Real Estate

Camp Hill, Pa. -- Rite Aid Corp. reported Thursday that it narrowed its loss in the quarter ended Aug. 27 to $94.7 million, from $199.3 million in the year earlier period.

Revenue rose 1.8% in the quarter to $6.3 billion, and same-store sales – as previously reported – increased 2.2%.

The drugstore retailer has modified its outlook, now expecting smaller losses for fiscal 2012 than originally anticipated.

Columbia, S.C. -- Shopping center owner Edens & Avant said Wednesday that an expanded new Publix will open Sept. 2012 at Sunshine Square retail center in Boynton Beach, Fla.

The centerpiece of the multi-million dollar redevelopment, the new 54,000-sq.-ft. Publix will be more integrated into the overall center, one aspect of a larger plan to improve shopper circulation that also includes enhanced vehicular and pedestrian access.

The existing Publix store is scheduled to close Sept. 24.

New York City -- Sur La Table has been acquired by Investcorp, a global asset management firm. The Seattle-based retailer, which specializes in kitchen goods, operates 86 stores nationwide.

Investcorp acquired Sur La Table from the Behnke family and investment firm Freeman Spogli & Co., who will both remain as investors in the kitchen goods retailer. Terms of the deal were not disclosed. No management changes are expected.

CHICAGO — Walgreens is looking to roll out solar installations at its Ohio-area stores, thanks to a new partnership with a Chicago-based solar developer.

The retailer said that it selected SoCore Energy to provide 90 solar installations for the Ohio-based stores. The partnership began earlier this month with the construction of 20 solar installations at Walgreens stores in Cincinnati. Walgreens and SoCore Energy said that the first 53 solar installations is slated to be completed by Nov. 11.

Millville, N.J. -- Fameco Real Estate, LP said that Hobby Lobby and Dollar Tree have signed leases at Cumberland Crossing, located in Millville, N.J., bringing the shopping center to nearly 90% leased.

Cumberland Crossing is a 258,414-sq.-ft. community center anchored by Walmart. Hobby Lobby signed a lease for 58,822 sq. ft. and Dollar Tree signed a lease for 12,000 sq. ft.
 

Birmingham, Ala. -- Hibbett Sports announced plans to open nine stores in October.

The locations are in Pine Bluff, Ark.; Louisville, Ky.; Ada and Grove, Okla.; Aiken, S.C.; Giddings and Nacogdoches, Texas; Grundy, Va.; and Hartford, Wis.
 

New Orleans -- Covington, La.-based Stirling Properties announced that The Fresh Market is coming to New Orleans. The retailer will lease the 24,000 sq.-ft., two-story building on St. Charles Avenue, in the city’s Garden District, which was previously occupied by Borders. 

This location will be The Fresh Market’s fourth in Louisiana with stores already in Baton Rouge, Lafayette and Mandeville.
 

Short Hills, N.J. -- The Mall at Short Hills, in Short Hills, N.J., is now home to new retailers Omega and Pandora, which opened recently in the regional shopping center. Omega opened a flagship store near Nordstrom on the upper level, and jeweler Pandora opened on the lower level near Macy’s.