Real Estate

The TJX Companies is expanding into another country with its acquisition of Trade Secret’s 35 stores.

TJX announced it has completed its acquisition of Trade Secret, an off-price retailer that operates 35 stores in Australia, from Gazal Corporation Limited for $59 million. The acquisition of Trade Secret provides TJX an opportunistic entry into Australia, where TJX currently operates one of its 13 buying offices.

New York -- Howard Hughes Corporation announced McNally Jackson Books will open a new location in 2017 at the iconic Seaport District in New York. The independent New York bookstore will set up shop in Schermerhorn Row along the cobblestoned streets of the historic district and bring a new literary experience to the Seaport with a refined and carefully curated selection of books, free interactive event programming, a café with outdoor seating and a family-friendly reading area for children to engage the growing residential community.

Montgomery, Ala. -- Jim Wilson & Associates announced the addition of Doug Jeffords, VP of construction, and Evan Conder, development director.

Microsoft Corp. has opened its first Manhattan flagship, within blocks of its major competitor.

The new Microsoft store is located at the intersection of Fifth Avenue and 53rd Street, just several blocks away from Apple's Manhattan flagship with its famed glass cube entry. Microsoft has been planning the five-floor, 22,369-sq.-ft. store for more than six years.

Fast-casual dining chain Johnny Rockets is expanding its range to include customers in the countries of Italy, Paraguay and Canada.

As part of its strategy to double its global footprint by 2017, Johnny Rockets has signed agreements for 49 new restaurant locations in those three new markets. Some locations will open as early as 2016.

Microsoft is opening its first Manhattan flagship store, with a major competitor conveniently nearby.

Cullman, Ala. -- Merchants Retail Partners announced a milestone achievement for revitalized Cullman Shopping Center in Cullman, Alabama. The center recently reopened 100% leased with more than 400,000 sq. ft. of retail space.

New York -- Brixmor Property Group named Michael Hyun as its new chief investment officer and as a member of the Company's Management Committee, effective Dec. 14. Hyun will be responsible for the strategic and day-to-day oversight of business development, portfolio management and capital recycling for Brixmor.

Anyone who thinks Michael Jordan’s star may have dimmed in the 10-plus years since he retired from professional basketball, should think again.

Nike on Saturday, Oct. 24, in Chicago, debuts its first-ever store dedicated entirely to its Jordan Brand, and fans of the sports legend, along with sneaker enthusiasts, lined up for days in anticipation of the opening. Nike also plans to open Jordan Brand stores in additional locations, including New York, Los Angeles and Toronto.

Nike has brought its “community store” concept to California, opening a 19,000-sq.-ft.-plus location in East Los Angeles.