Real Estate

Leawood, Kan. -- Glimcher Realty Trust announced that it will rename One Nineteen as Town Center Crossing. Glimcher and the owners of One Nineteen and Town Center Plaza will rebrand both centers with new logos, new signage and a shared property directory.

“Our hope by rebranding the properties is to create the Town Center district, marking one of the best retail areas outside of Kansas City,” said Marshall Loeb, president and COO, Glimcher Realty Trust.

Jackson, Miss. -- WS Development announced that Whole Foods Market broke ground in early November on a new 31,000-sq.-ft. store at Highland Village in Jackson, Miss., marking the grocer’s debut in the state.

The new store will open in 2013, joining about 50 shops and restaurants at the 220,000-sq.-ft. mixed-use center, such as Mason Weiss, Talbots, Whitehead Street Clothiers, and Albriton's Jewelers.

Indianapolis -- Simon Property Group said that St. Louis Premium Outlets, located in Chesterfield, Mo., has moved up its opening date to Aug. 22, 2013, and will be joined by Nike, Cole Haan, Converse, Gymboree, Adidas, Wilsons Leather and Claire's Accessories.

Other previously announced tenants include anchor Saks Fifth Avenue Off5TH, Ann Taylor, BCBGMAXAZRIA, Brooks Brothers, Elie Tahari, J.Crew, Jones New York, Loft Outlet, Max Studio, Tommy Hilfiger, Van Heusen and Vera Bradley.

Tommy Bahama has dropped anchor in Manhattan, opening a 13,000-sq.-ft. flagship on Fifth Avenue. It’s the island-inspired brand’s first store in the Big Apple, and also its biggest location to date, with 5,000 sq. ft. of retail, along with a 1,300-sq.-ft. bar on the first floor, and 6,700-sq.-ft. restaurant on the second floor.

New York -- Average asking rents on Lower Fifth Avenue in Manhattan rose 13% since the spring of 2012 to $1,021 per square foot (psf) and are up 51% since the same period in 2011, according to The Real Estate Board of New York (REBNY’s) Fall 2012 Retail Report. The study revealed continued signs of improvement in the Manhattan retail market, with high demand and limited availability, which significantly drove up asking rents especially in the most prominent shopping corridors

Chicago -- Englewood Construction has announced that the firm’s Retail Group recently completed work on the nation’s first Spanx store, and also completed the first American Girl store in the Florida market.

At Tyson’s Corner Center in McLean, Va., just outside of Washington D.C., Spanx opened its first retail location in the U.S.

New York -- Best Buy is open to considering a lowered bid from founder Richard Schulze, according to the New York Post.

The report, citing sources close to the company, suggested the chain is now open to a bid of around $20 per share.

ROSWELL, Ga. — Dick’s Sporting Goods is looking at increased competition in its core Northeastern markets as PGA Tour Superstore prepares for the grand opening of its first retail location in Paramus, N.J.

The 57,000-sq.-ft. store will open its doors Wed., Nov. 21, and offer a wide selection of golf merchandise and apparel, including more than 15,000 golf clubs and 10,000 pairs of shoes for every level of golf and tennis enthusiast.

New York -- Papyrus opened its 18th store in New York City, in the Time Warner center.

The 1,500-sq.-ft.-shop features the retailer’s “Hummingbird” design that is featured in 183 stores in the United States.

Birmingham, Ala. -- Hibbett Sports reported Friday that net income for the quarter ended Oct. 27 climbed 18.8% to $19 million, compared with $16 million in the year-ago period.

Sales rose 9.6% to $202.9 million, and same-store sales increased 6.4%.

The sporting goods retailer said it is on track to open 57 to 60 new stores in fiscal 2013, expand approximately 17 high-performing stores, and close up to 18 stores.