Real Estate

New York -- Fast Retailing Co., parent to the Uniqlo chain, reported Thursday that net income for the fiscal first quarter jumped 17% to $644.3 million, boosted by strong same-store sales at Japan Uniqlo units.

On Wednesday, the company announced that Uniqlo will continue its U.S. expansion strategy by opening two new mall locations in New York.

The company has raised its annual profit forecast.

Philadelphia -- Destination Maternity Corp. said it is opening its first Destination Maternity store in Canada on Thursday in Calgary, Alberta, at the Kingsland Village retail development.

The store will debut its A Pea in the Pod brand in Canada.

Minneapolis -- Supervalu Inc. announced Thursday that it has reached a deal to sell its Albertsons, Acme, Jewel-Osco, Shaw's and Star Market stores and related Osco and Sav-on in-store pharmacies to a private equity group in a transaction valued at $3.3 billion.

AB Acquisition, a consortium of investors led by Cerberus Capital Management, will get 877 stores across the various banners in the deal. The investor group also includes Kimco Realty Corp., Klaff Realty LP, Lubert-Adler Partners and Schottenstein Real Estate Group.

NEW YORK — Value priced apparel and accessories retailer Uniqlo continues its U.S. expansion with the opening of two stores in the Northeast.

The global clothing retailer is strengthening its toehold on the Northeast with two new stores opening at Palisades Center in West Nyack, N.Y., and Westchester’s Ridge Hill in Yonkers, N.Y., by spring 2013.

NEW YORK — A major renovation may be underway at Lululemon’s flagship store in Manhattan, but the fast growing retailer isn’t missing a beat.

The Vancouver, B.C.-based operator of 201 stores has set up a temporary store at 1142 Third Ave., across from its flagship location to satisfy the New Yorkers’ needs while the four-month renovation is underway.

Seattle -- Nordstrom announced plans to open two new Nordstrom Rack stores, with one in Atlanta, at the Perimeter Expo shopping center, which is owned by Kimco Realty Corp., and the other in Naples, Fla., at The Mercato.

The 36,000-sq,-ft. Atlanta store is scheduled to open in fall 2013. The 30,000-sq.-ft. Naples store is scheduled to open in fall 2013.

Old Bridge, N.J. -- Construction and leasing are now under way on Woodhaven Plaza, a new neighborhood shopping center in Old Bridge, N.J.

New York -- Uniqlo, a division of Japan’s Fast Retailing Co., will continue its U.S. expansion strategy by opening two new mall locations, at Palisades Center in West Nyack, N.Y., and Westchester’s Ridge Hill in Yonkers, N.Y. Both stores are slated to open in spring 2013.

At 24,000 total sq. ft., the Uniqlo store in Palisades Center will open in early March. (Palisades Center is the eighth largest mall in the nation.)

New York -- Canadian yoga apparel retailer lululemon athletica will open a four-month pop-up location on Third Ave., between 66th and 67th Streets in Manhattan, according to Douglas Elliman's Retail Group.
 
The former site of a Uniqlo pop-up shop, the space is on a block-front shared by Thierry Rabotin, Bare Escentuals, Caché, Canyon Beachwear and Arden B.

The retailer’s flagship, located across the street from the pop-up site, is currently being renovated, and the temporary location will ensure a continued presence.

Fort Worth, Texas -- Columbus, Ohio-based Glimcher Realty Trust announced Monday the acquisition of University Park Village, an open-air center located in Fort Worth, Texas.

The 173,220-sq.-ft. center is 97% occupied, generates sales of more than $800/sq. ft., and is tenanted by Apple, Anthropologie, J. Crew, Lululemon Athletica and Madewell, among others.

Glimcher purchased University Park Village for $105 million.