Real Estate

Vancouver, Wash. -- Jacksonville, Fla.-based Regency Centers said it has leased retail space to Pita Pit and Yolicous, which will open in a 2,032-sq.-ft. space this summer at Orchard Market Center, Phase II, located in Vancouver, Wash.

The 178,000-sq.-ft. shopping center is anchored by Wholesale Sports and LA Fitness, alongside national retailers such as Jo-Ann, Office Depot, Petco and Starbucks.

Newington, N.H. -- Indianapolis-based Simon Property Group said it will assume leasing, management and marketing duties of the Fox Run Mall, located in Newington, N.H., effective May 15.

The enclosed regional shopping center, built in February 1983, is anchored by Macy’s, J.C. Penney and Sears. Other tenants include Abercrombie & Fitch, Hollister, Express, Loft, Limited, Men’s Wearhouse, American Eagle Outfitters and Victoria’s Secret.

The center totals 604,000 sq. ft. and is situated on nearly 70 acres.

Granada Hills, Calif. -- Jacksonville, Fla.-based Regency Centers announced that it has leased nearly 39,000 sq. ft. of retail space in Granada Hills, Calif., at Granada Village to two additional anchors, HomeGoods and Petco.

HomeGoods has leased 27,500 sq. ft. and is slated to open in spring 2012. This is the first store in the market for this home furnishings retailer with the next closest location eight miles away.

Petco is scheduled to open in 11,350 sq. ft. this fall.

Greenville, S.C. -- Seattle-based Recreational Equipment Inc. (REI) announced it will open its first store in South Carolina this fall, in Greenville.

The one-story, 22,000-sq.-ft. store will also feature a community space for REI and its local partners to hold outdoor-related classes, presentations and events.

Vienna, Va. -- Golfsmith announced it will open its first metro Washington, D.C., location in Tysons Corner, Va., this June. The new location is part of an aggressive growth strategy for the company.

Golfsmith’s stores offer an interactive experience, and customers are encouraged to test out clubs and gear inside the store before purchasing. They can also use one of the four custom-fitting studios to test drive new clubs. The company also offers free custom club fitting services.

In case you missed it because you were too busy putting away the noisemakers or watching college football, the first day of 2011 was not just another New Year’s Day. It was a significant generational milestone: The first members of the Baby Boom generation turned 65.

Sunbury, Pa. — Weis Markets on Thursday announced an increase of its 2011 capital expenditure budget by 7% to $110 million. The current budget includes 14 major remodels, two additions and three new/replacement stores.

The company currently is building a replacement unit near Reading, a new unit near Easton and a replacement unit near State College, all in Pennsylvania.

New York City -- Triple Five Worldwide Development Co. LLC, owner of the Mall of America in Minnesota, reached a deal with lenders and New Jersey Governor Chris Christie to complete and expand the stalled Meadowlands Xanadu entertainment complex in East Rutherford, N.J., Bloomberg reported.

New York City -- SuperValu plans to increase the footprint of its value division Save-A-Lot by 160 new stores this year, GlobeSt.com reported.

“This past year we added 92 net Save-A-Lot stores, and this fiscal year we’re looking to add another 160 net stores,” a spokesman said in the report.

Naperville, Ill. -- OfficeMax said Thursday that its net income dropped 53% in the first quarter.

Net income fell to $11.9 million from $25.4 million. Revenue fell 2.8% to $1.86 billion, though it beat analysts' estimates

The company blamed bad weather, store discounts and "an unfavorable product sales mix shift" in the technology department. Revenue from direct sales to business customers fell more steeply than revenue in stores.