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Upscale outlet mall planned for St. Louis
Chesterfield, Mo. -- Bloomington Hills, Mich.-based mall owner Taubman said Thursday that it has broken ground on a high-end outlet mall in Chesterfield, Mo., in suburban St. Louis.
Taubman Prestige Outlets Chesterfield is slated to open in fall 2013 and will feature 450,000 sq. ft. of retail space with more than 100 stores, an open-air design, dog-friendly grounds, access to a levee-fitness trail and a food court.
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Inland acquires Bayonne Crossing Shopping Center for $75.2 million
Bayonne, N.J. -- Inland Real Estate Acquisitions announced it has acquired Bayonne Crossing, a 356,647-sq.-ft. shopping center in Bayonne, N.J., for approximately $75.2 million.
Located just off the Hudson River and across from Manhattan, the acquisition includes a 91,109-sq.-ft. Wal-Mart Urban Store and a 146,583-sq.-ft. Lowe’s Home Improvement, both anchor tenants on ground leases purchased by Inland Real Estate Acquisitions.