Real Estate

New York -- Caribou Coffee will close some 80 stores nationwide and turn 88 other locations into Peet's over the next 12 to 18 months, the Chicago Tribune reported.

Caribou, which is based in Minneapolis, went private this year in a $340 million deal with German investment firm Joh. A. Benckiser Group (JAB), which also owns Peet’s.  

Seattle -- Nordstrom said Monday it will open a new namesake department store in Toronto in fall 2016, making its foray into the country a two-store debut.

The three-story, 188,000-sq.-ft. store planned for Toronto's Yorkdale Shopping Centre will join a previously announced, smaller store in the city's Sherway Gardens mall.

Dallas -- 7-Eleven announced Monday it has closed on the acquisition of 46 Hickory Point and Palms Stores from CB Mart.

While the terms of this particular deal haven’t been made public, the acquisition boosts 7-Eleven’s Carolinas store count to more than 100 and puts the c-store operator solidly on track to continue its accelerated growth plan. 7-Eleven earlier acquired 55 Sam’s Mart and 13 Fast Track stores in the two-state area.

San Bernardino, Calif. -- Stater Bros. announced Monday the construction start to its newest and most modern supermarket, slated to open in the Redlands Village Shopping Center — a grocery-anchored center being developed by Upland, Calif.-based Lewis Retail Centers in San Bernardino, Calif.

The 44,000-sq.-ft. store will replace a nearby store that is half that size. The larger format will allow wider aisles, outdoor seating and a variety of departments and amenities, and is slated to open in September.

Phoenix -- Leslie’s PoolMart will mark the grand opening of five retail locations on April 12. The stores are in Gold Canyon, Ariz., Madera, Calif., Torrance, Calif., West Springfield, Mass., and Magnolia, Texas.

In total, Leslie's plans to open 48 new stores this year between March and May. With these new stores and its recent acquisition of 24 Warehouse Pool Supply stores in the Houston area, Leslie's will bring its total store count to more than 800 stores nationwide.

Chandler, Ariz. -- Simon Property Group announced Friday that it opened Phoenix Premium Outlets, the upscale outlet shopping center serving the Greater Phoenix and Scottsdale areas.   
 

Henderson, Nev. -- One of Southern Nevada’s largest shopping centers is set to undergo a $7 million renovation, its largest since it opened in 1996. According to mall owner, Cleveland-based Forest City Enterprises, construction is scheduled to begin early April and is slated for completion in the fall.

Boutique Talulah will join H&M in the newly renovated mall. Bath & Body Works and Express stores will relocate to new locations inside the center.

New York -- Gander Mountain will open Gander Mtn. Firearms Super Center in Rogers, Minn., in late April. It will be the company's 12th store in the state, but its first dedicated to firearms.

Gander Mtn. Firearms Super Center will buy and sell a huge selection of used firearms and is staffed by firearms specialists on duty to give shoppers more one-on-one service.

New York -- Century 21 Department Store will unveil its expanded flagship location in downtown Manhattan on April 9. The retailer has added three new selling floors, for a total of six floors and over 225,000 sq. ft. of shopping.

ST. PAUL, Minn. — Gander Mountain will open Minnesota's first Gander Mtn. Firearms Super Center in Rogers. in late April. It will be the company's 12th store in the state.