Real Estate

York, Pa. -- As part of a real estate realignment strategy, The Bon-Ton Stores Inc. on Tuesday said it will close two of its department stores, one in Pennsylvania and the other in Ohio, when their leases expire in early 2012.

The company said it plans to close its store in the West Manchester Mall in York, Pa., in January, and its Elder-Beerman store in the Northwest Mall in Dayton, Ohio, which will shut down in February.

Indianapolis -- Kite Realty Group said that The Flying Cupcake has leased 856 sq. ft. at Rivers Edge Shopping Center, located in Indianapolis.

Rivers Edge, recently renovated, is anchored by Nordstrom Rack, Buy Buy Baby, The Container Store, Harry & Izzy’s and soon Arhaus Furniture. The total GLA is 152,575 sq. ft.

Ridgefield, Conn. -- Gap tapped Schimenti Construction to build the company’s flagship Athleta location in New York City.

The 3,922-sq.-ft. store, which features performance apparel and gear for the active woman, is in a landmark building on Columbus Avenue, in Manhattan. The space was completed in 13 weeks from start to opening.

Pittsburgh -- Dick's Sporting Goods will officially mark its entry into the state of Oklahoma on Nov. 2, with the opening of two stores in Tulsa, and one store in Broken Arrow.

In other news, Dick’s will open at Premier Center, Canton, Mich., on Nov. 2, and at Waters Place, Ann Arbor, Mich., on Nov. 4.

Stratham, N.H. -- Timberland announced it will open a store in the Calhoun Square shopping district of Minneapolis on Nov. 18.

Richmond, Va. -- Charlotte, N.C.-based Crosland Southeast said it broke ground Friday on Richmond MSA’s newest multi-use development, Stonebridge, which will occupy the site of the former Cloverleaf Mall in Chesterfield County, Va.

The first phase of Stonebridge includes the construction of 144,000-sq.-ft. of retail space – most notably, a 123,600-sq.-ft. Kroger Marketplace grocery store that will be the region’s largest and the company’s most expensive to date.  

New York City -- A new concept, C. Wonder, has made its retail debut, opening a 5,000-sq.-ft. store in Manhattan’s SoHo neighborhood. The company is on track to open three mall  locations this fall: Garden State Plaza, Paramus, N.J.; The Westchester Mall, White Plains, N.Y.; and Roosevelt Field, Garden City, N.J.  An additional 20 locations are planned for 2010, according to various reports.

Newington, N.H. -- Burlington, Mass.-based KeyPoint Partners said it has been awarded the property management and leasing contracts for The Crossings at Fox Run, a 475,000-sq.-ft. power center in Newington, N.H.

The property will be handled out of the firm’s Burlington, Mass., corporate headquarters. Heitman LLC awarded the contracts.