Development/Redevelopment

Dallas -- Cypress Equities Real Estate Investment Management has announced the acquisition of Lloyd Center in Portland, Ore. The enclosed, three-level 1,478,000-sq.-ft. regional shopping center is located near downtown close to the Convention Center, Rose Garden Arena and Memorial Coliseum.

Glenview, Ill. -- Eco Gym will open an 8,300-sq.-ft. solar- and human-powered health club at Glenbrook Market Place in Glenview, Ill., a North Shore suburb of Chicago, according to Mid-America Asset Management Inc., the landlord’s representative.

The fitness center, Eco Gym’s second, will use a combination of human kinetic power and solar power to generate electricity for its equipment. As members use the equipment, they generate more power to the central power grid, which lowers monthly dues.

Menomonee Falls, Wis. -- Kohl’s Department Stores has announced plans to open a new customer service operations center in Dallas.

Expected to open in late spring 2014, the two-building, three-story, 240,000-sq.-ft. facility will support the continued growth of the company’s Kohl’s Charge program, as well as its online business, which reached $1.4 billion in sales last year following three consecutive years of more than 40%  annual growth.

New York -- Gilt, the popular online retailer of  discounted high-end designer apparel and accessories, will open its first-ever brick-and-mortar location, a pop-up store in Shelbyville Road Plaza, Louisville, Ky.    
 
“GLI welcomes the first Gilt.com Designer Outlet to the Louisville business community,” said Greater Louisville Inc. CEO and president Craig J. Richard in a press release issued by the online retailer. “The exciting new concept store is a unique addition to our local retail market.”

Fairfield, Calif. -- A Fuddruckers franchisee has acquired a 14,500-sq.-ft. property on the ring road of Solano Mall in Fairfield, Calif., according to Transwestern, the brokerage that represented the franchisee.

A Chick-fil-A restaurant attached to the property will continue to operate without change.

Kansas City, Kan. -- Stacy Scheelk has signed on as senior director of new business development with RED Legacy. An accredited Certified Marketing Director, Scheelk’s responsibilities include developing partnerships, securing sponsorships, creating specialty retail and increasing ancillary income.

She comes to RED Legacy from CBL & Associates Properties where she most recently served as regional director of brand development.

Calabasas, Calif. -- Broader regional economic growth and improved consumer and retailer finances bode well for retail real estate investments in well-located properties, according to “The Retail Outlook” from Marcus & Millichap Research Services’ second quarter 2013 mid-year outlook for the national retail market and U.S. economy.

Toronto -- Sears Canada Inc. will enter into a series of transactions related to two stores within shopping centers co-owned by Oxford Properties Group and Alberta Investment Management Corporation that give the co-owners the right to require Sears Canada to vacate the properties by March 2014. The transactions, valued at $191 million, affect stores at the Yorkdale Shopping Centre in Toronto and at Square One Shopping Centre in Mississauga.

Seattle -- Outdoor retailer REI announced Thursday it will open two new stores in the spring, one in Flagstaff, Ariz., and the other in Columbus, Ohio.

Redmond, Wash. -- Microsoft Corp. on Thursday announced that it plans to open 500 “Windows Store” shops in 500 Best Buy stores across the country and in more than 100 Best Buy and Future Shop locations in Canada. The roll out will launch in late June, lasting through September.

The in-store shops will sell exclusively Windows-based tablets and computers and other Microsoft products, with support from dedicated staff, in an interactive environment.