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Department Store

  • Charter Realty completes four leases at Springfield Plaza

    Springfield, Mass. — Charter Realty has announced four leases totaling 59,030 sq. ft. in the Springfield Plaza Center in Springfield, Mass.

    Planet Fitness will move into a 20,000-sq.-ft. facility currently under construction. Aaron’s Rentals has renewed its lease for 8,030 sq. ft. Rocky’s Ace Hardware has also renewed on 25,500 sq. ft. Finally, the 99 Restaurant has renewed a 5,500-sq.-ft. space.

    K-Mart, Super Stop and Shop and TJMAXX anchor the 550,000-sq.-ft. Springfield Plaza Center.

     

  • Body Central to Golden Triangle Mall

    Denton, Texas — Body Central will open a new location at Golden Triangle Mall in Denton, Texas, on Oct. 9. The specialty women’s apparel retailer operates more than 200 stores in 23 states across the U.S., under the Body Central and Body Shop banners.

    Golden Triangle, Denton’s only mall, features Macy’s, Dillard’s, J.C. Penney, Sears, Barnes & Noble and DSW Shoe Warehouse as anchors. Cencor Realty Services manages the mall, and The Weitzman Group and MG Herring Group handle the leasing.

     

  • Colliers: Fifth Avenue has highest retail rent, at $3,052 per square foot

    Seattle -- The global retail real estate market rebounded in the first half of the year, with international and luxury brands expanding to new markets and high street properties growing in popularity, according to a new report from Colliers International. Fifth Avenue in Manhattan claimed the highest rent, at $3,052 per square foot, followed by Hong Kong’s Queen's Road Central ($2,086) and Canton Road, Tsim Sha Tsui ($1,993), London’s Old Bond Street ($1,520) and Manhattan’s Madison Avenue ($1,325).

  • JCP calms jittery investors with inter-quarter update

    Sales trends at J.C. Penney are improving and year end liquidity is now expected to exceed $2 billion following a recent stock offering, the company said Tuesday morning during an uncharacteristic mid-quarter update on its operating performance.

  • Toys ‘R’ Us Express Pop-Up to Legends Outlets Kansas City

    Kansas City — Legends Outlets Kansas City has announced that a Toys “R” Us Express pop-up location is now open at the Village West shopping and dining destination. The 3,954-sq.-ft. store will operate through the holiday season.

  • Inland American selects JLL to lease seven centers

    Dallas — Jones Lang LaSalle Retail will lease seven shopping centers in the Dallas region for American Retail Management LLC and Inland Diversified. The properties total more than one million sq. ft. and are nearly 95% occupied. The assignments include:

  • J.C. Penney cites improving sales in September; sees ample year-end liquidity

    Plano, Texas -- J.C. Penney Co. on Tuesday said that it was making “solid progress” in its turnaround as it reported a smaller decline in same-store sales for September, compared to August. The company also said it expects that it will have ample liquidity at year end.

    While Penney’s September same-store sales fell 4% over the same month last year, they showed an improvement of 580 basis points compared with August.

  • Charlotte Russe to open at Moorestown Mall

    Moorestown, N.J. — Charlotte Russe will join Moorestown Mall’s lineup this fall with a 5,000-sq.-ft. store located in the center of the mall. Over the next several months, Marc Vetri’s Osteria, Firebirds Wood Fired Grill, Corner Bakery and the Regal Premium Experience (RPX) Theater will open stores in the mall as well. Distrito by Jose Garces is set to join the mall in 2014.

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