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Real Estate

  • Terranova and Freshberry ink third long-term deal

    Miami Beach, Fla. -- Terranova Corp. announced that self-serve frozen yogurt concept FreshBerry has signed on to a long- term deal for an 1,800-sq.-ft. space in El Mercado Shopping Center, in Hialeah, Fla.

    El Mercado is a Publix-anchored center with additional tenants such as Anna’s Linens, GNC and Pollo Tropical.

    FreshBerry has also signed on to join Parkhill Plaza, in Miami, in a long term 1,600-sq.-ft. deal. Parkhill Plaza is a Winn-Dixie-anchored center.

  • Whole Foods to open in Minnetonka

    St. Paul, Minn. -- Paster Enterprises announced that Whole Foods Market is opening a 32,000-sq.-ft. standalone location at the company’s Minnetonka property.

    Construction on the project, a joint venture between Paster Enterprises and Shiner Capital Partners, a Chicago-based real estate investment firm, officially began on April 20.

  • The Foundry Big & Tall Supply Co. opens at The Centre at Preston Ridge

    Frisco, Texas -- New York City-based Centro Properties Group said that The Foundry Big & Tall Supply Co. has opened at Preston Ridge, located in Frisco, Texas.

    The 5,000-sq.-ft. store is part of the new Growth Brands Division at J.C. Penney Co.

    Preston Ridge is owned by Centro.
     

  • Aerosoles to open at Citadel Outlets

    Los Angeles -- SPL Realty Partners announced that it has secured a retail space for footwear retailer Aerosoles in Citadel Outlets in Los Angeles.

    The 2,059-sq.-ft. store is scheduled to open on May 19 in the new third phase of Citadel Outlets, the only outlet center in Los Angeles County. The space boasts almost 50 ft. of frontage and sits adjacent to Under Armour, across from adidas and converse and steps from a large parking field.

  • Kohl's raises FY outlook on strong Q1

    MENOMONEE FALLS, Wis. — Kohl’s reported that its first quarter diluted earnings per share increased 14% to 73 cents, in line with Citi and Stifel analysts expectations and with the company's updated guidance that EPS would be toward the high-end of 68 cents to 73 cents (provided on May 5). Net income for the quarter was $211 million, compared with $199 million (64 cents per diluted share) a year ago. Net sales were $4.2 billion, an increase of 3.1% for the quarter. Comparable-store sales for the quarter increased 1.3%.

  • Kohl’s profit up 6%; raises full-year outlook

    Menomonee Falls, Wis. -- Kohl’s Corp. said Thursday its first-quarter earnings rose 6%, helped by online sales and Easter demand in the Southeast.

    Net income rose to $211 million from $199 million in the year-ago period. Sales in the quarter ended April 30 rose 3.1% to $4.16 billion. Same-store sales were up 1.3%.

  • Victoria’s Secret at Miracle Mile to undergo multi-million dollar remodel

    New York City -- Victoria’s Secret will begins construction on a multi- million dollar renovation of its store in Miracle Mile Shops at Planet Hollywood Resort & Casino in Las Vegas in late May.

    Construction will take approximately three-months to complete. The newly renovated 7,722-sq.-ft. store will serve as a prototype for Victoria’s Secret, featuring various design elements not found at any of its other Las Vegas locations. 

  • Toys‘R’Us to install North America’s largest rooftop solar power system

    WAYNE, N.J. — Toys"R"Us is installing the largest rooftop solar power installation in North America at its distribution center in Flanders, N.J. Staging for the system is currently underway and construction will conclude this summer. Upon completion, the 5.38 megawatt on-site solar array will occupy 869,294 sq. ft. It is estimated to generate 72% of the electrical needs for the Toys"R"Us facility, which is the largest of the chain’s 10 DCs and covers over 1.5 million sq. ft., in addition to the roof, which spans 32 acres.

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