Real Estate

Jacksonville, Fla. -- Regency Centers said Tuesday it has closed on the acquisition of Calhoun Commons, a 66,150-sq.-ft. neighborhood shopping center located in Minneapolis and anchored by Whole Foods Market.

The property was purchased in an off-market transaction on July 1 for $21 million from Calhoun Commons Shopping Center Limited Partnership, a subsidiary of Doran Cos. and the original developer of the property.

Tustin, Calif. -- Real estate brokerage firm Present Value Properties said Tuesday that Britt Nelson has joined the company as VP.

Previously founder and president of NewCity Development, Nelson was responsible for site selection, acquisition, and procurement of development projects. Other responsibilities included coordination of the overall development teams and municipal relations.

Nelson will be working with existing Present Value Properties' clients including Pizza Hut and Menchie’s Frozen Yogurt franchisees.

Pleasanton, Calif. -- Off-price retailer Ross Stores will celebrate the opening of its 1000th Ross Dress for Less store, in North Pleasant Hill, Calif., on July 16.

The new store is Ross’ 50th location in the Bay Area. The company operates more than 1000 Ross Dress for Less and dd's Discounts locations.

New York City -- Tourneau opened a new concept store in Manhattan. The 3,135-sq.-ft. space offers a dramatic departure from traditional jewelry and watch stores in that it does not have counters. Instead, it features a series of long tables in the main showroom that can be approached from all sides.

Tourneau employees, equipped with iPads in hand, unlock the cases when customers want to look at a watch.

The new store was created by San Francisco-based architecture firm Eight Inc., which has also worked on the Apple stores.
 

The first Target stores in Canada won’t open until 2013, but the company recently announced it retained MDC Partners to lead the development of its overall marketing efforts. According to the company, the MDC integrated team is being led by kbs+p Canada and Veritas Communications, along with support from Northstar Research Partners and BOOM! Marketing. 

Boston -- WS Development announced that Aldi will open a new store at Stateline Shopping Center, located in Salem, N.H.

The new store, the grocer’s first in the state, will join a newly opened Lowe’s anchor, as well as Sovereign Bank and NAMCO at the recently redeveloped 232,000-sq.-ft. shopping center.

San Diego -- Centro Properties Group US said Tuesday that Carter’s has opened a new store in San Diego.

The 6,100-sq.-ft. store opened at Mira Mesa Mall, which is owned by New York City-based Centro Properties Group.
 

Somerdale, N.J. -- Purchase, N.Y.-based National Realty & Development Corp. said Tuesday that Applebee’s will open a new restaurant at the 385,000-sq.-ft. CooperTowne Center in Somerdale, N.J.

Applebee’s will occupy 7,029 sq. ft. of this redevelopment project and will join anchor tenants Walmart Supercenter, Cinemark Theatres and LA Fitness.

Denver -- Centro Properties Group US announced Tuesday that Dollar Tree has opened a new store in Denver.

The 8,460-sq.-ft. Dollar Tree store opened at Villa Monaco, which is owned by New York City-based Centro Properties Group.

New York City -- Saks said Tuesday it will open a licensed Saks Fifth Avenue store in Almaty, Kazakhstan, in August 2012.

The full-line department store, which will tailor its merchandise to the region, will open in Esentai Shopping Mall, which is part of a new mixed-use development featuring residential, office and hospitality components.

The three-story, 91,000-sq.-ft. store will showcase a three-story-high, state-of-the-art digital video screen on the building’s facade.