Real Estate

Herndon, Va. -- Salon Plaza has leased a 7,659-sq.-ft. endcap space next to McAlister’s Deli at Worldgate Centre in Herndon and plans to open in fall 2014. This will be the salon chain’s 21st location nationwide.

Kristin Perry of Rappaport represented the landlord in the transaction. Worldgate Centre features an AMC Theatre and fitness club Sport and Health. Co-tenants include TGI Friday’s, Starbucks, Tara Thai, FedEx Kinkos, Vocelli Pizza and Cold Stone Creamery.

 

Menomonee Falls, Wis. – Kohl’s Corp. had a relatively flat second quarter of fiscal 2014 compared to the same period the previous year. Net income slightly rose to $232 million from $231 million, while sales fell 1% to $4.24 billion from $4.28 billion.

Same-store sales dropped 1.1%, although Kohl’s said they turned positive in July. Kohl’s plans to open four new stores in fall 2014, including one store which was temporarily closed in the first quarter for a complete re-build.

Amazon plans to open a fifth California fulfillment center in Redlands. Since opening its first fulfillment center in the state less than two years ago, Amazon has expanded its presence to nearly 5 million sq. ft. Amazon’s other California fulfillment centers are located in San Bernardino, Moreno Valley, Patterson and Tracy.

Gainesville, Fla. -- Hip hotel brand Hotel Indigo has inked a deal to open a 120-room boutique property at mixed-use project Celebration Pointe, in Gainesville, Florida. The InterContinental Hotel Group’s banner will bring boutique style to a neighborhood that has garnered attention for its urban style, featuring a pedestrian-friendly atmosphere, inspired architectural features and abundant green space.

Deerfield, Ill. - Walgreens is expanding its healthcare clinic retail locations with entry into the Dallas-Fort Worth market. The company plans to bring 13 healthcare clinics at select Walgreens locations to the Dallas Metroplex by the end of 2014.

New York — Retail brokerage firm Cohen Real Estate has added two new members to its brokerage team, augmenting the firm’s presence in New York City.

Guy Saban joins Cohen as investment sales broker, and will provide real estate advisory and investment services to buyers and sellers who are seeking to expand, optimize, and/or diversify their real estate portfolios.

Max Garelick joins as real estate associate, and will work alongside Cohen VP Michael Cleeman to market retail, mixed-use and multi-family properties in Manhattan.

Columbus, Ohio — Glimcher Realty Trust announced that Scott Barrett has been appointed to the role of VP development – anchor leasing. In this role, Barrett will lead the development, leasing and design activity associated with anchor, big-box and peripheral land deals across the portfolio.

Tampa, Fla. -- Burger 21, founded by the owners of The Melting Pot Restaurants, has executed its first franchise agreement in Michigan, under which a debut restaurant in Ann Arbor will open summer 2015.

Additionally, the company signed two franchise agreements for single units in Ocala, Florida, and Raleigh, North Carolina. The new deals are part of the fast-casual concept's growth strategy to expand its presence in new and existing markets nationwide.

To date, Burger 21 has 13 open locations and 25 franchised restaurants in development.