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Department Store

  • Mid-America brokers three new Chicagoland leases

    Oakbrook Terrace, Ill. — Mid-America Asset Management has announced three new retail leases in Chicago’s northwestern suburbs. Mid-America represented the landlord in each transaction.

    Charles Schwab signed a lease for 4,339 sq. ft. at Shops of Uptown in Park Ridge, a northwestern suburb of Chicago. The store is expected to open next spring. The 70,800-sq.-ft. center features Trader Joe’s, Houlihan’s and Jason’s Deli. Colliers International represented the tenant.

  • The Bon-Ton Stores to exit mall in Scranton, Pa.

    The Bon-Ton Stores plan to close its location in the mall at Steamtown in Scranton, Pa. The company will not renew the lease, which terminates January 31, 2014. The closing will impact approximately 50 employees at this location.

    The company acquired the leasehold interests in the Scranton store in 2000. It does not expect costs associated with the closing of the location to be material.

  • DSW shareholders approve split

    Columbus, Ohio - On Oct. 14, 2013, shareholders of DSW Inc. approved a two-for-one stock split of DSW's common shares, along with approving an increase in the number of Class A common shares authorized for issuance. The company plans to effect the stock split on Nov. 2, 2013, by filing an amendment to its articles of incorporation.  

  • Report: Jos. A. Bank may consider hostile bid for Men’s Wearhouse

    Hampstead, Md. – Jos. A. Bank Clothiers Inc. reportedly may consider a hostile takeover bid for Men’s Wearhouse. According to Bloomberg, Jos. A. Bank chairman Robet Wildrick said he would prefer a friendly acquisition but his company is not ruling any options out.

  • Sacramento Sam’s Club morphs into Burlington Coat Factory

    Colton, Calif. — The Hodgdon Group, a brokerage, development, construction and project management firm, has converted a former Sam’s Club in Sacramento into a 60,000-sq.-ft/ Burlington Coat Factory.

    The new store opened last week. Hodgdon Group Realty and CBRE Sacramento represented the investor in the acquisition of the Sam’s Club building, as well as the landlord in the lease transaction. Retail West Inc. represented Burlington Coat Factory. An additional tenant has leased the remaining space and plans to open soon.

  • Rent the Runway opens innovative in-store shop at Henri Bendel

    New York -- Rent the Runway, the popular online retailer specializing in rentals of designer dresses and accessories, has entered into its first brick-and-mortar partnership, opening a 1,400-sq.-ft. showroom in the Henri Bendel Fifth Avenue flagship store in Manhattan.

  • Dick’s Sporting Goods opens stores in Wyoming, Kentucky on Oct. 25

    Pittsburgh – Dick’s Sporting Goods is opening new stores in Wyoming and Kentucky on Oct. 25. The new stores are located at the Eastridge Mall in Casper, Wy., and Gary Farms in Bowling Green, Ky.

    The Casper store will be Dick’s first store in Wyoming, and the Bowling Green will be the retailer’s ninth store in Kentucky. Dick’s will have a total of 547 stores as of Oct. 25.

     

  • Famous Footwear leases second Manhattan location

    New York — Famous Footwear has leased its second Manhattan location at 48-50 West 14th Street between Fifth and Sixth Avenues in Union Square, according to Winick Realty Group. The 7,800-sq.-ft. store is a block-through retail site with 50 feet of frontage on 14th Street and 25 ft. of frontage adjacent to the New School entrance on 13th Street.

    Ripco represented Famous Footwear in the transaction. Winick represented the landlord, CB Developers.

     

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