Tenant Update

dd’s Discounts, a division of Ross Stores, Inc. will open a 20,000-sq.-ft. store at Parkshire Center in Wilcrest, Texas on Feb. 6. The location is 14 miles southwest of downtown Houston, at the intersection of Highway 59 and Wilcrest Drive.

The new store ups dd’s store count in Texas to 37 locations, making it the retailer’s second largest state. With the new opening, the chain will operate 175 locations in 15 states.

San Antonio, Texas -- X Team International, an international alliance of retail real estate advisors with expertise in more than 45 major markets throughout the U.S. and Canada, announced that it has welcomed San Antonio-based REATA Real Estate as its newest partner.

Tarrytown, N.Y. -- DLC Management Corp. announced the promotions of key members including the promotion of Daniel Taub to president. The company recognizes that human capital is its most important asset when it comes to success, developing its people and promoting from within are core business practices.

Highland Village, Texas -- Trademark Property Corp., the operating partner for The Shops at Highland Village located in Highland Village, Texas, announced Torchy’s Tacos has signed a lease for 5,262 sq. ft. at the recently renovated shopping center. In addition, Runway Seven’s flagship store will relocate this spring to a larger space.

Fort Worth, Texas -- Trademark Property Co. announced Phil Pearson has joined the firm as VP of leasing. A 30-year industry veteran, Pearson will help manage multiple leasing projects for Trademark. Pearson will work with potential tenants, development partners and construction representatives to coordinate the entire leasing process. He will create and maintain relationships with national retailers, restaurants, brokers and consultants.

Winter Garden, Fla. -- The Sembler Company has completed construction on the final outparcel at the 1.15 million sq. ft. Winter Garden Village located in Winter Garden, Florida.

Pei Wei Asian Diner and Mattress One will occupy the new 7,200-sq. ft. building, marking complete build-out of the development originally started in 2006.

Phoenix – Vestar announced the addition of Bradley Parks, director of due diligence to its team. Parks will be responsible for overseeing all due diligence activities for Vestar’s shopping center acquisition opportunities.

Over the past three years Vestar has completed over $1 billion in acquisitions throughout the western U.S. and was recently recognized as the 4th largest acquirer of shopping centers in the United States.

The downsizing continues at Sears Holding Corp.

The troubled retailer is closing what it described as a “very small percentage” of its overall number of Kmart and Sears stores across the country.

"Every year we evaluate our store portfolio and make changes based on leases or stores with poor performance," company spokesman Howard Riefs said in a Reuters report.

The exact number of stores to be shuttered has not been disclosed. But Reifs also said Kmart would account for the majority of the closures.