Real Estate

Pittsburgh -- Dick’s Sporting Goods announced it is opening two stores this week, in Yonkers, N.Y., and Norcross, Ga.

The Yonkers location will be the retailer's 32nd store in the state of New York and their 458th nationwide. The Norcross location will be the retailer's fifteenth store in the state of Georgia and their 459th nationwide.

 

New York City -- Office Depot will celebrate the grand opening of its new store in Austin, Texas, on Sept. 27.

The new store features a number of upgrades designed with the customer in mind, including colorful and clear signage, and carpeted floors for a warmer feel. The floor plan is simple to navigate with a layout that is intuitive, logical and convenient for the customer to shop.

In the December 2007 issue of Chain Store Age, I wrote about an historic structure on St. Charles Avenue in New Orleans, long-occupied by House of Bultman Funeral Home that was undergoing an extensive redevelopment to accommodate the first Borders bookstore in Orleans Parish.

Hoffman Estates, Ill. -- A Friday report by Wall Street Journal said that Sears Holdings Corp. is in an active push to lease surplus space to other retailers. Its real estate division has listed on its website some 4,000 of its namesake and Kmart stores that have space for other merchants or retail operations to lease.

MINNEAPOLIS — Target's entry into Canada is nearing completion, as the company Friday finalized its real estate transaction with Zellers Inc. with the selection of 84 additional Zellers leases, bringing the total number of leases selected, including an initial group of 105 leases selected in May, to 189. From this second group, Target has acquired the leasehold interests for 29 locations, the vast majority of which will open as Target stores beginning in 2013. The remaining leases have been or will be sold to other Canadian retailers or back to landlords.

New Rochelle, N.Y. -- Welco Realty, an X Team Partner, said it has arranged a lease representing Pier 1 Imports for Rego Center, in Queens, N.Y., for 8,500 sq. ft.

The firm represented both the landlord and tenant for leases at Bay Plaza Shopping Center, Bronx, N.Y., for 9,599 sq. ft. and at Summerhill Square, in East Brunswick, N.J., for 9,000 sq. ft.
 

Elkridge, Md. -- Jacksonville, Fla.-based Regency Centers said that it has leased retail space in Elkridge, Md., at Elkridge Corners shopping center to Green Valley Markets. 

A Baltimore-based grocery wholesaler/retailer founded in 1915, B. Green & Company is opening its third retail location and its first new full-service neighborhood supermarket concept Green Valley Markets in a 39,571-sq.-ft. space. Interior and exterior store improvements will begin this month. The store opening date is still to be finalized.

Savannah, Ga. -- Citi Trends said Friday that it would cut jobs and open fewer stores than it planned in an effort to save money after losing $10 million in the second quarter. The company said it would open new stores only where it had already made commitments, resulting in about 55 new locations in 2011 and five in 2012.

The company also said it would cut 40 jobs at its stores, distribution centers and corporate offices in Savannah, Ga.