Real Estate

New York — Juice press has announced plans to open five new locations in New York City in the spring and summer of this year. The locations include Chinatown, Tribeca, Midtown, Bridgehampton and the World Financial Center.

The new locations will bring the juice press total to 19.

Canton, Mass. – Dunkin’ Donuts has entered multi-unit store development agreement with five existing franchise groups to develop 22 new restaurants throughout the Greater Baltimore/Washington, D.C., area over the next several years. The five franchise groups and their development plans include:

• Existing franchisee Arun Mandi plans to develop eight restaurants throughout Washington, D.C., and Virginia. Mandi currently operates 28 locations in Delaware, New Jersey, and Pennsylvania. His next restaurant is planned to open in 2015.

Plano, Texas – J.C. Penney Company has entered into a new partnership to develop the vacant land around its Plano, Texas, home office in the Legacy Business Park. The new partnership will be managed by Team Legacy, a venture of the Karahan Companies, Columbus Realty, and KDC.

City of Commerce, Calif. – 99 Cents Only Stores is opening three new stores on Thursday, Feb. 13. The stores are located in Scottsdale, Ariz., Carson, Calif., and Humble, Texas.

The Scottsdale store is approximately 14,000 sq. ft., the Carson store is approximately 17,000 sq. ft. and the Humble store is approximately 12,000 sq. ft. All three will feature a perishable food department, including produce, dairy and frozen foods.

Seattle -- Nordstrom announced plans to close it's store in Lloyd Center Mall, Portland, Ore., and its store in Vancouver Mall, Vancouver, Wash. Both locations will close in January 2015.

"This was a tough decision to make because we've been doing business in Lloyd Center and Vancouver Mall for a long time and we care about the community, our customers and our employyees here," said Ed Nordstrom, president of stores.

Edmonton, Canada -- Sport Chek on Wednesday opened an 80,000 sq.-ft. flagship in Canada's West Edmonton Mall. The store is designed to offer a personalized shopping experience that connects consumers to the sports they are passionate about.

The space includes 800 screens that display product images, promotions and local sports information. It features over 1,200 sq. ft. of digital projection.

Oklahoma City -- Hobby Lobby announced it will open 70 stores throughout the United States in 2014, for a total of 625 locations nationwide.

The arts and crafts retailer said that as part of its expansion it will enter the states of Vermont and Oregon this year.
 

New York -- Seattle-based Nordstrom plans to open a Nordstrom Rack at Christiana Fashion Center in Newark, Del. The approximately 35,000-sq.-ft. store, which is scheduled to open in fall 2015, is the company’s first Rack location in the state.

The single-level, newly built Nordstrom Rack is located at the intersection of Interstate 95 and Route 1, adjacent to Christiana Mall and will be surrounded by a strong tenant mix.

Tampa, Fla. — RMC Real Estate Services recorded a transaction volume of $79.5 million in 2013, encompassing 1.4 million sq. ft. within its RMC Property Group and RMC Ross Realty divisions. Leasing activity included 279 transactions, encompassing 905,000 sq. ft., valued at a total of $49.1 million. Investment activity closed 20 deals for $30.4 million, spanning 532,000 sq. ft.