Development/Redevelopment

Atlanta -- SRS Real Estate Partners said that Scottsdale, Ariz.-based Pei Wei Asian Diner has selected SRS to find its debut location in the state of Georgia.

Pei Wei was launched in July 2000 as a growth vehicle for P.F. Chang’s China Bistro. Currently, Pei Wei operates more than 165 company-owned stores in 20 states.
 

Bentonville, Ark. -- Wal-Mart Stores said Thursday it will open its first four stores in Washington, D.C., as part of the retailer’s effort to increase its urban expansion stride.

Wal-Mart said it plans to open the smaller-format urban stores in Washington, D.C. in late 2012, and said it has met little resistance from the area. The retailer said its poll of 800 locals found nearly three-quarters of Washingtonians favored Wal-Mart coming to the city.

Chesapeake, Va. -- Dollar Tree said Thursday that net income for the quarter ended Oct. 30 rose 37% to $93.2 million, from $68.2 million in the year-ago period.

Consolidated net sales for the third quarter were $1.43 billion, a 14.2% increase from $1.25 billion a year earlier. Same-store sales increased 8.7%.

During the third quarter, Dollar Tree opened 86 stores, expanded or relocated 27 stores, and closed two stores. The company currently operates 4,009 stores in 48 states.

San Francisco -- Continuing its global expansion, Gap announced a franchise agreement to introduce its namesake Gap brand in South America. The first Gap store is expected to open in Santiago, Chile, in the Parque Arauco mall, in September 2011.

Gap has signed a franchise agreement with Komax, for exclusive rights to operate Gap brand stores in Chile. Komax will purchase merchandise from Gap and must adhere to the company’s quality standards.

Washington, D.C. -- The total footprint of commercial projects certified under the U.S. Green Building Council’s LEED (Leadership in Energy and Environmental Design) Green Building Rating System has surpassed 1 billion sq. ft.

Another 6 billion sq. ft. of projects are registered and currently working toward LEED certification worldwide. Since it was first introduced to the marketplace in 2000, more than 36,000 commercial projects have participated in LEED.
 

Seattle -- Nordstrom plans to open a  Nordstrom Rack in Orange, Calif. The 35,000-sq.-ft. store will be located at The Block at Orange and is expected to open in spring 2012.

"We are very excited to move forward with our new store at The Block at Orange," said Geevy Thomas, president of Nordstrom Rack "This is one of the area's top shopping destinations and a terrific opportunity for us to better serve our loyal OC customers."

Columbus, Ind.  -- New York City-based Centro Properties Group announced that Panera Bread has opened a 4,100-sq.-ft. location at Columbus Center, in Columbus, Ind.

Centro Properties Group is the owner of Columbus Center.

Chicago -- U.S. Equities Realty said that Sbarro will open six new quick-service Italian restaurants at the Illinois Tollway Oases.

Sbarro restaurants will open at the Belvidere, Des Plaines, Hinsdale, Lake Forest, Lincoln and O’Hare Oases, and will vary in size from 700 sq. ft. to 1,240 sq. ft., for a total of 6,360 sq. ft.

Carrollwood, Fla. -- RMC Property Management Group announced that Main Street Cinemas has executed a lease to open a family-oriented theater at Main Street Shopping Center, in Carrollwood, Fla.

The new tenant, which is slated to open May 2011, will occupy 20,500 sq ft., feature luxury seating and offer eight screens. It will join Mimi’s, Michael’s Grill, Jenn’s Wine Shop and others at the shopping center.