Development/Redevelopment

Monroeville, Pa. -- Chattanooga, Tenn.-based CBL & Associates Properties announced that, on the heels of the grand opening of a 110,000-sq.-ft. J.C. Penney store, construction has commenced on a state-of-the-art 12-screen Cinemark Theatre.  Both are part of CBL’s redevelopment of Monroeville Mall, located near Pittsburgh in Monroeville, Pa.

The grand opening for Cinemark Theatre is anticipated for late 2013.

Beachwood, Ohio -- DDR Corp. announced Monday the acquisition of $328 million of prime assets and the disposition of $12 million of non-prime assets during the quarter.

Year to date, the company closed $2 billion of acquisitions, including the joint venture with Blackstone's flagship real estate fund, and disposed of $137 million of non-prime assets.

As of the third quarter, DDR said it has raised gross common equity capital of $435 million through the issuance of 31.7 million new common shares to fund investments and lower leverage.

Willow Grove, Pa. -- Philadelphia-based Pennsylvania Real Estate Investment Trust said Monday that Soma Intimates recently opened at Willow Grove Park, in Willow Grove, Pa.

The 2,369-sq.-ft. store will be joined by a newly formatted J.C. Penney opening this fall and featuring the retailer’s Shops format, along with the opening of accessory boutique Laila Rowe.

Willow Grove Park is a three-level, 1.2 million-sq.-ft. regional shopping mall anchored by Bloomingdale’s, Macy’s, Sears and Nordstrom Rack.

Rome, Ga. -- Augusta, Ga.-based Hull Storey Gibson Companies announced its acquisition of Mount Berry Square Mall in Rome, Ga.

The 476,778-sq.-ft. mall is anchored by Belk, J.C. Penney and Sears.

Rochester, N.H. -- Boston-based The Wilder Cos. said that Buffalo Wild Wings opened on Sept. 30 at Rochester Crossing, in Rochester, N.H., and will be joined by a 12,157-sq.-ft. PetSmart store in spring 2013.

Wilder Cos. is the owner and manager of the 304,500-sq.-ft. Rochester Crossing, which features Kohl’s, Lowe’s, Jo-Ann Fabric and Craft, Famous Footwear, GameStop and Tropical Smoothie.

Dallas -- SRS Real Estate Partners said it represented Brentwood Specialty Center, LLC in the sale of The Streets of Brentwood to a partnership between New York City-based DRA Advisors and RED Development out of Kansas City.

Chalfont, Pa. -- Brixmor Property Group announced a 2,400-sq.-ft. Cheeburger Cheeburger recently opened at New Britain Village Square, located in Chalfont, Pa.

Brixmor, which is based in New York City, is the owner of the New Britain Village Square shopping center.
 

Bronx, N.Y. -- Simone Development Cos. announced that LA Fitness will open a 43,000-sq.-ft. facility at Metro Center Atrium, a new 370,000-sq.-ft. mixed-use project in the Pelham Bay section of the Bronx in New York.

The office, retail and hotel complex is the latest phase in Simone Development’s 42-acre, multi-building Hutchinson Metro Center campus.

LA Fitness’s new gym is slated to open November 2013, and will join a newly announced Residence Inn-branded hotel at Metro Center Atrium.

Washington, D.C. -- Douglas Development announced that Lime Fresh Mexican Grill will open a 2,000-sq.-ft. restaurant in the Douglas Development-owned property at 726 7th Street in Penn Quarter.

The space is currently occupied by Potbelly Sandwich Works and is scheduled to open as Lime Fresh Mexican Grill in mid-2013.
 

Conshohocken, Pa. -- Ikea announced it is submitting plans to the city of Merriam, Kansas, for a Kansas City-area store that would increase the Swedish retailer’s presence in the Midwestern United States.