Department Store

Woodbridge, Va. - Potomac Mills, an outlet and value retail shopping center in the Washington, D.C., area with more than 220 stores, is adding A|X Armani Exchange, Steve Madden, an outlet concept for Swarovski and a first-in-market location for Great American Cookies. Potomac Mills also recently added Factory Outlet, Kate Spade New York Outlet, Charlotte Russe and a first-in-state location for The Limited Outlet.

Dublin, Calif. -- dd’s Discounts, a division of Ross Stores, Inc., will open a new store in the California Central Valley on Sept. 27. The store is located in the Shaw Village Shopping Center in Clovis.  

Including this new location, dd’s Discounts will operate approximately 150 locations in 13 states and is on schedule to complete its expansion plan to open approximately 20 locations in 2014.

Dublin, Calif. -- dd’s Discounts, a division of Ross Stores, Inc. will open a new store in Arizona, on Sept. 27. The store is located in the Squaw Peak Plaza in Phoenix.  

Including this new location, dd’s Discounts operates approximately 150 locations in 13 states and is on schedule to complete its expansion plan to open approximately 20 locations in 2014.

Hoffman Estates, Ill. – A $400 million loan Eddie Lampert, the CEO and largest shareholder of Sears Holdings Corp., is making to Sears this month reportedly is only enough to last the struggling retailer for three months. According to Bloomberg, global ratings agency Fitch Ratings is projecting that Sears will need $4 billion in capital to avoid running out of cash altogether in 2016.

Virginia Beach, Va. -- Divaris Real Estate, Inc. announced the completion of four retail transactions, totaling 21,688 sq. ft.

Dollar Tree renewed its lease for 9,663 sq. ft. at Williamsburg Marketcenter, located at 6610 Mooretown Road, in Williamsburg.

Castaways Inc. leased 5,025 sq. ft. of retail space at the Divaris-leased and -managed Lynnhaven Green Shopping Center, located at 1505 Lynnhaven Parkway, in Virginia Beach.

Chicago -- Urban Retail Properties, LLC, announced the acquisition of Oakland Square and Oakland Plaza in Troy, Michigan, by its parent company RAIT Financial Trust. Purchase price was $50.8 million.

Both properties are adjacent to Oakland Mall, a 1.5-million-sq.-ft. super-regional center that Urban Retail currently manages.

Seattle -- Nordstrom on Friday opened its first store in Canada, at Chinook Centre in Calgary, Alberta. The two-level, 140,000-sq.-ft. store is also the department store retailer’s first location outside the United States.
 
"Being in business for 113 years, this is really a historic time for us as we open our first store in Canada - our first international store," said Sheila Wooldridge, Nordstrom Chinook Centre store manager.

Flushing, Queens -- Onex Real Estate Partners announced The Shops at SkyView Center has welcomed five new tenants to the growing roster of retailers during the third quarter.
 
The newest addition to Flushing’s mixed-use, multi-level shopping center includes Nordstrom Rack, the off-price retail division of Nordstrom, which officially opened on Sept. 10. Additionally, Justice & Brothers, a national retailer known for the best in tween fashion and accessories, catering to both boys and girls, has opened on Level D.