Development/Redevelopment

North Bergen, N.J. -- Vitamin Shoppe Inc. said Tuesday its fourth-quarter net income rose 3% to $9.7 million, up from $9.4 million in the year-ago period.
   

New Albany, Ohio -- Abercrombie & Fitch Co.’s net income rose to $157.2 million for the fourth quarter, compared with $45.8 million a year earlier for a 13-week period. The chain said its net income was calculated using a new system for valuing inventory
 
Sales rose 11% to $1.47 billion for the 14 weeks ended Feb. 2, led by a 34% rise in international sales. (The period, however, includes an extra week compared to year earlier.)

Bloomfield Hills, Mich. -- Taubman Centers, owner of Twelve Oaks Mall in Novi, Mich., said Friday that The Cheesecake Factory will make a Michigan debut with a new restaurant opening at Twelve Oaks.

The 8,430-sq.-ft. Cheesecake Factory will open in latter 2013, and will feature French limestone floors, decorative columns, hand-painted murals and contemporary lighting.

Twelve Oaks Mall is anchored by Nordstrom, Macy’s, Lord & Taylor, J.C. Penney, Sears and the Lifestyle Café Food Court.
 

New York -- Wal-Mart de Mexico expects to spend up to $1.4 billion on investments in 2013. But the chain declined to discuss how many stores it will open.

The chain did say that it expects to increase total store space by 8% to 9% in Mexico and 6% in Central America this year.

"We think that the number of stores does not communicate much," said CEO Scot Rank in response to a question by an analyst, Reuters reported.

New York -- On the heels of a strong performance in 2012 that included a 7.3% same-store sales increase, Nordstrom Inc. is investing heavily in its future. Two big areas of investment: online and expansion of the Nordstrom Rack outlet division, both in the United States and in Canada.
 
“Rack, direct and Canada will make up approximately half of our sales in the next five years,” Blake Nordstrom, president, Nordstrom Inc., said during the company’s quarterly conference call.  
   

Atlanta -- Cincinnati-based Phillips Edison–ARC Shopping Center REIT has announced the acquisition of Macland Pointe, a 79,699-sq.-ft. shopping center anchored by a Publix grocery store and located in the Greater Atlanta, Georgia Metro Area.  

The acquisition of Macland Pointe brings the company's total portfolio to 34 properties anchored by 13 grocers in 15 states.

Macland Pointe is 92.8% occupied and anchored by a 55,999-sq.-ft. Publix.

Cherry Hill, N.J. -- Conshohocken, Pa.-based Fameco Real Estate announced that Red Robin has signed a lease at the Plaza at Cherry Hill, Cherry Hill, N.J.

The 6,000-sq.-ft. restaurant will join anchors LA Fitness, Raymour & Flanigan, Guitar Center, Sam Ash and Bottom Dollar at the 450,000-sq.-ft. power center.

Watchung, N.J. -- North Plainfield, N.J.-based Levin Management Corp. said that The Children’s Place will join the tenant roster at Blue Star Shopping Center in Watchung, N.J., this spring.

Levin is the property’s managing and leasing agent.

Children’s Place leased 4,307 sq. ft. at the 419,000-sq.-ft. property, and will join other children’s retailers Toys “R” Us, Becker’s School Supplies and GameStop at the center, as well as Kohl's, ShopRite, Michaels and Marshalls, among others.