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  • Open-air owners give Jones Lang LaSalle the nod to lease, manage centers

    Atlanta -- Jones Lang LaSalle announced Tuesday that Rally Capital Services, LLC, and Pacific Avenue, LLC, have chosen the firm to lease and manage their open-air centers.

    Rally Capital selected Jones Lang LaSalle Retail to lease and manage Kendall Marketplace, a 750,000-sq.-ft. regional power center in Yorkville, Ind., anchored by Dick’s Sporting Goods, Kohl’s, SuperTarget and The Home Depot.

  • Nordstrom Rack will open in Manchester, Mo.

    Seattle -- Nordstorm plans to open a Nordstrom Rack in Manchester, Mo., a suburb of St. Louis.
     
    The new 35,000-sq.-ft. store is scheduled to open in fall 2012. Construction of the store will begin immediately, according to Mark Sedgwick, managing director of St. Louis-based Pace Properties, L.L.C., which will develop and own the building where Nordstrom Rack will be located.
     

  • Urban Retail to manage four regional malls

    Chicago -- Urban Retail Properties, LLC said it has been awarded the contract by Garrison Investment Group to provide management and leasing services for four regional shopping centers, effective immediately.

    Urban will assume third-party responsibilities for Chapel Hills Mall (Colorado Springs, Colo.), Central Mall (Salina, Kan.), Decatur Mall (Decatur, Ala.) and Lakeshore Mall (Gainesville, Ga.).

  • TJ Maxx to open Wall Street store

    New York City -- Winick Realty Group said that TJ Maxx has leased its first Wall Street location, in the heart of New York City’s Financial District.

    The 32,000-sq.-ft. store, which spans two lower levels at 14 Wall Street on the corner of Broad Street, is slated to open in October.

  • Costco, BJs and Target beat expectations

    New York City -- BJ’s Wholesale Club, Costco and Target all beat Wall Street expectations in August, helped by consumers seeking out emergency supplies and clean-up items as they prepared for and then dealt with Hurricane Irene.

    BJ's Wholesale Club’s same-store sales jumped 11.5% in August, beating analysts' predictions for a 7.8% increase. The retailer said that gasoline sales contributed about 3.6 percentage points to the increase, and hurricane-related sales contributed another 2.5 to 3 percentage points.

  • Spencer Gifts to make Manhattan debut

    New York City -- Spencer Gifts, a mainstay of malls across North America, has leased its first-ever location in Manhattan. The 60-year-old chain operates more than 600 stores in the United States, Canada and Puerto Rico.

    As one of Spencer’s few free-standing locations, the store, located downtown near New York University, encompasses over 1,840 sq. ft. on the ground floor. It is due  to open in advance of the holiday season.

  • Victoria's Secret helps drive up Limited's 2Q profit

    COLUMBUS, Ohio — Limited Brands reported Wednesday that net income for the second quarter rose a better-than-expected 29% to $231.2 million, compared with $178.7 million in the year-ago period. 

    It cited strong full-price sales at Victoria’s Secret and Bath and Body Works for the strong showing.

    Revenue rose 10% to $2.46 billion, matching Wall Street expectations. Same-store sales rose 9%.

  • Limited Brands Q2 profit up on strength of Victoria’s Secret, Bath and Body brands

    Columbus, Ohio -- Limited Brands reported Wednesday that net income for the second quarter rose a better-than-expected 29% to $231.2 million, compared with $178.7 million in the year-ago period. 

    It cited strong full-price sales at Victoria’s Secret and Bath and Body Works for the strong showing.

    Revenue rose 10% to $2.46 billion, matching Wall Street expectations. Same-store sales rose 9%.

  • Albertsons LLC names VP pharmacy operations

    BOISE — Privately owned Albertsons LLC, which operates more than 200 pharmacies across six states, has named Stewart Edington VP pharmacy operations.

    Edington has been with Albertsons stores since 2003, when he was hired as a pharmacy manager and worked in the company’s Phoenix stores. In 2006, Edington joined Albertsons LLC as the division pharmacy manager for the company's Florida stores, a position he has held for the last five years.

  • SRS Real Estate names senior associate

    Dallas -- SRS Real Estate Partners announced Thursday it has hired Lenny Eterno as a senior associate in the South Florida office.

    Eterno will be focusing on the Miami Beach and downtown Miami trade areas.

    Prior to joining SRS, Eterno worked for SRS’ affiliate, Cypress AutoGroup, LLC, where he completed transactions throughout the southeast.
     

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