Real Estate

Charlotte, N.C. -- Atlanta-based Jones Lang LaSalle announced that USA Grande Promenade Management chose the firm to lease and manage Grande Promenade, a 202,000-sq.-ft., multi-level, mixed-use property in Charlotte, N.C.

The new assignment brings Jones Lang LaSalle’s retail portfolio in North Carolina to nearly 1.4 million sq. ft. of space.

Dallas -- Cypress Equities said it has expanded its corporate leasing team with the addition of Karly Kilroy and Allison Campbell.

Kilroy joins Cypress as senior leasing manager and is responsible for developing and leveraging relationships with potential tenants and facilitating leasing solutions for Cypress’ nationwide retail and mixed-use projects. 

Scarsdale, N.Y. -- Dallas-based SRS Real Estate Partners said that Athleta, a division of Gap, has signed a lease for 5,833 sq. ft. to build and operate one of its first suburban stores in New York at Vernon Hills Shopping Center in Scarsdale/Eastchester, N.Y.

A spring 2012 opening is planned.

Minneapolis -- Christopher & Banks Corp. announced Friday that it will close about 100 underperforming stores over the next three months, as part of a restructuring plan that also includes format consolidations and workforce reductions.

The women’s apparel retailer said it plans to complete most of the store closings by the end of January 2012, and will accelerate plans to convert or consolidate a number of its existing Christopher & Banks and CJ Banks stores into dual-format stores.

Medford, Ore. -- Jacksonville, Fla.-based Regency Centers announced the construction of Northgate Marketplace, an 80,900-sq.-ft. neighborhood center anchored by new-to-the-market anchors REI and Trader Joe’s. 

The grocery-anchored center is located in the regional retail hub of Medford, Ore. In partnership with Northgate, Regency Centers is developing the first phase of its first shopping center in Medford which will create more than 250 permanent jobs.

Portland, Maine -- Brixmor Property Group announced a 11,002-sq.-ft. Dollar Tree recently opened at Pine Tree Shopping Center, in Portland, Maine.

Brixmor, based in New York City, is the owner of Pine Tree Shopping Center.
 

Seattle -- Nordstrom Inc. reported Thursday that profit for the quarter ended Oct. 29 rose 6.7% to $127 million, compared with $119 million in the year-ago period.

Net sales rose 14.2% to $2.4 billion, surpassing Wall Street’s expected $2.35 billion and up from $2.1 billion a year earlier.  Same-store sales climbed 7.9%.

The company opened two full-line department stores – in Nashville and St. Louis -- and nine Nordstrom Rack stores during the quarter.
 

CITY OF COMMERCE, Calif. — A strong earnings and sales performance during its fiscal second quarter gave 99 Cents Only Stores the confidence to raise its full year guidance and become more aggressive with store growth. The company reported that total retail sales increased 9% to $352.2 million and same-store sales increased 6.7% for the second quarter. Consolidated net income increased by $2.2 million to $15.1 million or 21 cents per diluted share, versus $12.9 million in the prior year, or 18 cents per diluted share