Real Estate

Chestnut Hill, Mass. -- WS Development announced that Lululemon Athletica has signed a lease to join the Chestnut Hill Shopping Center, in Chestnut Hill, Mass.

The 3,100-sq.-ft. lululemon joins other new signings at the 406,000-sq.-ft. center, including Pottery Barn, The Sports Club/LA, Cinema de Lux, Polarn O. Pyret, Shake Shack, Pinkberry, Treat Cupcake Bar, and gourmet Asian restaurant Bernard’s.
 

Ewing, N.J. -- North Plainfield, N.J.-based Levin Management Corp. said that Planet Fitness has opened a 17,380-sq.-ft. facility at Capitol Plaza, located in Ewing, N.J.

The 357,000-sq. ft. center is leased and managed by Levin Management.
 

Melville, N.Y. -- Commercial real estate consulting, advisory and investment group A&G Realty Partners announced that Peter Lynch and Andrew Margolick have joined the firm as partners.

Lynch joins A&G from DJM Realty, where he was a principal and senior managing director, and Margolick was president of his own firm, ARM Consulting, as well as a former VP at Hilco Real Estate.

Sidney, Neb. -- Outdoor-gear retailer Cabela's Inc. reported Thursday that net income for the second quarter increased to $33.9 million, from $21.7 million in the year-ago period.

Total revenue rose 11.6% to $627.3 million, boosted by a 17% rise in retail store revenue – to $384.7 million. Analysts forecasted total revenue of $606.3 million.

Same-store sales increased 4.7%.

Plymouth Meeting, Pa. -- Philadelphia-based Pennsylvania Real Estate Investment Trust said that Charming Charlie has opened a 12,000-sq.-ft. store at Plymouth Meeting Mall, in Plymouth Meeting, Pa.

The mall is anchored by Macy’s, Boscov’s, and Whole Foods Market and Café, and features more than 100 specialty retailers.
 

New York -- Prudential Douglas Elliman's Retail Group said it has arranged the American debut of Caramel Baby & Child at 1244 Madison Avenue, between 89th and 90th Streets. 

The luxury label, which currently has stores in London and Tokyo, specializes in clothing for babies through toddlers. The newest location is on a corridor that is regarded as a center for luxury children's clothing, and home to such neighbors as Armani Jr., Jacadi, Baby Cottons, J. Crew Cuts, Pink Chicken, Brooks Brothers Children and Rachel Riley.
 

Boca Raton, Fla. -- Miami Beach, Fla.-based Terranova Corp. said that three new tenants will open at Polo Club Shoppes, a Publix-anchored center in Boca Raton, Fla.

Manhattan Joe’s Pizzeria will open a 753-sq.-ft. restaurant this fall; Blo and Go will open a 923-sq.-ft. salon this fall; and Hair Cuttery has opened a 1,400-sq.-ft. salon.

Weak housing data notwithstanding, plenty of people spent money fixing up their homes this spring judging by the results of select retailers with exposure to the home improvement market.