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Ulta Beauty

  • Divaris announces leases across Hampton Roads

    Virginia Beach, Va. — Divaris Real Estate has announced four leases totaling 29,099 sq. ft. of retail space in the Hampton roads area of Virginia.

    PetSmart has taken 14,286 sq. ft. at Peninsula town Center in Hampton. As the chain’s exclusive representative in Virginia, the Richmond office of DRE represented PetSmart in the negotiations.

    Ulta has signed a lease for 10,500 sq. ft. in Crossways Shopping Center in Chesapeake. DRE’s Virginia Beach office represented the landlord, JLP-Chesapeake in the transaction.

  • Ulta Q4 profit up 9.5%; to open 100 stores

    Bolingbrook, Ill. -- Ulta Beauty’s fiscal fourth-quarter earnings rose 9.5% on better-than-expected sales. The fast-growing beauty products retailer plans to add 100 net new stores, expanding square footage by 15% and remodel 12 locations in its current fiscal year.

    “Ulta Beauty achieved excellent top line growth in the fourth quarter,” said Mary Dillon, CEO. “We delivered earnings growth consistent with our expectations and made significant progress with our key growth strategies.”

  • Comp growth and e-commerce fuel Ulta expansion

    On the heels of record growth in 2013, Ulta Beauty plans to open 100 new stores this year and increase funding for e-commerce and loyalty initiatives.

  • Tractor Supply appoints former beauty exec as information chief

    Tractor Supply Company has named former Ulta Beauty executive Robert D. Mills as SVP and chief information officer, succeeding James Callison. Mills will also serve on the company’s executive committee.

    Callison, who informed the company last year about his plans to retire, will remain on-board for an undisclosed amount of time while the transition is completed.

  • Brixton Capital buys Moreno Valley, Calif., center

    Los Angeles — Brixton Capital has acquired TownGate Center in Moreno Valley, Calif., for $41,971,000, a 6.9% cap rate, according to CBRE, which represented both the buyer and seller in the transaction. The seller was a partnership between Walton Street, a private equity firm, and Fritz Duda Co.

    The CBRE marketing system distributed more than 460 offering memoranda to investors and brokers. The managed bid offer process generated more than nine offers. The purchase price mirrored CBRE’s pricing guidance to the seller.

  • Seven new retailers for Alliance Town Center

    Fort Worth, Texas — Trademark Property Co. has announced multi-year leases for seven new tenants soon to open in Alliance Town Center in North Fort Worth, Texas.

  • Two new retailers sign into Glen Town Center in Glenview, Ill.

    Chicago — Forever Yogurt and T’s Code, a women’s clothing boutique, have leased shops in Glen Town Center in Glenview, Ill. Forever Yogurt has taken 1,134 sq. ft., and T’s Code will occupy 1,789 sq. ft. CBRE represented the landlord, Bank of America Commercial Mortgage, in both leases.

  • Whole Foods to Mayfair in Wauwatosa, Wis.

    Chicago, Ill. — Whole Foods Market has signed a 45,150-sq.-ft. lease to anchor the second phase of The Mayfair Collection, a large-scale, mixed-use development in Wauwatosa, Wis. It will be the specialty grocer’s second store in the Milwaukee metropolitan area.

    Plans for the second phase of the center also include approximately 50,000 sq. ft. of junior anchor retail space, a mix of upscale bars and restaurants, a bank branch and a 140-room hotel.

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