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Real Estate

  • 7-Eleven acquires 23 Texas c-stores; on target to open 630 stores in 2012

    Dallas -- 7-Eleven said Thursday it has completed its previously announced transaction with convenience store operator Strasburger Enterprises and has acquired 23 c-stores in Texas, mostly under the Quix banner.

    Terms of the deal, which brings 7-Eleven’s Texas store count to 570, weren’t disclosed.

  • Aéropostale to expand presence in Canada

    Montreal -- Aéropostale said Thursday that it is adding to its presence in Canada with the opening of its first store in Quebec, on June 15 at Place du Royaume in Ville de Saguenay.

    The chain said that six more stores will open in 2012, including Place Laurier in Québec City, Fairview Pointe Claire in Point-Claire, Promenades St. Bruno in St. Bruno De Montarville, Galleria D'Anjou in Anjou, Mail Champlain in Brossard and Les Galeries de la Capitale in Québec City.

  • Simon opens Merrimack Premium Outlets

    Merrimack, N.H. -- Indianapolis-based Simon Property Group said Thursday that it has opened Merrimack Premium Outlets, an upscale outlet shopping center serving the Greater Boston and Nashua markets.

  • Dick’s Sporting Goods to anchor Southpark Mall in former Dillard’s space

    Richmond, Va. -- Chattanooga, Tenn.-based CBL & Associates Properties said Thursday that Dick’s Sporting Goods will open a new store at Southpark Mall in Richmond, Va.

    The existing Dillard’s location will be redeveloped into the new 56,000-sq.-ft. Dick’s store as well as a selection of specialty stores and restaurants. Construction is scheduled to begin in October with a grand opening slated for summer 2013.

  • U-Swirl franchisee signs first of 10 locations in Houston

    Henderson, Nev. -- Frozen yogurt purveyor U-Swirl said Thursday that its area developer for the Houston market has signed a lease for its first of a 10-miminum store commitment to be opened over the next 48 months.

    Houston is the fifteenth area in 13 states where U-Swirl is currently developing locations. It currently has 29 yogurt cafes open and operating.

     

  • Costco to make Louisiana debut

    New Orleans -- Costco Wholesale Corp. will enter the state of Louisiana with a 148,000-sq.-ft. store at Carrollton Plaza Shopping Center in New Orleans.

    The new lease, announced by center owner The Feil Organization, will add Costco to a lineup of retailers that includes CVS, Firestone, Family Dollar and Subway.

    Costco is slated to open spring 2013.

  • Saks Off 5th to open in new center in Massachusetts

    New York -- Saks Fifth Avenue Off 5th announced that it plans to open a store in Merrimack, Mass., on June 14.

    The 28,032-sq.-ft. store is located in Merrimack Premium Outlets, a new shopping center 55 miles northwest of Boston. The store’s launch will coincide with the outlet’s grand opening celebration, which will last from June 14 until June 17. Operated by Simon Malls, the Outlet Center will be home to a collection of 100 designer and name-brand outlet stores, up to four restaurants and a food court.

  • Ascena completes Charming Shoppes tender offer

    Suffern, N.Y. -- Ascena Retail Group Inc. announced it has successfully completed its tender offer for Charming Shoppes Inc.'s outstanding shares.

    Ascena announced in May it that was buying Charming Shoppes, whose banners include Lane Bryant, Fashion Bug,  and Catherines Plus Sizes, for about $890 million.

    Charming Shoppes will become an Ascena subsidiary and will stop trading on the Nasdaq and Chicago Stock Exchange once the transaction is complete. Ascena’s retail subsidiaries include Dressbarn, Maurices and Justice.

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