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Real Estate

  • Timberland opens eco-friendly store in Boston

    Stratham, N.H. -- The Timberland Co. has opened its new Boston retail location, at 201 Newbury Street. Construction on the store — housed in the old Prince School building — began earlier this year.

  • Jones Lang LaSalle donates $1.25 million to Red Cross to aid Japan

    Chicago -- Jones Lang LaSalle today Thursday that the firm is donating $1.25 million to the Japanese Red Cross to provide aid and relief following the Japan earthquake and Pacific Tsunami that have left a path of destruction in their wake.

  • Additions planned for Legends Outlets Kansas City

    Kansas City, Kan. -- OTB Destination, LLC announced that Chico’s and Soma Intimates outlet concepts will open at Legends Outlets Kansas City in June. Both concepts are new to the region.

  • Advance Auto to open at Shoal Creek Mall

    Cambridge, Md. -- Tarrytown, N.Y.-based  DLC Management Corp. announced that Advance Auto will open an 8,125-sq.-ft. store at Shoal Creek Mall in Cambridge, Md.

    The retailer, which signed a 10-year with DLC, will join a newly opened Walgreens anchor at the 67,248-sq.-ft. shopping center.

    Advance Auto is slated to open this fall.

  • Yogurtland launches New Jersey rollout

    Plymouth Meeting, Pa. -- Fameco Real Estate, L.P. announced that Yogurtland has signed two leases in New Jersey to kick off its store roll-out program.

    The 120-unit yogurt chain will open a 1,300-sq.-ft. store at The Shoppes at Union Hill in Denville, N.J., and a 1,200-sq.-ft. store at Hamilton Marketplace in Hamilton, N.J.

    The stores are expected to open in late spring/early summer.

  • Golden Gate to sell majority stake in J.Jill to Arcapita Bank

    New York City -- Private equity firm Golden Gate Capital Corp. agreed to sell a majority stake in J. Jill to Arcapita Bank BSC, a Bahrain-based investment bank, less than two years after buying the company. Terms of the agreement were not disclosed.

    Golden Gate will remain a minority shareholder in the company. J. Jill President and CEO Paula Bennett will continue to lead the chain.

    Golden Gate bought J. Jill in June 2009 from The Talbots for about $75 million.
     

  • Destination Maternity opens 10th store in the Middle East

    Philadelphia -- Destination Maternity Corp. said Wednesday that it has opened a 10th Destination Maternity store in the Middle East, this one located in Discovery Center, in Kuwait.

  • Chicago is Walmart's kind of town

    CHiCAGO --  Walmart has succeeded in bringing its smaller format store concept to Chicago, helping to make the case that the retailer can find success in more urban markets, including New York, which has thus far eluded the retailer. The company announced that it has secured locations in West Englewood for a Walmart Market and Walmart Express store.  According to the company, West Englewood is in the heart of a food desert and one of Chicago’s most underserved communities. 

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