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Real Estate

  • RMC moves headquarters

    Tampa, Fla. -- RMC Property Group announced it has acquired Carrollwood Corporate Center in Tampa, Fla., and is expanding and moving its corporate offices to the office building.

    The Class A office building encompasses 20,000 sq. ft.
     

  • REI to open in South Carolina

    Seattle -- REI (Recreational Equipment, Inc.), announced plans to open a new store in Greenville, S.C., this fall. It will be the company’s first location in Asheville, N.C.

    The one-story, approximately 22,000-sq.-ft. store will include a bike shop for quick assemblies and repairs, and a seasonal gear rental department for customers looking to test new activities. It will also feature a community space for REI and its local partners to hold outdoor-related classes, presentations and events.

  • 7-Eleven to acquire 188-store Wilson Farms

    Dallas -- 7-Eleven has signed an agreement to purchase Wilson Farms, a Buffalo-based convenience store chain with 188 locations in New York State, with an expected closing in the second quarter. Terms of the deal were not disclosed.

  • Darden looks to double size of LongHorn Steakhouse over 10 years

    New York City -- Darden Restaurants plans to roughly double the size of LongHorn Steakhouse during the next 10 years. 

    Speaking at Barclay’s Retail & Restaurants Conference in New York City, Darden president and COO Drew Madsen said LongHorn Steakhouse, Olive Garden and Seasons 52 would help drive the company’s growth going forward. Darden want to expand LongHorn Steakhouse, which currently has some 345 locations, to 600 to 800 units over the next decade.

  • America’s Kids debuts at Tower Shopping Center

    Raleigh, N.C. -- Tarrytown, N.Y.-based DLC Management Corp. announced a pair of lease signings that have transformed its Raleigh, N.C., asset Tower Shopping Center.

    According to DLC, America’s Kids will open a 26,691-sq.-ft. store, marking the children’s clothing and accessory retailer’s first store in North Carolina. This is also the first America’s Kids store in DLC’s portfolio, and deals at two additional shopping centers are under negotiation.

  • Citi Trends to open at City Line Plaza

    Moline, Ill. -- Oakbrook Terrace, Ill.-based Mid-America Asset Management announced that Citi Trends is entering Moline, Ill., with a lease for 10,137 sq. ft. at City Line Plaza.

    The new store is slated to open in June.

    The 112,849-sq.-ft. City Line Plaza is anchored by Jewel/Osco and Family Dollar, with other tenants including Papa Johns, Hallmark and Rent-A-Center.
     

  • Ikea powers up solar in Brooklyn

    Brooklyn, N.Y. -- One of the largest commercial solar rooftop installations in the five boroughs has gone live. Ikea announced that the solar energy system on its store in Brooklyn, N.Y., now is commissioned, operational and certified by Con Edison and New York City. The 200 kW array occupies 19,000 sq. ft., with four different module types totaling 1,104 panels.

  • Fameco announces exec appointment

    Woodbridge, N.J. -- Fameco Real Estate announced that Scott Jennerich has joined the Fameco organization and will be based out of its Woodbridge, N.J., office.

    Jennerich previously led Trinity Real Estate Advisors, a consulting company specializing nationally in retail real estate, land development and the shopping center industry. He will join Fameco as the president of Trinity Real Estate Advisors, now a wholly owned subsidiary of Fameco Real Estate.
     

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