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Real Estate

  • Best Buy to boost five-year bond issue to $500 million

    New York -- Bloomberg reported that Best Buy Co. has increased the size of its first bond offering since 2011 from $350 million to $500 million as it prepares to repay an equal amount of notes due July 15.

    According to the report, who cited an unidentified source, the five-year securities may yield 5%; proceeds may be used to refinance debt, fund working capital or repurchase stock.

     

  • Shoe Carnival to open 12 stores in 11 cities

    Evansville, Ind. -- Value-priced footwear retailer Shoe Carnival will grand-open 12 stores in 11 different cities in July, bringing its store count to 367 stores in 32 states and Puerto Rico.

    “We are excited to be growing rapidly across the country,” said Todd Beurman, senior VP marketing. New stores will open in: Cedar Rapids, Iowa; Charlotte, N.C.; Chicago; Lansing, Mich.; St. Louis; Greenville, N.C.; Cincinnati; Atlanta; Phoenix; Louisville, Ky.; and Grand Rapids, Mich.
     

     

  • Next-gen Build-A-Bear opens in Easton Town Center

    Columbus, Ohio -- Build-A-Bear Workshop Inc. has relocated to open a next-generation store in Easton Town Center’s new 40,000-sq.-ft. family friendly Fenlon Square, according to Stein + Associates and The Georgetown Company co-developers of Easton Town Center.

  • Destination Maternity flagship to open in Virginia Beach

    Virginia Beach, Va. -- Destination Maternity Corp. has leased 5,033 sq. ft. for a new flagship store in The Town Center of Virginia Beach, according to Divaris Real Estate.

    Motherhood Maternity will close all of its locations in Southside Hampton Roads and move into the new Destination Maternity in September. The new store will carry all of the retailers concepts including Motherhood Maternity and A Pea in the Pod.

  • Uniqlo to branch out in U.S. this fall with 10 stores

    NEW YORK — Japanese apparel retailer Uniqlo, a division of Fast Company, is expanding its U.S. footprint with the opening of 10 stores this fall in New York, New Jersey, Connecticut and California.

    The new locations, all in shopping centers, will bring the brand’s presence in the United States to a total of 17 sites.

  • Sold: Mount Prospect Plaza in suburban Chicago

    Oakbrook Terrace, Ill. -- Mid-America Real Estate Corp.’s investment sales group has brokered the sale of the 301,045-sq.-ft. Mount Prospect Plaza in Mount Prospect, Ill., a northwestern suburb of Chicago.

    Ramco-Gershenson Properties Trust purchased the property for $36.1 million from a pension fund advised by JP Morgan Asset Management Inc.

  • 23rd Massachusetts’ Whole Foods now open

    Weymouth, Mass. -- Whole Foods Market has opened at Pleasant Shops in Weymouth, Mass., according to Federal Realty Investment Trust, one of the center’s joint venture owners.

    The 40,000-sq.-ft. store, Whole Foods’ 23rd location in Massachusetts, will employ 140 full and part time workers.

     

  • Uniqlo revs up U.S. expansion with 10 stores this fall

    New York -- Uniqlo is expanding its U.S. footprint. The Japanese apparel retailer, a division of Fast Company, will open 10 more U.S. stores this fall, in New York, New Jersey, Connecticut, and California.
     
    The new locations, all in shopping centers, will bring the brand’s presence in the United States to a total of 17 sites.

    The 10 new Uniqlo locations include:

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