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Tenant Update

  • DLC Management promotes leasing execs

    Tarrytown, N.Y. -- DLC Management Corporation announced the promotions of Adam Greenberg and Heather Moon from associate directors of leasing to directors of leasing for their respective regions.
     
    According to DLC, both Greenberg and Moon have demonstrated strong deal-making skills through the number of deals they have completed in any given year, problem-solving for key spaces/vacancies, and the execution of overall property business plans.

  • Madison Marquette names senior managing director-portfolio management

    Washington, D.C. -- Madison Marquette announced that Brad Muth has joined the company as senior managing director, portfolio management. With more than 25 years of real estate investment experience, Muth will oversee portfolio management and asset management functions for Madison Marquette. He will be based in the San Francisco office.

  • Talbots to open in January at reinvigorated Wayside center

    Burlington, Mass. -- Talbots will open a new store on Jan. 30 at Wayside, in Burlington, Massachusetts, according to Wayside’s management and leasing firm The Wilder Companies.

    The opening of the 9,300-sq.-ft. Talbots, which features all three of the brand’s concepts -- Talbots, Talbots Petites, and the first Talbot Woman in the market -- is part of a multi-phase revitalization that is nearing completion at the open-air retail center.

  • Bon-Ton CFO to retire

    York, Pa. -- The Bon-Ton Stores announced that Keith E. Plowman, executive VP and CFO plans to retire in August. His departure will be followed by an 18-month consulting stint.

    The retailer will undertake a national search to find a CFO to succeed Plowman.

  • Washington Prime completes acquisition of Glimcher Realty

    Bethesda, Md. -- Washington Prime Group Inc. has completed its previously announced acquisition of Glimcher Realty Trust, created a new company WP Glimcher, based in Columbus, Ohio.

    Mark S. Ordan will serve as executive chairman of the combined company’s board of directors and Michael P. Glimcher will serve as the combined company’s CEO and Vice Chairman, reporting to Ordan.

  • Sembler promotes Beyer to lead development

    St. Petersburg, Fla. -- Josh Beyer, P.E., has been promoted to senior VP of Development at The Sembler Company, overseeing all shopping center development in Florida, the Gulf Coast, and the southeastern U.S.

    Beyer has been with the company for 12 years and, in that time, has been involved with more than 1.5 million sq. ft. of development, including Colony Plaza (The Villages, Florida), Park Street Retail Center (St. Petersburg, Florida) and Cross Creek Village (St. Cloud, Florida).

  • Nordstrom Rack announces two new store locations

    Seattle -- Nordstrom announced plans to open a Nordstrom Rack, at Chapel Hills East in Colorado Springs, Colorado, and one at Destiny USA mall in Syracuse, New York.

    The 33,357-sq.-ft. Destiny Mall location is scheduled to open in fall 2015. The retailer recently announced new Rack stores opening in Buffalo and Albany, also in fall 2015.

    The 31,203-sq.-ft. Chapel Hills East Nordstrom is scheduled to open in spring 2016. The property is owned and managed by DDR Corp.

  • Body Central going out of business, to close all remaining stores

    New York -- Embattled apparel retailer Body Central has gone out of business and closed its entire remaining store base, effective Sunday evening, according to attorney for the company Gardner Davis.

    Based in Jacksonville, Florida, the 265-store Body Central Corp. had said earlier this week that it was "experiencing significant liquidity challenges" and was working with advisers to evaluate its options. With the closure announcement, about 2,500 employees lost their jobs.

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