Real Estate

Davenport, Iowa - Von Maur announceed that its newest store, located at the Iowa River Landing in Coralville, Iowa, will open on July 27, 2013.

The 80,000-sq.-ft., free-standing brick store will feature Von Maur's signature exterior entrance and residential ambiance, along with an expansive open floor plan and larger departments that are designed to allow for greater product selection and more easily navigable aisles and common areas.

San Francisco - Converse has opened its first Northern California location — and its largest store to date — in San Francisco’s Union Square shopping district. With 8,200 sq.ft. of selling space, the store offers a comprehensive assortment of Converse footwear, apparel and accessories, along with an interactive personalization process for designing one-of-a-kind Converse sneakers and clothing.

Minneapolis - Target announced plans to open new stores in Fresno and Rocklin, Calif., in March 2014.

The Fresno store will be part of the Marketplace at El Paseo shopping center. The Rocklin store will be part of the Rocklin Commons shopping center.

The Fresno Northwest store will be approximately 140,000 sq. ft.

Atlanta - Spanx, the fast-growing dollar undergarment and apparel company, will open a custom designed, expanded company headquarters and a flagship store in Buckhead Atlanta, a major mixed-use project in the heart of the area’s business district. (The project, now under construction, was initially called Streets of Buckhead.)

The headquarters will occupy three floors, a rooftop garden terrace and additional balconies. Spanx is anticipated to move in November 2014.

Randy Dewitt

CEO,

Front Burner Restaurants

HEADQUARTERS: Addison, Texas

TYPE OF BUSINESS: Casual-dining (Twin Peaks)

NUMBER OF UNITS: 36 Twin Peaks restaurants in 16 states

Washington, D.C. -- Shake Shack has opened a new restaurant in Washington, D.C.’s Historic Row in The International Spy Museum, which is owned by Douglas Development Corp.

The 3,200 sq. ft. Shake Shack is the chain’s third Washington, D.C., restaurant.

Minneapolis -- The Opus Group has completed construction of a 42,300-sq.-ft. store for outdoor retailer Gander Mountain in Tuscaloosa, Ala.

Opus also constructed the Gander Mountain store in Valdosta, Ga., and provided construction management services for the store in Opelika, Ala. In addition, the retailer has awarded Opus a contract for a 45,600-sq.-ft. store in Albany, Ga.

Philadelphia -- Madewell, a J. Crew concept, has signed its first lease in Center City Philadelphia, according to broker Fameco Real Estate. The 4,000 sq.-ft. store will be located near Rittenhouse Square. Neighboring retailers include Intermixx, Burberry, Athleta and Blue Mercury. Fameco and Open Realty Advisors both represented Madewell in the transaction.

Both brokers are also representing searching for a 2,500-sq.-ft. location for J. Crew Men on Walnut Street in Philadelphia.

Boucherville, Quebec - Canadian home improvement retailer Rona Inc. is closing 11 non-profitable stores as part of a broader restructuring plan. Rona will also reduce administrative, marketing, merchandising and distribution expenses and eliminate 125 administrative jobs. In February 2013, Rona cut 200 jobs.

Rona rejected an unsolicited $1.72 billion USD buyout offer from Lowe’s in August 2012.