Real Estate

Virginia Beach, Va. — Free People has signed a lease for 3,200 sq. ft. at the Town Center of Virginia Beach. The retailer plans to open its doors in the fourth quarter of 2014.

Fort Worth, Texas — Trademark Property Co. is managing the major expansion and renovation of Saddle Creek in the Memphis, Tenn., suburb of Germantown.

Demolition has commenced on 20,000 sq. ft. of existing space on the southwest side of Poplar Avenue and West Street, with work scheduled to begin soon on 40,000 sq. ft. of new retail space for that area.

Philadelphia — Urban Outfitters has opened a “lifestyle center” store,  in Manhattan’s Herald Square neighborhood. The 57,000-sq.ft. store is the brand’s largest location to date, and its13th store in New York City. It includes such extras as a hair salon, bookshop, coffee bar and photography shop that lets shoppers print their photos from Instagram.

Houston — Mattress Firm Holding Corp. has completed its acquisition of the mattress specialty retail assets and operations of Mattress Liquidators, Inc., which operates Mattress King retail stores in Colorado and BedMart retail stores in Arizona.

Fremont, Calif. — The Men's Wearhouse has extended its all-cash tender offer for $65 per share for all of the currently outstanding shares of common stock (including associated stock purchase rights) of Jos. A. Bank to June 19, 2014, unless further amended.  The tender offer was previously set to expire on June 5, 2014.

Cincinnati, Ohio — Phillips Edison & Co. has appointed Robyn Capuano Hays senior leasing director for The Shoppes at Parma, a $70 million redevelopment of the former Parmatown Mall, currently underway in Parma, Ohio, not far from Cleveland. The project includes an enclosed shopping mall, power center, strip center, outparcels, restaurants, and office space.

New York -- Barnes & Noble Inc. is teaming up with Samsung Electronics America to develop a new Nook tablet. The co-branded devices will combine the Nook software with Samsung’s Galaxy Tab 4 hardware, creating full-service tablets that also can access Barnes & Noble’s collection of more than 3 million books, magazines and newspapers, according to a statement.   

Persistent winter weather took a bite out of Stein Mart’s net income in the first quarter, but the retailer rallied once the weather improved. It closed the quarter with total and comparable-store sales increases, and the upward trend has continued through May.

The company reported total sales for the four-week period ended May 31 of $109.6 million, a 2.2% increase over total sales of $107.3 million for the four-week period ended June 1 last year. Comparable store sales for the month increased 0.4% from comparable store sales for the same month last year.