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Real Estate

  • Foot Locker, Victoria’s Secret expand at Valley Plaza Mall

    Bakersfield, Calif. — Foot Locker and Victoria’s Secret have expanded and remodeled at the 1.1 million-sq.-ft. Valley Plaza Mall in Bakersfield, Calif. Victoria’s Secret has also opened a new store for the popular PINK brand.

    The newly remodeled Foot Locker, now spanning 5,000 sq. ft., plans to introduce an exclusive department called House of Hoops. It will feature elite athletic apparel and footwear.

  • New Red Robins for Baltimore and Pittsburgh metro areas

    Greenwood Village, Colo. — Red Robin Gourmet Burgers has announced the opening of two new restaurants. The first will open in Canton Crossing, Md., and Inner Harbor location in downtown Baltimore in late September. The second will open in Monroeville, Pa., at The District at Monroeville Mall outside of Pittsburgh in early October.

  • McAlister’s Deli franchises 30 new restaurants

    Alpharetta, Ga. — McAlister’s Deli, a fast casual restaurant, has announced its largest franchise deal so far. The Saxton Group has signed an agreement to develop 30 new restaurants in three states over the next six years in Texas, Oklahoma, Kansas, and Missouri. The primary focus will be in the Dallas-Fort Worth and Kansas City markets.

    Three locations included in the agreement have already opened in Midwest City, Okla., Dallas and Sherman, Texas.

    McAlister’s has more than 320 restaurants in 23 states.

     

  • Starbucks expands Latin America footprint, to open in Columbia

    Seattle -- Starbucks Coffee Company will enter the country of Columbia, opening a store in the first half of 2014 in Bogota. It will be operated through a joint venture between the company's Latin American franchisee, Alsea, and the food company Grupo Nutresa.

    Starbucks said it has "aggressive plans" to open locations in Bogota and other major cities throughout Colombia over the next five years.

     

  • Jones Lang LaSalle acquires Means Knaus Partners

    Chicago -- Jones Lang LaSalle announced Monday it has acquired Means Knaus Partners, a Houston-based property management company as part of the firm's expansion in third-party property management.

    The deal boosts Jones Lang LaSalle's portfolio of office space under management by 16 million sq. ft. of space with properties located primarily in Dallas, Chicago, Denver, Houston, Los Angeles, Orlando, Fla., and Tampa, Fla.

  • Publix announces North Carolina store openings as it scouts for more locations

    Lakeland, Fla. -- Publix Super Markets on Friday announced it will enter the Winston-Salem market and add a third location in Mecklenburg

    The Winston-Salem store will measure 49,000 sq. ft. and is slated to open in 2015. The Cornelius store, located in Mecklenburg County, will also encompass 49,000 sq. ft. and will feature a drive-thru pharmacy. Opening is planned for late 2014.

    Publix continues to aggressively look for additional locations throughout the state of North Carolina, the grocer said.

     

  • Walmart Canada opens first of nine Maritime supercenters

    Saint John, New Brunswick -- Walmart Canada grand-opened a 129,000-sq.-ft. superstore in Saint John, New Brunswick, on Friday, the first of nine “Maritime Supercenters” planned for the country by Jan. 31, 2014, said the retailer.

    The newly redeveloped store, which signals the launch of Walmart Canada’s Maritime sourcing program for produce, features a fresh grocery section that will serve as a prototype for all Maritime supercenters.

  • Pathlight Capital issues term loan to Birks & Mayors

    Boston -- Pathlight Capital, part of Sycamore Partners, said it will serve as the administrative and co-collateral agent on a $28 million secured term loan facility to Montreal-based jewelry retailer Birks & Mayors.

    The loan, which matures August 2018, amends an existing $18 million term loan; the Junior Capital Division of Wells Fargo Capital Finance will serve as the co-collateral agent on the facility.   

  • JLL takes on five new retail assignments

    Chicago — Jones Lang LaSalle Retail has announces five new retail assignments. They are:

    • Tenant representation services for Pure Barre, a growing fitness franchise.

    • Leasing and management for the 802,275-sq.-ft. Coventry mall in Pennsylvania.

    • Leasing assignment for an 11-building 817,000-sq.-ft. portfolio of strip centers in SoCal.

    • Leasing for a 12-building, 165,100-sq.-ft. portfolio of street-level retail space in New York City on behalf of Equity Residential Management.

  • JLL opens Honolulu office

    New York -- Jones Lang LaSalle has opened an office in Honolulu’s retail district.

    “Robust real estate fundamentals across all asset classes makes Hawaii a top locale for investors, developers and retailers,” said Kirk Horiuchi, senior VP and Hawaii retail market lead.

    Hawaii’s unemployment rate has dropped to 5% and is projected to fall further by year-end and boost consumer spending and the retail economy.

     

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