Tenant Update

Dallas -- SRS Real Estate Partners announced the promotions of two team members. Tom Power and Todd Wallace both have been promoted to executive VP.

Power has more than 13 years at SRS and is a managing partner for SRS Real Estate Partners – Northwest, LLC. He also serves as market leader for SRS' Northern California markets: San Francisco, San Jose and East Bay.

Tarrytown, N.Y. -- DLC Management Corp., which owns Stone Mountain Square in Stone Mountain, Ga., said Friday that Big Lots has opened a 26,355-sq.-ft. store at the shopping center.

Big Lots co-anchors the center with Ross Dress for Less, T.J. Maxx, Marshalls, Dot’s and Anna’s Linens.
 

Merrimack, N.H. -- Indianapolis-based Simon Property Group said Thursday that it has opened Merrimack Premium Outlets, an upscale outlet shopping center serving the Greater Boston and Nashua markets.

Houston -- The Men’s Wearhouse reported Wednesday that net income for the first quarter dipped 2% to $26.9 million, dragged down by negative same-store sales at its K&G off-price unit. Its results missed expectations.

Revenue rose 1% to $586.6 million, missing Wall Street’s forecasted $593.7 million in revenue.

Minneapolis -- Christopher & Banks Corp. reported Tuesday a loss of $13.4 million, compared with a loss of $8.2 million in the year-ago period.

Net sales dropped to $93.6 million, from $110.4 million in the comparable period last year. Same-store sales decreased 15%.

“Our financial results reflect continued customer resistance to the residual merchandise assortment that consisted of styles that were too updated and priced too high while lacking in key categories,” said Joel Waller, president and CEO.

Naples, Fla. -- Tampa, Fla.-based RMC Property Group said that Naples Towne Centre property, located in Naples, Fla., has just completed a major renovation project, which included a complete restoration of the façade, and a makeover of the landscaping, parking lot and exterior lighting. The owner, Buckingham Properties, utilized the design services of local architect, Don Stevenson Design.

Chicago -- RKF announced that Steve Schwartz and Lara Keene have joined the firm’s Chicago office as directors.

Schwartz and Keene, formerly of Baum Realty Group, mark the latest additions to the RKF Chicago office, which opened this past April as part of the firm’s ongoing expansion into key urban markets nationwide.
 
 

Raleigh, N.C. -- Jacksonville, Fla.-based Regency Centers said that The Organic Bedroom will open a 1,300-sq.-ft. store at Sutton Square, in Raleigh, N.C.

Specializing in mattresses made of organic and natural materials, the store is slated to open for business in June 2012.

The 101,025-sq.-ft. shopping center is anchored by a 24,167-sq.-ft. Fresh Market alongside national retailers such as Pet Supermarket, Rite Aid and Performance Bicycle.
 

New York -- M.A.C. Cosmetics will open a flagship on a prime stretch of New York City’s Fifth Avenue, according to various reports.

The company will open up shop in November, on Fifth Avenue near 54th Street, in a space that formerly housed Elizabeth Arden's Red Door Spa, according to Racked.com.
 

Kansas City -- The area’s first White House Black | Market Outlet boutique opened on May 24 at Legends Outlets Kansas City.

The concept features not only collections designed specifically for the outlet boutique, but also an assortment from its full-price boutiques as well.

The White House Black Market Outlet boutique will occupy 2,955 sq. ft. next to Saks Fifth Avenue Off 5th.