Tenant Update

Dublin, Calif. -- Ross Dress for Less will open a new store in Alton, Illinois, on July 18.  

The 24,000-sq.-ft. store is located in Alton Square Mall, 20 miles north of downtown St. Louis.
 

Dublin, Calif. -- dd’s Discounts, a division of Ross Stores, Inc., opened its newest Arizona store on June 27 – a 22,000-sq.-ft. unit in North Tucson.

The newest store is located in the Oracle Gateway off of North Oracle Road and Pastime Road, 3.7 miles north of downtown Tucson, and it brings the total number of stores in the Tucson area to four.
 

New Rochelle, N.Y. – Welco Realty Inc. has leased 21,500-sq.-ft. of retailer space to Michaels Stores Inc. at The Mill Creek Mall at Harmon Meadow in Secaucus, N.J. Jerry Welkis, a principal of Welco Realty, represented the landlord, Hartz Mountain Industries.
 
The tenant was represented by Jamie Sackeim of The Dartmouth Company.  Other tenants in the center are PetSmart and Marshall’s/Home Goods. Adjacent tenants include Bob’s Furniture, Sports Authority, T.J.Maxx, Toys / Babies R Us, and Kohl’s.
 

New York -- It’s official: Toys “R” Us is moving out of Times Square and Gap is moving in, but not just with one store.

Gap is planning to open two separate flagships, one for its namesake brand the other for Old Navy, in the space now occupied by Toys “R” Us.

“We're pleased to confirm our plans to construct our newest Gap and Old Navy flagship stores in one of one of the world's most well-known locations – Times Square,” the company said.

Dedham, Mass. – The Legacy Place shopping center is opening an Eddie Bauer location on July 2. The Legacy Place store will feature outerwear, apparel, footwear, gear, and accessories for men and women.

“Eddie Bauer not only enhances the overall merchandise mix of the center, it also adds another reason to make Legacy Place your first choice shopping destination” said Beth Winbourne, general manager, Legacy Place.

Midland Park, N.J. – The 22,000-sq.-ft. Godwin Plaza mixed-use center is to undergo a major renovation and repositioning beginning in the second half of this year. The center was purchased in 2014 by Accordia Realty Ventures of Fairfield, New Jersey with the intention of transforming it.

Toronto - Sears Canada Inc. has closed a transaction to sell and leaseback three properties to Concord Pacific Group of Companies. The transaction, originally announced on March 11, 2015, has closed for total proceeds of $140 million.

Simon is expanding the hugely successful Sawgrass Mills outlet and entertainment center in Florida by adding a new, full-price component.