.-ft. lease in Northgate Plaza in Tucson, Ariz. Expected to open in the first quarter of 2014, it will be Little Caesars Pizza’s sixteenth store in Tucson.

    Commercial Retail Advisors represented the landlord, TNP SRT Portfolio I, and Retail Advisors Southwest represented Little Caesar Enterprises.

  • Sam’s Club relocates to Raymore from Grandview

    Raymore, Mo. — Sam’s Club has opened its newest club in Raymore, Mo. Relocated from Grandview, the new 136,000-sq.-ft. warehouse club will anchor the Raymore Galleria.

    The new club will feature a Fresh Bakery, Tire and Battery Center, Optical Center, Pharmacy, Hearing Aid Center, Café and Fuel Station.

  • Dunkin’ Donuts plans nine new stores in Reno

    Canton, Mass. – Dunkin’ Donuts has signed a multi-unit store development agreement with new franchise group, HT2 Franchising, LLC, to develop nine new restaurants throughout Reno, Nev. The first restaurant is expected to open in 2015 and the remainder by 2020.

    With this agreement, Dunkin' Donuts franchise opportunities are sold out in Reno, but opportunities exist to grow the brand throughout the West in Colorado and California.

  • Nursery Acres acquires Cabela’s in Grand Junction, Colo.

    Denver — Transwestern’s Denver office has announced that it brokered the acquisition by Nursery Acres L.P. of a 75,330-sq.-ft. Cabela’s retail store in Grand Junction, Colo. Built in 1983, the store sits on a 6.76-acre lot at Mesa Mall.

    Transwestern represented the buyer, Nursery Acres, which purchased the building to complete a 1031 exchange. The company plans to keep the property long-term. Faris Lee represented the seller, Macerich Mesa Mall Holdings LLC.

     

  • Cullinan appoints new property manager

    Peoria, Ill. — Cullinan Properties has appointed Robey R. Taylor as property manager at the Streets of St. Charles in St. Charles, Mo.

    Taylor brings 20 years of experience in property management — both in retail and office — in the St. Louis market to the post.

  • Golf Galaxy opening two interactive locations

    Pittsburgh — Golf Galaxy has announced the opening of two interactive retail locations. The new stores include the second Golf Galaxy in Missouri and the chain’s second location in Nevada.

    A 32,000-sq.-ft. interactive store will open November 1 at the Chesterfield Commons in Chesterfield, Mo.

    A 29,000-sq.-ft. interactive Golf Galaxy will open Nov. 1 in the Stephanie Street Power Center in Henderson, Nev.

    As of Aug. 3, the retailer operated 81 Golf Galaxy stores in 30 states and e-commerce websites.

  • Amazon expands footprint in California

    Amazon.com is finalizing plans to open a new 1.2 million-sq.-ft. fulfillment center in Moreno Valley, Calif., which will create more than 1,000 full-time jobs ahead of the holiday shopping season.

    This will be Amazon’s fourth fulfillment center in the state. The company’s other sites are located in Patterson, San Bernardino and Tracy.

  • RadioShack rolls out new concept stores, goes ‘retro’ in Fort Worth, Texas

    RadioShack is taking its new concept store to Philadelphia, Detroit and Fort Worth, but the specialty retailer is going retro for its hometown location in downtown Fort Worth’s Sundance Square.

    The Philly location can be found in Bakers Square Shopping Center at 2920 Roberts Ave., and the Detroit location in Gateway Marketplace at 1347 W. Eight Mile. And set to open Oct. 30, the Fort Worth location will be the first new concept store to feature a custom design.

  • West Elm to open in Mill Valley, Calif.

    Brooklyn, N.Y. -- Home furnishings retailer West Elm announced that it will open a store in Mill Valley, Calif., on Nov. 7. West Elm is owned by Williams-Sonoma.

    Located in The Strawberry Village shopping center, the 10,000-sq.-ft. store will open with the brand’s diverse mix of furniture, home décor, gifts and artist collaborations. The store will also feature an assortment of local, handcrafted products sourced through Etsy.com that include jewelry, wall art, kitchen linens, coasters and candles.

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