Development/Redevelopment

Philadelphia — Pennsylvania Real Estate Investment Trust has completed the previously announced sale of South Mall in Allentown, Pennsylvania, for $23.6 million. Net of closing costs, settlement pro-rations and credits, proceeds from the transaction totaled approximately $23.1 million.

In addition, PREIT has entered into an Agreement of Sale to dispose of its two remaining non-core malls — Nittany Mall and North Hanover Mall.

Victor, N.Y. -- Bass Pro Shops announced plans for a new Bass Pro Shops Outdoor World in Victor, New York, which is part of the Rochester metro area. The 145,000-sq.-ft. store will be the primary anchor for Fishers Ridge, a 96-acre mixed-use development. The store has a tentative opening date of 2016.

This will be the company’s third store in New York, as it currently operates stores in Auburn and Utica. This will be the first large-format store in the Empire State.

Bentonville Ark. - Sam’s Club will open a new Kansas City, Missouri store on June 26. Measuring approximately 136,000-sq.-ft., the new store will feature a variety of members-only amenities, including a fresh bakery, a tire and battery center, a café and a fuel station.

To staff the new Kansas City store, Sam’s Club has hired more than 180 new associates.
 

Suburban Atlanta will be home to Keurig Green Mountain’s new manufacturing facility used to produce new cold products resulting from its new partnership with Coca-Cola.

Dublin, Calif. -- dd’s Discounts, a division of Ross Stores, will open its first store in New Jersey, in the town of Ewing, on June 28.

Including this new location, dd’s Discounts will operate approximately 140 locations in 11 states. The company is on schedule to complete its expansion plan to open approximately 20 locations in 2014.

Together, Ross Dress for Less and dd’s Discounts currently operate over 1,300 off-price apparel and home fashion stores in 33 states, the District of Columbia and Guam.

Lancaster, Pa. -- Auntie Anne’s announced the addition of Okey M. Reese to the executive team. Reese, who has been with Auntie Anne’s since 2010, has been promoted to VP, real estate.
 
In this position, Reese will oversee the leasing, specialty retail, and franchise sales departments. His responsibilities will include the strategic oversight of identifying new growth opportunities throughout the United States, strengthening developer partnerships and assisting franchise partners in all aspects of the real estate process.

Washington, D.C. — Regency Centers plans to redevelop Kings Park Shopping Center in the Northern Virginia town of Burke. The work will include a facelift, enhanced common areas and structural expansion.