Real Estate

Carter’s recognizes two top brokers
Dallas -- SRS Real Estate Partners announced that two of its brokers have been recognized by their client, Carter’s, for bringing the two most profitable locations nationwide based on a sales-to-rent ratio.

Dawn Greiner, senior VP, and Carey Moen, first VP, both in the SRS Dallas/Ft. Worth office, helped Carter’s sign leases at the two locations. Greiner is the master broker for Carter’s and Moen is a part of the team of brokers that represent the retailer nationwide.
Vermont’s first Walmart Supercenter opens at Berlin Mall
Berlin, Vt. -- The Berlin Mall, in Berlin, Vt., hosted the grand opening of the state’s first Walmart Supercenter on Wednesday. The location was previously a 65,000+-sq.-ft. Walmart store that added 26,200 sq. ft. and full-line grocery offerings to bring the retailer’s first supercenter to Vermont.

Modell’s Sporting Goods celebrates 125 years with new store opening

New York -- Modell’s Sporting Goods will celebrate 125 years in business with the grand opening of its newest location at 1019 Montauk Highway in Shirley, Long Island, bringing the sporting goods chain’s total to 157 storefronts. The 14,000-sq.-ft. Southport Shopping Center location will officially open on Thursday, Oct. 23 with a ribbon cutting by president and CEO Mitchell Modell and area officials.
Construction complete on Azalea Regional Shopping Center

South Gate, Calif. -- Construction on the Nadel-designed Azalea Regional Shopping Center is now complete, bringing a new 32-acre retail hub to the city of South Gate, Calif. Located at 4635 Firestone Blvd., and owned by Primestor Development, Inc., the project includes more than 370,000 sq. ft. of retail space and 37 stores.
Cohen Commercial completes refinancing of Buttermilk Crossing

New York -- Cohen Commercial Properties has completed an $8.65 million refinancing of Buttermilk Crossing, located in Crescent Springs, Ky. The 94%-occupied, 78,012-sq.-ft. shopping center is located immediately off of Interstate 71/75. Tenants include Staples, Outback Steakhouse, Petco and The UPS Store.
Golfsmith International opens at Downtown Summerlin

Las Vegas -- Golfsmith International, the world's largest specialty golf retailer, has opened a 23,000-sq.ft. store in the just-opened Downtown Summerlin center, located outside of Las Vegas.
Mixed Use: A Mixed Bag

By Bruce Leonard and John Cumbelich
LaGuardia Airport upgrades stores in Terminal B

Queens, N.Y. -- Airport retail developer MarketPlace Development is opening new shops, restaurants and services as part of an overall plan to upgrade the Food & Shops program at Terminal B in LaGuardia Airport as planning continues on a new terminal.
Family Dollar sets Oct. 30 date for Dollar Tree vote

Matthews, N.C. -- Family Dollar Stores Inc. has set Oct. 30., 2014 as the date for stockholders to vote on a proposed merger agreement with Dollar Tree Inc. Family Dollar has not yet set the time or location of the vote.
Mattress Firm completes Sleep Train acquisition

Houston –- Mattress Firm Holding Corp. has completed its $245 million acquisition of West Coast bedding specialty retailer The Sleep Train Inc. Sleep Train operates approximately 310 specialty mattress retail stores located in California, Oregon, Washington, Idaho, Nevada and Hawaii, and reported net sales of approximately $471 million for the 2013 fiscal year.
Saks to close store in Hackensack, N.J.

New York -- Saks Fifth Avenue announced that it plans to close its Saks Fifth Avenue store in the Shops at Riverside in Hackensack, N.J. The store is expected to close in late 2014. “Closing a location is never an easy business decision. At this time, we are committed to offering support and assistance to our team affected by the closing,” commented Marigay McKee, President of Saks Fifth Avenue.
Washington Property leases to True Blue Kitchen in Bethesda center

Bethesda, Md. -- Washington Property Company (WPC) is bringing the True Food Kitchen restaurant to its latest upscale apartment development, Solaire Bethesda. Upon opening in 2016, Solaire Bethesda’s street-level retail space will be occupied by True Food Kitchen.