Real Estate

Burlington, Mass. — Big Lots has signed a lease for 31,000 sq. ft. at Wonderland Marketplace in Revere, Massachusetts. KeyPoint Partners represented the landlord in the transaction.

Wonderland Marketplace is a 135,000-sq.-ft. shopping center anchored by Marshalls and Staples. In line tenants include Hair Cuttery, Ninety-Nine restaurant, and the U.S. Post Office. The Big Lots space is in a former Stop & Shop. Another 33,687 sq. ft. is available for lease in that building.

At a time when sluggish-to-modest industry numbers have seemingly become the norm, and a protracted economic recovery inches forward, the recent spate of seemingly good retail and economic news has industry analysts and observers like myself raising a collective eyebrow.

For a couple years now, outlet centers have been moving from the outskirts of cities closer and closer to downtown. Howard Hughes Corp.’s Outlet Collection at Riverwalk is the first to make it all the way downtown — into the center of the newly rebuilt New Orleans.

Slated to open on Memorial Day weekend, the former 200,000-sq.-ft. Riverwalk Marketplace has expanded into a 250,000-sq.-ft. outlet center following a $70 million redevelopment.

New Albany, Ohio – Abercrombie & Fitch Co. reportedly plans to open 100 new stores under both its marquee and Hollister banners in China. According to China Daily, Abercrombie seeks to expand its presence in China during the next 10 years, and will also open a dedicated Chinese e-commerce site.

St. Petersburg, Fla. — On the eve of RECon 2014, The Sembler Co. is gunning its development, property management and acquisition motors. The company has more than 2.8 million sq. ft. in various stages of ground-up development. Its leasing and retention rates are at the highest levels in years. And the company’s acquisition program is active as well.

On the development side, Sembler and partner Lennar Commercial are in the predevelopment stage of an 800,000-sq.-ft. regional shopping center called Town Madison in Madison, Alabama.

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San Antonio – Convenience store operator CST Brands plans to open 38 new stores in North America during fiscal 2014. That includes 30 new stores in the U.S. and eight in Canada.

Sioux Falls, S.D. – A retail center is being planned for Sioux Falls, South Dakota. According to the Argus Leader, preliminary plans for the Market at Canyon Creek Development include two 17,000-sq.-ft. retail buildings and include a drug store, three restaurants and a bank.

Owner RMB Associates hopes to have the site developed by 2016. A Get N Go convenience store is also planned for the northeast corner of the site, which is owned by Olson Oil Co.

 

Seattle -- Outdoor garments and accessories outfitter C.C. Filson Co. has opened its first retail store on the East Coast, in downtown Manhattan.

The approximately 1,800 sq.-ft. store sells the company’s signature luggage, leather accessories, apparel and iconic outerwear, and also is the first Filson location to offer its new line of camera bags, developed in collaboration with Magnum Photos.

 

Bialow Real Estate is a full-service real estate consulting firm dedicated to servicing the needs of retailers — local, regional and national retailers. Bialow provides all of the traditional functions of an internal real estate department including strategic planning, market analysis, site selection, lease negotiations and coordination of the fit out or construction process on through to store opening.