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Development/Redevelopment

  • McAlister’s Deli franchises 30 new restaurants

    Alpharetta, Ga. — McAlister’s Deli, a fast casual restaurant, has announced its largest franchise deal so far. The Saxton Group has signed an agreement to develop 30 new restaurants in three states over the next six years in Texas, Oklahoma, Kansas, and Missouri. The primary focus will be in the Dallas-Fort Worth and Kansas City markets.

    Three locations included in the agreement have already opened in Midwest City, Okla., Dallas and Sherman, Texas.

    McAlister’s has more than 320 restaurants in 23 states.

     

  • Starbucks expands Latin America footprint, to open in Columbia

    Seattle -- Starbucks Coffee Company will enter the country of Columbia, opening a store in the first half of 2014 in Bogota. It will be operated through a joint venture between the company's Latin American franchisee, Alsea, and the food company Grupo Nutresa.

    Starbucks said it has "aggressive plans" to open locations in Bogota and other major cities throughout Colombia over the next five years.

     

  • Jones Lang LaSalle acquires Means Knaus Partners

    Chicago -- Jones Lang LaSalle announced Monday it has acquired Means Knaus Partners, a Houston-based property management company as part of the firm's expansion in third-party property management.

    The deal boosts Jones Lang LaSalle's portfolio of office space under management by 16 million sq. ft. of space with properties located primarily in Dallas, Chicago, Denver, Houston, Los Angeles, Orlando, Fla., and Tampa, Fla.

  • Publix announces North Carolina store openings as it scouts for more locations

    Lakeland, Fla. -- Publix Super Markets on Friday announced it will enter the Winston-Salem market and add a third location in Mecklenburg

    The Winston-Salem store will measure 49,000 sq. ft. and is slated to open in 2015. The Cornelius store, located in Mecklenburg County, will also encompass 49,000 sq. ft. and will feature a drive-thru pharmacy. Opening is planned for late 2014.

    Publix continues to aggressively look for additional locations throughout the state of North Carolina, the grocer said.

     

  • Walmart Canada opens first of nine Maritime supercenters

    Saint John, New Brunswick -- Walmart Canada grand-opened a 129,000-sq.-ft. superstore in Saint John, New Brunswick, on Friday, the first of nine “Maritime Supercenters” planned for the country by Jan. 31, 2014, said the retailer.

    The newly redeveloped store, which signals the launch of Walmart Canada’s Maritime sourcing program for produce, features a fresh grocery section that will serve as a prototype for all Maritime supercenters.

  • JLL opens Honolulu office

    New York -- Jones Lang LaSalle has opened an office in Honolulu’s retail district.

    “Robust real estate fundamentals across all asset classes makes Hawaii a top locale for investors, developers and retailers,” said Kirk Horiuchi, senior VP and Hawaii retail market lead.

    Hawaii’s unemployment rate has dropped to 5% and is projected to fall further by year-end and boost consumer spending and the retail economy.

     

  • Simon opens St. Louis Premium Outlets

    Chesterfield, Mo. — Simon Property Group has announced the opening of Phase I of St. Louis Premium Outlets in Chesterfield, Mo., a suburb of St. Louis.

    The 350,000-sq.-ft. Phase I features 90 outlets and is 100% leased. Designer and name branded outlet shops include Armani, Kate Spade New York, Michael Kors, Nike, Saks Fifth Avenue Off 5th and Under Armour.

    The center is a joint venture between Simon Property Group and Woodmont Outlets, an affiliate of The Woodmont Company, a retail shopping center developer and operator.

  • Times Square Mall welcomes Hobby Lobby

    Mount Vernon, Ill. — Hobby Lobby has signed a lease for 52,729 sq. ft. at Times Square Mall in Mount Vernon, Ill., and plans to open in the first quarter of next year, according to Pine Tree Commercial Realty LLC.

    Pine Tree owns the 269,328-sq.-ft. center, anchored in partnership with The Sansone Group and Wanxiang America Real Estate Group.

     

  • Ohio Valley Mall announces three new tenants

    Youngstown, Ohio — Ohio Valley Mall in St. Clairsville, Ohio, has leased space to three new retailers: Panda, Boscov’s and The Children’s Place.

    Panda will arrive in November with its Asian fusion menu, taking 1,500 sq. ft. Boscov’s department store will open its doors in October. So will The Children’s Place, which has leased 4,000 sq. ft.

    The recently renovated Ohio Valley Mall is owned and managed in association with Cafaro affiliated companies.

     

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