Real Estate

Toronto -- Canadian retailer Hudson's Bay Co. said Thursday it will shutter most of the remaining 64 Zellers stores that aren’t being converted to Target locations.

The Zellers parent sold the majority of the leases to Target Corp. last year. Many of the remaining 64 stores are expected to close by March 2013. Those that aren’t closed could potentially open under another retail banner, said Hudson’s Bay.
 

New Orleans -- New Orleans has rolled out the red carpet in order to assure the first Costco location in the state.

The city council on Thursday unanimously approved nearly $6 million in financial incentives for a planned Costco in the New Orleans suburb of Carrollton.  
 
The $45 million, 148,000-sq.-ft. Costco marks the warehouse club operator’s state debut, to reportedly be followed by a second in the capital city of Baton Rouge.

The New Orleans store is slated to open late summer 2013.
 

Moorestown, N.J. -- Philadelphia-based Pennsylvania Real Estate Investment Trust said that Kids Foot Locker has opened at Moorestown Mall, located in Moorestown, N.J.

The 2,800-sq.-ft. store is joined by such tenants as anchors Macy’s, Lord & Taylor, Sears and Boscov’s as well as specialty retailers Zumiez, Victoria’s Secret and American Eagle Outfitters and restaurants such as Pei Wei Asian Diner and Elevation Burger. The Regal Moorestown Mall Stadium 12 & Regal Premium Experience is opening in spring 2013.
 

River Forest, Ill. -- Oakbrook Terrace, Ill.-based Mid-America Asset Management said that DSW has signed a lease for 28,000 sq. ft. at River Forest Town Center in Chicago’s west suburbs.

The shoe retailer is taking space vacated by Linens ‘n Things and plans to open in fall 2012 as a new anchor joining The Children’s Place, The Loft, Chico’s, Whole Foods, Panera Bread, Petco and Walgreens.   
 

Melville, N.Y. -- Commercial real estate consulting, advisory and investment group A&G Realty Partners announced that Peter Lynch and Andrew Margolick have joined the firm as partners.

Lynch joins A&G from DJM Realty, where he was a principal and senior managing director, and Margolick was president of his own firm, ARM Consulting, as well as a former VP at Hilco Real Estate.

Boca Raton, Fla. -- Miami Beach, Fla.-based Terranova Corp. said that three new tenants will open at Polo Club Shoppes, a Publix-anchored center in Boca Raton, Fla.

Manhattan Joe’s Pizzeria will open a 753-sq.-ft. restaurant this fall; Blo and Go will open a 923-sq.-ft. salon this fall; and Hair Cuttery has opened a 1,400-sq.-ft. salon.

Wilmington, N.C. -- Madison Marquette Retail Services, which leases and manages Independence Mall – in Wilmington, N.C. – on behalf of owner Centro Properties Group, said that Gymboree Corp.’s Crazy 8 brand will open a new store at the mall this fall.

The 2,465-sq.-ft. store will join Aeropostale, The Children’s Place, Gymboree and Justice in catering to Independence Mall’s teen, tween and children’s clothing shoppers.
 

Ewing, N.J. -- North Plainfield, N.J.-based Levin Management Corp. said that Planet Fitness has opened a 17,380-sq.-ft. facility at Capitol Plaza, located in Ewing, N.J.

The 357,000-sq. ft. center is leased and managed by Levin Management.
 

New York -- Prudential Douglas Elliman's Retail Group said it has arranged the American debut of Caramel Baby & Child at 1244 Madison Avenue, between 89th and 90th Streets. 

The luxury label, which currently has stores in London and Tokyo, specializes in clothing for babies through toddlers. The newest location is on a corridor that is regarded as a center for luxury children's clothing, and home to such neighbors as Armani Jr., Jacadi, Baby Cottons, J. Crew Cuts, Pink Chicken, Brooks Brothers Children and Rachel Riley.
 

Puyallup, Wash. -- Youngstown, Ohio-based Cafaro Co. said that Torrid, Aveda, Burger Bliss and Mr. Jalapeno will open at South Hill Mall – in Puyallup, Wash. – between now and October 2012.

Torrid will open on Aug. 8 in a 2,600-sq.-ft. space, Aveda will open in 875 sq. ft. in October, and Burger Bliss and Mr. Jalapeno will open in the mall’s Food Court.

The 1 million-sq.-ft. mall is anchored by Target, Macy’s, J.C. Penney, Dick’s Sporting Goods, Sears and Regal Cinemas.