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Real Estate

  • PREIT adds key tenants to premier malls

    Philadelphia -- Shopping center owner PREIT said that it will add several key – and some first-to-market – tenants to several of its upscale malls.  

    At Cherry Hill (New Jersey) Mall, new tenants include lululemon athletica, Tumi, and e.l.f. studio; Primark will open in 2016 at Willow Grove (Pennsylvania) Park; and Garage will open at Woodland Mall, in Grand Rapids, Michigan.

  • DJM to dispose of seven RadioShack industrial properties

    Woodbury, N.Y. -- DJM Real Estate, a division of Gordon Brothers Group, has been retained by RadioShack Corporation to handle the disposition of seven owned industrial properties. These properties are located in Texas, California, Iowa and North Carolina.

    DJM will be offering the properties for immediate sale, and can be purchased individually or in any combination, subject to U.S. Bankruptcy Court approval.

  • Five Below now open in Kentucky

    After opening its first stores in Alabama this month, tween and teen retailer Five Below is taking Kentucky off its expansion list next, with new stores there opening this week.

    "Entering Louisville is an important next step as we continue to grow our footprint across the country," said Joel Anderson, CEO of Five Below. "We're excited to serve new customers in this dynamic city. Kids and parents looking for a fun place to shop for trend-right, high quality products at a great value will surely enjoy Five Below."

  • Dick’s Last Resort to open first Ohio location

    Columbus, Ohio - Nationwide Realty Investors has announced that Nashville, Tennessee-based Dick’s Last Resort will open its first Ohio location in the Arena District in summer 2015. Dick’s Last Resort will occupy 7,300-sq.-ft. in the first floor of a building adjacent to Nationwide Arena and will include an outdoor patio with seating for more than 130 people

  • Report: Versa Capital wins Wet Seal bankruptcy bid

    Foothill Rach, Calif. – A winning bidder has reportedly emerged for the assets of The Wet Seal Inc., which declared bankruptcy in January 2015. According to the Wall Street Journal, Versa Capital Management LLC will take over at least 140 store leases and invest $10 million in the specialty apparel chain.

  • New hub designed to fuel growth for CST Brands

    CST Brands is celebrating the grand opening of a new distribution center that aims to fuel its ambitious expansion plan in Texas.

    The new 365,000-square-foot warehouse will serve as the main distribution hub for food and merchandise for about 600 Corner Store locations across Texas.

  • Publix to anchor Trinity Lakes center

    St. Petersburg, Fla. - Publix will anchor the Shoppes at Trinity Lakes, a 76,000-sq.-.ft center located in Trinity, Florida. The 45,600-sq.-ft. Publix joins three other tenants who have already signed leases at the center: Haircuttery, Majik Touch Cleaners, and China Wok, each of which will occupy 1,200 sq. ft.

  • California mall operator rejects $22 billion Simon bid

    Santa Monica, Calif. – Macerich Co., a California-based mall operator whose properties include Tysons Corner Center in Tysons Corner, Virginia, has rejected a hostile $22 billion takeover bid from Simon Property Group Inc. Macerich has publicly stated it thinks the deal undervalues its portfolio and growth opportunities.

    "It is truly disappointing Macerich would not even meet to discuss our proposal," said Simon Property CEO David Simon. "Macerich's rejection is based on a rosy view of its future prospects."

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