Real Estate

Roswell, Ga. -- PGA Tour Superstore is opening a second Chicagoland location on June 14, in Downers Grove, Ill. The company opened a store in Schaumburg, Ill., last month.

Downers Grove is PGA Tour Superstore's 14th retail location. The stores are owned and operated by Golf & Tennis Pro Shop, whose controlling owner and chairman is Arthur M. Blank, retired Home Depot co-founder and current owner of the Atlanta Falcons.

New York -- Barnes & Noble Inc. founder and chairman Leonard Riggio agreed on Wednesday to forgo $29 million from a sale of one of his companies to the book retailer in order to settle a shareholder lawsuit, according to court documents, Reuters reported.

The lawsuit goes back to a 2009 agreement by the chain to buy back Barnes & Noble College Booksellers Inc. for $514 million from Riggio.

Santa Monica, Calif. -- Santa Monica Place, the open-air shopping center in downtown Santa Monica, Calif., has been awarded LEED (Leadership in Energy and Environmental Design) Gold certification from the U.S. Green Building Council.

Conshohocken, Pa. -- Ikea has announced plans to install solar energy panels on two distribution centers in the Eastern United States. Installation will occur this summer on the chain’s center in Perryville, Md., and Westampton, N.J. Both projects will rank among the largest commercial rooftop solar installations in the United States, and their implementation will extend the Ikea solar presence to nearly 89% of its U.S. locations.

SUNBURY, Pa. — Weis Markets has closed on its purchase of three former Genuardi's stores and is slated to reopen them this weekend.

In advance of these store openings on June 16, located in Conshohocken, Doylestown and East Norristown, Pa., Weis said it will reopen each store's pharmacy Monday at 12 noon to minimize prescription service disruption.

Weis added that it has hired 218 former Genuardi employees and has added 150 positions, which will allow each store to double the number of cashiers it employs and increase front-end service.

Sunbury, Pa. -- Weis Markets has closed on its purchase of three former Genuardi's stores and is slated to reopen them on June 16.

Ahead of the three openings -- in Conshohocken, Doylestown and East Norristown, Pa. – Weis said it opened each store's pharmacy Monday at noon to minimize prescription service disruption.

 

Pittsburgh -- Dick's Sporting Goods announced Monday it will open two new stores on June 13.

A store at Bloomfield Town Square, in Bloomfield, Mich., will be the sporting goods retailer’s 20th store in the state.

The new store opening at Northborough Crossing, in Northborough, Mass., will be the retailer’s 17th in the state.
 

New York -- Private equity firm Madison Dearborn Partners has purchased Things Remembered from Bruckmann, Rosser, Sherrill & Co. (BRS) and GB Merchant Partners for $295 million.