Marshalls

Two discounters came in neck-in-neck in an annual ranking of the nation’s favorite value fashion retailers.

In a buying mode, NewMark Merrill has added Placentia Town Center in Woodland Hills, California, to its expanding shopping center portfolio.

A new Marshalls location will co-anchor the Shoppes at Apple Greene in Dunkirk, Maryland, along with Harris Teeter, according to center owners Echo Realty and Marrick Partners.   The 21,000-sq.-ft. location will be Marshalls’ first in Calvert County, due south of Baltimore, where Marshalls operates two stores.   The 48,000-sq.-ft. Harris Teeter store is under construction at Apple Greene, a new 100,000-sq.-ft. center with an additional 30,000 sq. ft. available for lease.   

At a time when store closings and consolidations are dominating the headlines, understanding the underlying industry dynamics also requires paying close attention to new store openings. Brands that are expanding their footprints are providing a revealing look at how consumer shopping patterns, priorities and preferences are evolving. In turn, this shows what might be in store for the retail industry ahead.

Park West Village

Location: Cary/Morrisville, North Carolina

Size: Approximately 750,000 sq. ft.

Owner: CASTO

Key tenants: Target, T.J. Maxx, Buy Buy Baby, Ross, PetSmart, Earth Fare, Chili’s, Travinia, Hallmark, Carter’s, Gander Mountain, Stone Theatres, Chico’s, White House Black Market, ULTA, Pier 1, Charming Charlie’s, Firebirds, Blackfinn Ameripub, LOFT, Starbucks

Sierra Trading Post, an online retailer TJX Cos. acquired in 2012, is accelerating store expansion and could become a new growth driver for the nation’s leading off price retailer with designs on extending its value proposition to the outdoor and active lifestyle world.

Lakeland, Fla. -- Retail Solutions Advisors (RSA) has been selected as the exclusive leasing representative for Crosswinds, a 139,037-sq.-ft. community shopping center near Tyrone Square Mall in St. Petersburg, Florida.  

Current anchors include Marshall’s, Michael’s and Bed Bath and Beyond.
 
The property is owned by Crosswinds St Pete, LLC, who will continue to manage the center.

Millbury, Mass. -- Douglas Wine & Spirits, Visionworks and DSW are opening in early 2015 at The Shoppes at Blackstone Valley, in Millbury, Massachusetts.
 
Douglas Wine & Spirits opened February 1st and occupies a 5,400-sq.-ft. space between Sleepy’s and Guitar Center. Visionworks will be in opening in March in a 2,700-sq.-ft. space between Sephora and Feng Asian Bistro.

DSW will be making its appearance in early April in a 15,000-sq.-ft. space adjacent to Marshall’s.

Plano, Texas - Home décor superstore retailer At Home has appointed Jennifer Warren as its new chief marketing officer.  Warren most recently held the same position for Radio Shack, where she was responsible for leading the marketing, consumer insights, private brand strategy, public relations and omnichannel teams.  

Houston – The Mansour Group has arranged the sale of the 99% leased, 223,223-sq.-ft. Almeda Crossing Power Center located in Houston, for more than $30 million. The seller was a Texas-based developer and The Mansour Group was able to deliver the property to a national REIT.

The center is leased to an array of national tenants including Ross, Marshall’s, Staples, PetSmart, Conn’s, Party City, Show Carnival, Dollar Tree, Anna’s Linens, Aaron’s and many others and is shadow anchored by a Walmart supercenter.