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Real Estate

  • Keva Juice to open at Marketplace Shopping Center

    St. Petersburg, Fla. -- Jacksonville, Fla.-based Regency Centers said it has leased retail space in St. Petersburg, Fla., to Keva Juice, which will open at Marketplace Shopping Center.

    Keva Juice has leased 1,302 sq. ft. and is slated to open this spring.

    The 90,296-sq.-ft. shopping center is anchored by a newly opened LA Fitness. National retailers at the center also include Starbucks, The UPS Store, Jenny Craig, and BB&T.

  • Loft to open two new Calif. stores

    Newport Beach, Calif. -- Grubb & Ellis Co. Said it has secured two new leases for Loft, a division of Ann Taylor Stores Corp., for a total of 10,589 sq. ft. of retail space in Marina Del Ray and Calabasas, Calif. 

    The company signed a 10-year lease for 5,420 sq. ft. at Waterside in Marina Del Ray, and 5,169 sq. ft. at The Commons at Calabasas.

    The two new stores are expected to open this spring. 

    Both properties are owned by Caruso Affiliated.

  • Readers Speak Out: Have we seen the beginning of more ground-up projects?

    In the Jan. 27 edition of SiteTalk, we asked our readers to comment on the recent announcement that Cordish Cos. would build an upscale outlet center and entertainment district near Omaha, Neb., and if that development signaled the beginning of more ground-up projects. This is what one reader had to say:

  • Intermix to open new store in Meatpacking District

    New York City -- Robert K. Futterman & Associates announced it has secured a long-term, 2,725-sq. ft. lease with high-end apparel and accessories retailer Intermix in Manhattan’s Meatpacking District. 

    This completes the first of three phases of leasing at the building, which is situated on the southwest corner at the intersection of Washington and Gansevoort Streets, where Intermix will have two entrances. 

  • 7 For All Mankind to open stores in Canada

    Los Angeles -- 7 For All Mankind announced it will open its first fully owned store in Canada in March, at Chinook Centre in Calgary.

    The company said it plans to open two to three stores annually in Canada during the next four to five years.

  • Jones Group reports revenue rise in Q4

    New York City -- The Jones Group reported Wednesday that revenues for the fourth quarter rose 12.5% to $874 million, from $777 million in the year-ago period.

    The company attributed the fourth quarter performance to the June 2010 acquisition of the Stuart Weitzman business, as well as increases in various business segments.

    Jones Group closed 44 retail locations in the fourth quarter to end the year with 803 locations (which includes acquired Stuart Weitzman locations). The company closed 194 locations in 2010.

  • Report: Big Lots to explore possible sale

    Columbus, Ohio -- Multiple news sources reported late Monday that discounter Big Lots is exploring its options, including a potential sale. No reports have yet been confirmed by the retailer.

    According to Bloomberg, which cited an unnamed source, Big Lots is exploring a possible sale of the company after receiving interest from buyout firms. Big Lots has a total enterprise value of $2.6 billion, according to Capital IQ.

  • The Crossings at Four Corners redevelopment project breaks ground

    Smyrna, Ga. -- Westchester, Ill.-based Tri-Land Properties announced Tuesday that the redevelopment of The Crossings at Four Corners has launched in Smyrna, Ga.

    Eight acres of the project will be home to a 96,000-sq.-ft. Kroger, the company’s largest grocery store in the Atlanta market.

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