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Real Estate

  • Saks opens in Kazakhstan

    New York -- Saks Inc. has opened its first Saks Fifth Avenue store in Kazakhstan, in the city of Almaty.

  • Frye Co. to unveil Boston flagship

    Boston -- Boot and leather goods manufacturer Frye Co. will open its second U.S. retail location – on Newbury St. in a historic building in Boston’s Back Bay. It joins Frye’s only retail store in the Soho area of New York City.

    The 11,000-sq.-ft., three-level flagship store is slated to open spring 2013. It will reflect a fresh vision of Frye’s heritage and commitment to craft, and house specially designed areas showcasing the brand’s product.

  • SRS Real Estate names exec

    Dallas -- SRS Real Estate Partners said Ken Galvin as rejoined the firm, as senior VP in the Chicago office.

    Galvin spent time with Staubach Retail (formally SRS Real Estate Partners) from 2000-2009.

  • LA Fitness leases 43,000 sq. ft. at Metro Center Atrium

    Bronx, N.Y. -- Simone Development Cos. announced that LA Fitness will open a 43,000-sq.-ft. facility at Metro Center Atrium, a new 370,000-sq.-ft. mixed-use project in the Pelham Bay section of the Bronx in New York.

    The office, retail and hotel complex is the latest phase in Simone Development’s 42-acre, multi-building Hutchinson Metro Center campus.

    LA Fitness’s new gym is slated to open November 2013, and will join a newly announced Residence Inn-branded hotel at Metro Center Atrium.

  • Five Guys Burgers to open at Plaza at Cedar Hill

    Cedar Hill, Texas -- Indianapolis-based Kite Realty Group said that Five Guys Burgers & Fries has leased 2,500 sq. ft. at Plaza at Cedar Hill, located in Cedar Hill, Texas.

    The 303,540-sq.-ft. power center is anchored by Marshalls, Home Goods, Hobby Lobby, Dress Barn, DSW, Ross, Office Max, Toys “R” Us / Babies “R” Us and Sprouts.

     

  • Sembler lays plans to expand tenant enhancement program

    St. Petersburg, Fla. -- After launching an enhancement program designed to assist tenants toward ramping up sales, Sembler Co. said it will be expanding its “Sembler Advantage” program portfolio-wide.

    Currently, 30 tenants have completed the program, according to Sembler, and have learned tips and techniques for jump-starting a small business, such as incentivizing employees to bring in new business.

  • Soma Intimates opens at Willow Grove Park

    Willow Grove, Pa. -- Philadelphia-based Pennsylvania Real Estate Investment Trust said Monday that Soma Intimates recently opened at Willow Grove Park, in Willow Grove, Pa.

    The 2,369-sq.-ft. store will be joined by a newly formatted J.C. Penney opening this fall and featuring the retailer’s Shops format, along with the opening of accessory boutique Laila Rowe.

    Willow Grove Park is a three-level, 1.2 million-sq.-ft. regional shopping mall anchored by Bloomingdale’s, Macy’s, Sears and Nordstrom Rack.

     

  • J.C. Penney opens new store, Cinemark Theatre starts construction at Monroeville Mall

    Monroeville, Pa. -- Chattanooga, Tenn.-based CBL & Associates Properties announced that, on the heels of the grand opening of a 110,000-sq.-ft. J.C. Penney store, construction has commenced on a state-of-the-art 12-screen Cinemark Theatre.  Both are part of CBL’s redevelopment of Monroeville Mall, located near Pittsburgh in Monroeville, Pa.

    The grand opening for Cinemark Theatre is anticipated for late 2013.

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