Real Estate

Mission Viejo, Calif. -- Watt Commercial Properties said it has completed a $6 million renovation of Alicia Towne Plaza in Mission Viejo, Calif.

The 19-month redevelopment project included converting an existing Mervyn’s building for L.A. Fitness and updating the façade treatment for the remainder of the 150,000-sq.-ft. property.

Erie, Pa. -- Youngstown, Ohio-based Cafaro Co. said that Jos. A. Bank Clothiers and Fox Head will be opening at the company’s Millcreek Mall, near Erie, Pa., in early November.

Jos. A. Bank will be located in the Promenade section of the mall. Motocross apparel retailer Fox Head will set up shop on the Macy’s Court.

Millcreek Mall Complex, in Millcreek Township, Pa., comprises more than 2 million sq. ft. of shopping, lodging, dining and entertainment. 
 

Oakbrook Terrace, Ill. -- Marcus & Millichap Real Estate Investment Services said it has promoted Tammy A. Saia to VP investments.

Saia began her career with Marcus & Millichap in September 2003, specializing in the sale of retail properties. Most recently, she held the position of associate VP investments.

 

Dedham, Mass. -- Chestnut Hill, Mass.-based WS Development said that J. Crew has opened at Legacy Place, located in Dedham, Mass.

The 6,000-sq.-ft. J.Crew is located near Sephora, Apple, and Williams-Sonoma and adjacent to Brooks Brothers, Johnston & Murphy and Orvis.

Opened in 2009, Legacy Place is anchored by Whole Foods Market, L.L. Bean, Showcase Cinema de Lux, and Kings.
 

New Albany, Ohio -- Abercrombie & Fitch Co. reported Wednesday that profit for the second-quarter rose 64% to $32 million, up from $19.5 million, on increased demand in the United States and Europe.

Revenue rose 23% to $916.8 million, as previously reported, and same-store sales increased 9%.

New York City -- Nordstrom announced Monday that its new Treasure&Bond concept will open in SoHo on Friday, according to a report by the New York Times. The boutique-style store, which represents a new market entry for Nordstrom, will be a fraction of the size of a typical Nordstrom department store and all profits will be donated to charity. Merchandise is funkier, but is not discount like its Nordstrom Rack sister. 

CHICAGO — The first CityTarget in downtown Chicago won’t open until next summer and already the store is assured of healthy lunch and dinner time traffic thanks to the addition of a Pret A Manger restaurant.

 For those who don’t speak French, Pret A Manger means “ready to eat,” and serves as a reference to the restaurant’s offering of such fresh and preservative free food as sandwiches, soups, salads and coffee. Regulars refer to the restaurant simply as Pret.

Seattle -- Cooking retailer Sur La Table said Monday it will open a flagship store in Hearst Tower, New York City, in late 2011.

The chain’s first NYC space opened in SoHo in 2005 and a second store in the Upper East Side opened in 2010.

The new store will include Sur La Table’s largest kitchen and cooking class program. Customers will be able to take cooking classes, as well as attend events with media partners and renowned chefs from around the world. Cooking classes are currently slated to start in early December.

Mooresville, N.C. -- Lowe’s Cos. reported Monday that profit for the quarter ended July 29 was $830 million, down from $832 million in the year-ago period. The home improvement retailer closed seven underperforming stores on Sunday and trimmed its earnings forecast for the year.

“Despite some recovery in our seasonal business, our performance for the quarter fell short of our expectations," said Robert A. Niblock, CEO.

Net sales edged up 1.3% to $14.5 billion; same-store sales dipped 0.3%.

New York City -- Target announced that the British take-out chain Pret A Manager will open a location in CityTarget in Chicago.

The new, smaller Target format is set to open in the Windy City in 2012.