Development/Redevelopment

CHATTANOOGA, Tenn. -- CBL & Associates Properties announced that construction has started  on The Crossings at Marshalls Creek, a 103,000-sq.-ft. shopping center development in Stroudsburg (Middle Smithfield), Pa.

The shopping center will be anchored by Price Chopper grocery, Rite Aid, STS Tire and Auto Centers and Family Dollar and will feature approximately 22,000 sq. ft. of stores and restaurants. The grand opening is scheduled for June 2013.
 

Matthews, N.C. -- Harris Teeter plans to expand its presence in existing markets, the company said in its third-quarter earnings release.

MATTHEWS, N.C. — Harris Teeter plans to expand its presence in existing markets, the company said in its third-quarter earnings release.

South Jersey’s first Henri Bendel has opened at Cherry Hill Mall, located in Cherry Hill, N.J.

The PREIT-owned property now features a 2,300-sq.-ft. Henry Bendel designer fashion boutique, joining Nordstrom, True Religion, Hugo Boss, Michael Kors, Guess by Marciano, and more.

“As South Jersey’s fashion destination, Cherry Hill Mall continues to welcome venerable style icons to the property,” said Lisa Wolstromer, Cherry Hill Mall senior marketing director.

St. Charles, Mo. -- Peoria, Ill.-based Cullinan Properties said that Five Guys Burgers and Fries has opened has opened at the Streets of St. Charles, located in St. Charles (St. Louis), Mo. – the burger brand’s first in the county.

Cherry Hill, N.J. -- Philadelphia-based Pennsylvania Real Estate Investment Trust said that Henri Bendel has opened a 2,300-sq.-ft. store at Cherry Hill Mall, in Cherry Hill, N.J.

Cherry Hill Mall is anchored by Nordstrom, Macy’s and J.C. Penney. Grand Lux Café recently opened its upscale restaurant concept at the mall, and Essensuals London, Pottery Barn and The North Face are all slated to open this year.
 

Naperville, Ill. -- Office Max Inc. reported Thursday net income of $10.7 million for the second quarter, besting Wall Street predictions and representing a strong turnaround from last year’s $3 million loss stemming from store closures and severance expenses.

Revenue for the quarter slipped 2.7% to $1.6 billion, missing analysts’ forecasted $1.64 billion in revenue. The office supply retailer said it will reinstate its quarterly common stock dividend, which it suspended more than three years ago.

Barnegat, N.J. -- North Plainfield, N.J.-based Levin Management Corp. said that Big Lots is slated to open a new anchor store at Bayshore Plaza in Barnegat, N.J., in August.

The 31,612-sq.-ft. store will fill a space formerly occupied by A&P.

Additional tenants include McDonald’s, AT&T Wireless, Barnegat Pharmacy, and a mix of local restaurants and services.

Levin serves as leasing and managing agent for Bayshore Plaza.