Real Estate

Sunbury, Pa. -- Weis Markets announced it would invest $135 million in its 2013 capital expenditure program, an 8% increase compared to the year prior.
   
“To position our company for continued growth, we have made record investments in our store base,” and vice chairman Jonathan H. Weis, at the company’s annual shareholder meeting. “Look for more of the same in 2013 when we increase our Cap Ex investment to $135 million – an 8% increase compared to 2012 – and a 33% increase compared to 2011.”

Sidney, Neb. -- Cabela’s Inc. announced plans to open two new locations, with one in Tualatin, Ore., and the other in the north Edmonton, Alberta, Canada, area.
 
Construction is scheduled to begin this summer on the Canadian outpost, with a spring 2014 opening planned. The 50,000-sq.-ft. store will be located in the Manning Town Centre in north Edmonto.
 

Indianapolis -- Jones Lang LaSalle said that Rebecca Wells has been named EVP in the company’s Indianapolis office, part of its Capital Markets arm.

In her new role, Wells will work closely with Midwest Capital Markets leader and International Director John Huguenard to expand the firm’s platform of services, focusing on retail and office dispositions in the Midwest.

Wells joins Jones Lang LaSalle from national commercial real estate firm Cassidy Turley, where she served as SVP Institutional Sales Group.

Matthews, N.C. -- Discount retailer Family Dollar is utilizing TAS Unity, a browser-based enterprise market knowledge  system designed to aid retail real estate management from Trade AreaSystems.
 

New York -- Another Ron Johnson-appointee and former Apple executive has left J.C. Penney. Ben Fay, who was brought as EVP real estate, store design and development, has left the company, according to the Dallas Morning News. Returning to Penney in an advisory capacity is the chain's former SVP of property development, Tom Clerkin, who took early retirement from the company last year, the report said.

MATTHEWS, N.C. — Family Dollar is utilizing TAS Unity, a browser-based enterprise market knowledge system designed to aid retail real estate management from Trade Area Systems.

When Swann’s opened its 51,000-sq.-ft. freestanding flagship store in Tyler, Texas, it unveiled a new design that takes the 117-year-old furniture retailer and home design consultant to an even higher-end level.

Stamford, Conn.-based Martin Roberts Design completed the $4.4-million Swann’s store, with the objective of elevating both the retailer and its surroundings.

New York -- Supervalu Inc., which recently divested 877 supermarkets in a $3.3 billion transaction, reported Wednesday a loss of $179 million in the fourth quarter, widened from $42 million in the year-ago period.