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Real Estate

  • DSW acquires corporate headquarters and Columbus DC

    Columbus, Ohio -- DSW Inc. announced Thursday the acquisition of 810 AC LLC, which owns the corporate headquarters of DSW, as well as its 700,000-sq.-ft. distribution center and trailer lot on its home office campus in Columbus, Ohio.

    Purchase price was $72 million.

    The company recently completed the $15 million installation of an automatic sortation facility in the distribution center to support its size replenishment program.

     

  • Costco October sales up 9%

    ISSAQUAH, Wash. — Costco's sales for October rose 9% to $7.67 billion from $7.01 billion during the similar period last year.

    Total comps for the month increased 7%, consisting of a 7% increase in the United States, and a 9% increase internationally. Excluding the impact of fuel, U.S., international and total same-store sales increased by 5% each.

  • First new outlet center in California since 2001 to open Nov. 8

    Livermore, Calif. -- Paragon Outlets Livermore Valley, the first new outlet center to open in California since 2001, will hold its grand opening weekend celebration Nov. 8 through Nov 11.

    Developed by Paragon Outlet Partners, a commercial real estate development firm headquartered in Baltimore, the $150 million, 543,000-sq.-ft. outlet center will feature 130 leading designer and top brand name stores.

  • Nordstrom Rack relocating to Westfield Culver City

    Seattle -- Nordstrom announced that it plans to relocate its Nordstrom Rack at Promenade at Howard Hughes Center in Los Angeles to Westfield Culver City in Culver City, Calif.

  • Exclusive CSA Series: Small retailer, big plans

    New York -- Chainstoreage.com has launched a new case study series examining the ins and outs of building a chain. Fast-casual brand Pizza Rev – with two units and counting – will chronicle the challenges and opportunities encountered as they grow the California-based chain nationwide.

  • Lids to acquire retail stores from Fanatics

    Indianapolis -- Lids Sports Group announced Wednesday that its retail division will purchase 12 stores from Fanatics Inc., comprised of nine FansEdge locations in the Greater Chicago area as well as one in Oklahoma and two Football Fanatics in Jacksonville, Fla.



    The locations will be rebranded under the Locker Room by LIDS retail banner, to include region-specific storefronts such as Chicago Locker Room and Oklahoma Locker Room.  

  • Mid-America signs 8 restaurants in Greater Chicagoland

    Oakbrook Terrace, Ill. -- Mid-America Asset Management Inc. said it has signed eight restaurant leases Greater Chicagoland shopping centers that the company represents. The leases total more than 42,000 sq. ft.

    For Dempster Plaza in Niles, Ill., Mid-America leased 9,600 sq. ft. to Asia restaurant Niles Buffet, which will open in a former Old Country Buffet space in March 2013. The 180,000-sq.-ft. center is anchored by Home Depot, Portillo's and Jewel/Osco.

  • Go! Calendars/Go! Games to open seasonal store at Jamestown

    Alameda, Calif. -- Jamestown L.P., which owns Alameda (Calif.) South Shore Center, said that Go! Calendars/Go! Games has signed a four-month lease for a 2,356-sq. ft. space, beginning Oct. 1.

    The company operates a year-round online store, but opens approximately 1,000 storefronts in malls during the holiday season.

    The 594,000-sq.-ft., open-air Alameda South Shore Center offers a pop-up leasing strategy to accommodate temporary tenants, including Go! Calendars/Go! Games and, most recently, Pedal Beach, a beach rental and supply store.

  • Deal$ to open 10,000+-sq.-ft. store on West 145th Street

    New York -- Winick Realty Group said that discount chain Deal$ has signed a lease for 10,624 sq. ft. at 301 West 145th St., located on the southeast corner of Frederick Douglass Boulevard.

    The store, which is scheduled to open in spring 2013, sits at the base of The Langston Condominium, a sold-out, 179-unit luxury residential building that already houses retail tenants such as Bank of America, Starbucks and New York Sport Club.

    Deal$ is an affiliate of Dollar Tree Stores.

     

  • Jo-Ann Fabrics & Crafts to open at Cayuga Mall

    Ithaca, N.Y. -- Brixmor Property Group announced that Jo-Ann Fabrics & Crafts will open a new store in an 18,350-sq.-ft. space at Cayuga Mall in Ithaca, N.Y.

    Brixmor, based in New York City, is the owner of Cayuga Mall.

     

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