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PetSmart LLC

  • Lucescu Realty opens Phoenix office, sells The Promenade in Scottsdale

    Newport Beach, Calif. — Lucescu Realty said it has opened a new regional office in Phoenix, its second office outside its California headquarters. The company recently opened a Las Vegas office and plans to open a San Francisco presence by year-end 2011.

    In other company news, Lucescu Realty said it completed the sale of The Promenade in Scottsdale, for $110 million.  Lucescu Realty represented the seller, a local private investor, and procured the buyer, Excel Trust of San Diego. 

  • Inland Western acquires Texas shopping center for $35 million

    Oak Brook, Ill. -- Inland Western Retail Real Estate Trust announced Wednesday the acquisition of Sawyer Heights Village in a joint venture with RioCan Real Estate Investment Trust.

    Sawyer Heights Village, a 107,626-sq.-ft. power center located just outside the central business district in Houston, was purchased for approximately $35 million. 

  • Skechers to open at Burbank Station

    Chicago -- Oakbrook Terrace, Ill.-based Mid-America Asset Management Inc. said that Skechers recently signed a lease for 8,690 sq. ft. at Burbank Station in Chicago's west suburbs.

    The new store is slated to open in the fall.

    Burbank Station is a 303,566-sq.-ft. suburban retail center anchored by Food 4 Less, Sports Authority, Babies “R” Us, Office Max, PetSmart and HomeGoods.
     

  • WP Realty acquires Chesterfield Marketplace

    Midlothian, Va. -- Bryn Mawr, Pa.-based WP Realty announced Thursday that it has acquired Chesterfield Marketplace located in Midlothian, Va.

    This transaction marks WP Realty’s 10th acquisition of the year.

    Chesterfield Marketplace is a one-story, 428,576-sq.-ft. community shopping center anchored by PetSmart, Staples and TJ Maxx, and shadow anchored by Home Depot and Toys “R” Us.

    The portion of the center acquired, 197,942 sq. ft., is currently 54% occupied with 91,232 sq. ft. of available space.

  • Jones Lang LaSalle adds 600,000+ sq. ft. in third-party business

    Atlanta -- Jones Lang LaSalle said Tuesday it has been named the new leasing and/or property manager for five retail properties in Arkansas, North Carolina, New York and Ohio.

    The portfolio, owned by a variety of institutional investors, includes open-air shopping centers and a single-tenant property in Manhattan.

  • Survey: Many sites do not offer product reviews, ratings

    Santa Clara, Calif. -- Nearly half (48%) of retailers do not offer product ratings or reviews on their website, according to a survey by CrossView, a provider of cross-channel commerce solutions.

  • PetSmart records 28% profit gain in Q1, beats Street

    Phoenix -- PetSmart reported Wednesday that net income in the first quarter rose 28% to $70.9 million, compared with $55.6 million in the year-ago period. Results beat Wall Street expectations.

    Revenue increased almost 7% to $1.49 billion, from $1.40 billion in the previous year. Same-store sales rose by 5%.

  • PetSmart raises FY EPS outlook on Q1 earnings growth

    PHOENIX — PetSmart has reported earnings of 61 cents per share, up 33% compared with 46 cents per share in the first quarter of 2010. Net income totaled $71 million in the first quarter of 2011, compared with $56 million in the first quarter of 2010.

    Total sales for the first quarter of 2011 increased 6.8% to $1.5 billion. The increase in net sales was partially impacted by $4 million in favorable foreign currency fluctuations, the company reported. Comparable-store sales grew 5%, benefitting from comparable transactions growth of 2.7%. 

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