Development/Redevelopment

Louisville, Ky. — The Mansour Group has announced the sale of Pet Smart and TJ Maxx, a 49,410-sq.-ft. retail box on an outparcel located in a 218,000-sq.-ft. shopping center owned by Weingarten. The seller was a national real estate advisory group and the buyer was a private investor.

 The offering is part of a large portfolio of similar former Service Merchandise assets — all exclusively listed by The Mansour Group.

St. Louis -- Build-A-Bear Workshop shrunk its net loss in the third quarter of fiscal 2013 to $1.4 million from $4.3 million in the same quarter a year earlier. The company announced that it expects to close an additional 10 to 25 stores in fiscal 2013 and 2014 and, along with opportunistic store openings, expects to reach a store count of approximately 250 stores in North America.

Consolidated net retail sales were $83.6 million while operating 31 fewer stores compared to $84.3 million in the fiscal 2012 third quarter, a decrease of 0.9%.

Queens, N.Y. — The Fresh Meadows neighborhood in Queens is getting an Unleashed by Petco store. The new store will begin its grand opening celebrations Saturday, Nov. 9 and continue the celebrations over two more weekends.

The Fresh Meadows Unleashed buy Petco will host several community gatherings throughout the year. There will be adoption events aiming to unite the area’s shelter pets with forever homes, Pug-a-Palooza, local dog meet-ups, contests and social gatherings.

Sidney, Neb. – Cabela’s said that strong performance from its next-generation store format helped drive its third quarter net income up 16.6%, to $49.9 million compared to $42.8 million in the year ago quarter. The company also announced plans for three new stores.

Revenue grew about 15%, from $741.2 million to $850.8 million. Same-store sales grew 3.9%.

San Antonio, Texas — Transwestern’s San Antonio office today announced that it has completed the sale of Rosenberg Center in Rosenberg, Texas, a suburb of Houston. Built in 1986, the 113,430-sq.-ft. neighborhood retail center serves a commercial corridor between Rosenberg and Richmond, Texas. A private investor bought the property for an undisclosed amount from Rosenberg Station LLC.

Tractor Supply Company plans to open a store in Wyoming — its first-ever location in the state as it continues to expand into the Western region of the country.

Sidney, Neb. -- Cabela’s Inc. announced  plans to enter three new markets – Nanaimo, British Columbia, Canada; Garner, N.C.; and Sun Prairie, Wis.

Construction on Cabela’s 100,000-sq. ft. Garner store – its first North Carolina location – is scheduled to begin next summer. The store is expected to open in spring of 2015.

Canton, Mass. – Dunkin’ Brands Group, the parent company of Dunkin’ Donuts and Baskin Robbins, reported that its third quarter net income grew 36% to $40.2 million.   

Revenue increased 8.5%, from $171.7 million, to $186.3 million.