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Uniqlo to open stores in Boston, Philly markets
New York - Uniqlo announced it will enter two new markets, Pennsylvania and Massachusetts, starting this spring. The Japanese apparel giant will open three stores in the Philadelphia market and six stores in the Boston metro area. In addition, Uniqlo will open a pop-up shop at Faneuil Hall Marketplace, Boston, early this summer.
Uniqlo will enter Pennsylvania with three stores in the greater Philadelphia area:
• King of Prussia Mall, King of Prussia (May 16)
• 1608 Chestnut Street, Philadelphia (Oct. 3)
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RPAI acquires six retail assets in JV dissolution
Oak Brook, Ill. — Retail Properties of America has announced an agreement to acquire six multi-tenant retail assets through the dissolution of its MS Inland joint venture. The joint venture owns the portfolio, with 20% owned by RPAI and 80% owned by RPAI’s partner. RPAI will acquire its partner’s 80% interest in the six properties.