Real Estate

Bentonville, Ark. -- Wal-Mart Stores said Friday that its new store in Portland, Ore., will feature the state’s largest green roof.

According to a report by Oregon’s Daily Journal of Commerce, the 90,000-sq.-ft. store, which broke ground Friday in North Portland, will be topped by a 40,600-sq.-ft. green roof, surpassing by more than 10,000 sq. ft. the current largest green roof over the Ramona apartment complex in Portland.

Norwalk, Conn. -- GE Capital said Friday that it is serving as administrative agent on a $150 million senior secured credit facility to support the combination of Golf Town and Golfsmith, owned by parent company Golfsmith International. 

GE said the credit facility will be used to support working capital and to refinance existing debt.
 
"GE Capital structured the financing that will enable us to make … our ongoing operations a success," said Sue Gove, president and COO of Golfsmith International. 

Woodland Hills, Calif. -- LandMark Retail Group said it has completed the development of two CVS/Pharmacy stores in California – in Bakersfield and Palmdale.

The Bakersfield store will be located in the newly developed Grand Island Village Shopping Center, a 90,000-sq.-ft. neighborhood center home to Chevron, Republic Bank and other small tenants.

The Palmdale store is located in a Vallarta-anchored neighborhood shopping center and offers a drive-thru pharmacy.

Conshohocken, Pa. -- Pet Supplies Plus has signed leases for three new stores in the Delaware Valley, totaling more than 26,000 sq. ft.

An 8,700-sq.-ft. store will open at Greentree Square Shopping Center in Marlton, N.J.; a 9,800-sq.-ft. store will open at Doylestown Pointe in Doylestown, Pa.; and a7,650-sq.-ft. location will open at The Shops at Blue Bell in Blue Bell, Pa.

All three stores are slated to open prior to year’s end.

Lynnwood, Wash. -- Zumiez Inc. reported Thursday that net income for the quarter ended July 28 slipped to $2.1 million, from $2.6 million in the year-ago period, largely due to costs associated with its acquisition of Blue Tomato.

Revenue surged 20.4% to $135.1 million from $112.2 million, which includes contributions from Blue Tomato. Same-store sales increased 9.5%.

The company said it is on track to open 50 new stores in fiscal 2012, including up to 10 stores in Canada.
 

Baldwin Park, Calif. -- NewMark Merrill Cos. announced that three new tenants have joined Park Plaza on Maine, located in Baldwin Park, Calif., joining Superior Grocers, CVS, O’Reilly Auto Parts, Chase Bank, El Pollo Loco, GNC and Bank of America.

Menchie’s Yogurt signed a five-year lease for a 1,586-sq.-ft. location; LA Eyebrow signed a five-year lease for a 1,220-sq.-ft. space; and Family Dollar signed a lease for the approximately 9,000-sq.-ft. space next door to Superior Grocers.

Delray Beach, Fla. -- Indianapolis-based Kite Realty Group said that Francesca’s Collections has leased 1,200 sq. ft. at Delray Marketplace, located in Delray Beach, Fla. 

The center will open November 2012 and will be anchored by Publix and Franks Theatre/Imax. The 264,823-sq.-ft. Delray Marketplace is owned by KRG Atlantic Delray Beach, LLC. Other tenants include ROC, White House | Black Market, Apricot Lane, Bobby Chan, Jos. A. Banks, Charming Charlie and Chico’s.

Wilmington, N.C.  -- Brixmor Property Group said that Rent-A-Center recently expanded from 3,200 sq. ft. to 4,800 sq. ft. at University Commons, located in Wilmington, N.C.

Brixmor, based in New York City, is the owner of University Commons.

Boston -- CBRE/Grossman Retail Advisors said that Nordstrom will open a new Nordstrom Rack at The Newbry in Boston’s Back Bay neighborhood, further expanding its presence in the Boston market to four full-line stores and four Nordstrom Racks.

The approximately 38,000-sq.-ft., two-level store is scheduled to open spring 2013.
 

Virginia Beach, Va. -- Divaris Real Estate said that the company completed eight lease transactions totaling more than 81,000 sq. ft. of retail space in central Virginia.

Children’s Museum of Richmond leased 26,060 sq. ft. of retail space in the Divaris-leased Winterpock Crossing Shopping Center, located in Midlothian, Va.

K&G Menswear signed a lease for 22,888 sq. ft. of retail space in White Oak Village, located in Richmond and owned by Forest City Commercial Group.