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Real Estate

  • Nordstrom bullish on online and outlet business; to double Rack count over next four years

    New York -- On the heels of a strong performance in 2012 that included a 7.3% same-store sales increase, Nordstrom Inc. is investing heavily in its future. Two big areas of investment: online and expansion of the Nordstrom Rack outlet division, both in the United States and in Canada.
     
    “Rack, direct and Canada will make up approximately half of our sales in the next five years,” Blake Nordstrom, president, Nordstrom Inc., said during the company’s quarterly conference call.  
       

  • Children’s Place to open at Blue Star shopping center

    Watchung, N.J. -- North Plainfield, N.J.-based Levin Management Corp. said that The Children’s Place will join the tenant roster at Blue Star Shopping Center in Watchung, N.J., this spring.

    Levin is the property’s managing and leasing agent.

    Children’s Place leased 4,307 sq. ft. at the 419,000-sq.-ft. property, and will join other children’s retailers Toys “R” Us, Becker’s School Supplies and GameStop at the center, as well as Kohl's, ShopRite, Michaels and Marshalls, among others.

     

  • Aeropostale to open two concepts at South Bay Galleria

    South Bay, Calif. -- South Bay Galleria marketing manager Sherilyn Haddon announced that the Los Angeles County mall will add three new stores to its list of retailers, including Aeropostale and P.S. From Aeropostale.

    Tutti Frutti yogurt will also open at the mall.

    The P.S. From Aeropostale store will be directly connected to the new Aeropostale store; both are slated to open in May 2013. Tutti Frutti is expected to open at Center Court in March 2013.
     

  • Which Wich to open at West 7th

    Fort Worth, Texas -- Cypress Equities announced that sandwich chain Which Wich will open at its West 7th mixed-use development in Fort Worth, Texas.

    The 1,394-sq.-ft. shop will be located between existing West 7th merchants, Sweet Tomatoes and Wink Threading Salon.

  • Multimedia: Simons, Edmonton, Canada

    Check out the video of the latest jewel in  Simons' department store portfolio. The 118,00-sq.-ft. store, in West Edmonton Mall,  Edmonton, Alberta (Canada) took top honors in Chain's Store Age's Retail Store of the Year Design competition.

    Click here

     

     

     

  • Phillips Edison-ARC acquires Publix-anchored center

    Atlanta -- Cincinnati-based Phillips Edison–ARC Shopping Center REIT has announced the acquisition of Macland Pointe, a 79,699-sq.-ft. shopping center anchored by a Publix grocery store and located in the Greater Atlanta, Georgia Metro Area.  

    The acquisition of Macland Pointe brings the company's total portfolio to 34 properties anchored by 13 grocers in 15 states.

    Macland Pointe is 92.8% occupied and anchored by a 55,999-sq.-ft. Publix.

     

  • Presidential Pools and Spas to open at Shops at Costco Plaza

    Tucson, Ariz. -- Presidential Pools and Spas said it is planning to relocate its Northwest Tucson store to the Shops at Costco Plaza.

    The 3,369-sq.-ft. store to slated to open on March 1.

     

  • CSA conference debuts real estate track; Container Store, Starbucks, Macy’s among retail speakers

    New York -- The SPECS conference, presented each year by Chain Store Age, will debut a real estate track as part of the 49th annual event. Held in Dallas from March 17 to March 20 at the Hilton Anatole, SPECS will feature real estate workshops designed toward educating and informing the retail development executives who attend the SPECS conference.

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