Real Estate

City Of Commerce, Calif. — 99 Cents Only has announced the opening of two new stores. The retailer will open an 18,960o-sq.-ft. store in McAllen, Texas, and an 11,685-sq.-ft. store in Laveen, Ariz. The grand opening of each store will feature the sale of Westinghouse Flat Screen TVs for only 99 cents each to the first nine customers in line to visit the store.

Both stores will feature a perishable food department, including produce, dairy and frozen foods.
 

Pittsburgh – Dick’s Sporting Goods is opening three new stores. The stores are located at the Lakeshore Mall in Gainesville, Ga., the Epps Bridge Center in Athens, Ga., and a remodeled store in Leawood, Kan.

Whole Foods Market’s core values of local, natural and environmentally responsible commerce are showcased in its store in downtown Detroit. The 21,506-sq.-ft. store, the retailer’s first location in the Motor City, features lower pricing and combines its signature organic and locally-made/grown goods with a larger selection of private-label items and frozen and prepackaged foods.

Irvine, Calif. — LA Fitness has announced that it will open its fourth location in San Antonio. Construction of the 45,000-sq.-ft club will begin in the spring of 2014. LA Fitness has over 45 locations throughout Texas, concentrated in the Dallas/Fort Worth and Houston areas.

When complete, the new LA Fitness will create approximately 50 new full-time and part-time jobs.

Indianapolis — Simon Property Group has received recognition for its sustainable efforts.

First, SPG has been named to the 2013 CDP Global 500 Climate Disclosure Leadership Index (CDLI). The annual index highlights FTSE Global 500 companies that demonstrate leadership through disclosure of information regarding climate change and score within the top 10% of the five hundred companies assessed. This is SPG’s fifth CDLI award and its third due to top score on disclosure of green house gas emissions and energy use.

Southeastern Grocers, parent company of Bi-Lo and Winn-Dixie supermarkets, has filed a registration statement on a proposed initial public offering.  

The shares are expected to be offered by Southeastern Grocers, and the number of shares to be offered and the price range for the offering have not yet been determined.

Citigroup, Credit Suisse and Deutsche Bank Securities will act as representatives of the underwriters for the offering, and, together with William Blair and Wells Fargo Securities, will act as joint book-running managers for the offering. 

Columbus, Ohio – DSW Inc. will open new stores in Baltimore and in Lafayette, La. on Oct. 3.

The Baltimore store will be located at 3501 Boston Street and the Lafayette store will be located at 609 Settlers Trace Blvd. Customers will be able to participate in the DSW Rewards loyalty program and also participate in the DSW Shoe Lover community on Facebook to receive exclusive offers and giveaways.

San Francisco — Investment and management firm Jamestown has acquired Ghirardelli Square, a 100,394-sq.-ft. lifestyle and entertainment-oriented retail complex located at San Francisco’s Fisherman’s Wharf for an undisclosed sum. The retail portion of the asset was 55 percent leased at the time of the sale, which includes the Ghirardelli Square Chocolate Company’s U.S. flagship location and numerous boutique shops and restaurants.