Development/Redevelopment

Atlanta — Flip Flop Shops has announced plans to develop 25 shops throughout South Africa, Zimbabwe and Mauritius. The new shops stem from a master franchise agreement with Barefoot, regional retail group. The first new shop is expected to open by mid-year, with additional shops following over the next 10 years.

Flip Flop Shops has nearly 100 locations globally plus more than 150 shops in the development pipeline, not including those within this new franchise agreement.

 

New York -- For the second consecutive year, Chain Store Age will select 10 individuals in retail real estate as “retail stars;” all will be featured in the April/May 2014 issue with bonus distribution to the International Council of Shopping Centers’ RECon show in Las Vegas in May.

The award recognizes people under the age of 40 who are making an impact in retail real estate – whether from the tenant (retail) or the landlord (shopping center company) side.

Chicago — Jones Lang LaSalle has announced the appointment of Josh Burmeister as executive VP and Gulf Coast retail brokerage lead and Ms. Buff Teague as VP. They will cover Alabama, Mississippi, Louisiana and the Florida Panhandle, partnering with John Bemis, Southeast retail market lead and John Lambert, Fla., retail market lead.

Burmeister and Teague join JLL from SRS Real Estate Partners.

While at SRS, Burmeister served as market leader for operations in Mobile, Ala., and co-market leader for Birmingham Ala., operations.

Virginia Beach, Va. — Divaris Real Estate has named Read F. Goode, Jr. to the post of managing broker of its Richmond, Va., office. Goode will focus on commercial sales and leasing services, land and shopping center acquisition and development.

Goode has more than two decades of brokerage and commercial development experience throughout central Virginia. He joins Divaris from S.L. Nusbaum Realty Co. where he specialized in commercial land development and sales.

San Bernardino, Calif. -- Stater Bros. Markets has appointed Michael Reed to the position of senior director real estate.

Reed has over 13 years of retail real estate experience and has held various leadership positions with other retailers. He most recently served as real estate store development manager for Starbucks and was responsible for growing the company’s Mid-West and Western Mountain Regions.  

Stater Bros. has named Michael Reed as the company’s senior director of real estate.

"We have great confidence that Michael will do an outstanding job of leading our real estate division," said chairman and CEO Jack H. Brown. "His management and real estate expertise will help Stater Bros. meet our present and future real estate needs."

Virginia Beach, Va. — Lowe’s Home Center has sold a 13.5-acre property to a private developer based in Virginia Beach for $9 million. Divaris Real Estate represented the seller, Lowe’s, in the transaction. Located one mile north of The Town Center of Virginia Beach, was once a neighborhood grocery-anchored shopping center. Lowe’s Home Center purchased the property in 2007, clearing and preparing it for future development. The new buyer plans to build another shopping center or mixed-use development on the site.

Indianapolis — Simon Property Group has received zoning approval from the Montgomery County Council in Maryland by unanimous vote for the development of Clarksburg Premium Outlets at Cabin Branch.

Simon Property Group, New England Development and Streetscape Partners make up the development team for the project, which will add 1,500 jobs and more than $150 million in private investment to the local economy. The development team is planning to open Clarksburg Premium Outlets by late 2015.