Real Estate

Mississauga, Ontario -- Walmart Canada said Tuesday it will complete 30 real estate projects by the end of October, including two supercenter conversions and 28 new stores totaling 2.4 million sq. ft. of retail space.

The new stores were former Zellers locations; 10 will be converted to supercenters and 18 will be Walmart Canada discount stores.

“This is an exciting month for Walmart Canada,” said Jim Thompson, COO, Walmart Canada.

Burlington, Mass. -- KeyPoint Partners said Tuesday it has negotiated a lease with Sun & Ski Sports to occupy a 14,393-sq.-ft. space at 406 Washington Street in Woburn, Mass.

The store will be situated on the upper level of the building which houses Hogan Tire & Auto Service Center.

According to Sun & Ski parent Retail Concepts, a November 2012 opening is planned for this newest store, which is the chain’s thirtieth.

Washington, D.C. -- Grosvenor Americas and Skanska USA Commercial Development have announced plans for a mixed-use project of more than 650,000 sq. ft. directly north of the new Washington Nationals ballpark in the Capitol Riverfront district of Washington, DC.
     

New York -- Prudential Douglas Elliman’s Retail Group said it has secured a long-term lease for Chill Berry Frozen Yogurt at 2121 Frederick Douglass Blvd., between 114th and 115th Streets in New York City.

It is the second of two Harlem-based stores for the owners, with the first on Lenox Avenue and 131st Street.

Neighboring businesses along the corridor include Harlem Tavern, the 5 and Diamond, Jado Sushi, Posh Paws, Mod Squad Cycles and Best Yet Market.

Atlanta -- The Sembler Co. said that Charlie Heard has joined the firm as VP development and southeast market leader for the company. He will be based in Atlanta.

Heard’s duties consist of pursuing new shopping center development opportunities in Georgia, South Carolina, North Carolina, Tennessee and Virginia.  He has been involved in development projects for retailers such as Publix, Kroger, Target, Home Depot, Best Buy, CVS and Walgreen's and has worked with top-tier retailers on site selection across industry sectors.

Norwalk, Conn. -- Charter Realty & Development said that it has arranged a 2,350-sq.-ft. lease for Verizon located in the Dress Barn Plaza in Norwalk, Conn.

Dress Barn Plaza also contains Dress Barn and Dress Woman. Verizon will be relocating and expanding from a nearby location.

MISSISSAUGA, Ontario — Walmart Canada is stepping up its presence in the country this month with the opening of the most stores in the company's history.

By the end of October, the company will complete 30 real estate projects. They include two supercenter conversions and 28 new stores, which were formerly Zellers stores. Of the 28 Zellers locations, 10 will be supercentres and 18 will be discount stores. The 30 stores employ more than 3,000 associates and represent an addition of nearly 2.4 million square feet of retail space.

Rogers, Ark. -- In its annual meeting with analysts on Wednesday, Wal-Mart Stores U.S. president Bill Simon said the retailer would accelerate small-store growth to compete with dollar stores and drug stores, and announced plans to have 500 Neighborhood Market stores and 12 Express stores by fiscal 2016.

“This gives us the opportunity to build more stores for less money," Simon said. Wal-Mart currently operates 217 Neighborhood Markets and 10 Express stores.