Discount Store

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.

Niagara Falls, N.Y. -- Macerich announced that its outlet property Fashion Outlets of Niagara Falls USA will open the doors of its planned expansion on Oct. 23. The new expansion delivers nearly 175,000 sq. ft. and opens with 35 new tenants, and more to come in 2015.

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.
 

Undeterred by pet specialty heavyweights PetSmart and Petco, Pet Supermarket just opened its 150th location and has plans for more.

The forty year old Sunrise, Fla.-based company recently opened its 150th location in the central Florida town of Bartow and indicated it plans additional growth while stopping short of providing a specific expansion target. The company’s stores measure about 7,500-sq.-ft. and are currently concentrated in states such as Georgia, Alabama, North Carolina, South Carolina, Tennessee, Texas, Kentucky, California and Nevada.

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.

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.

New York -- The nation’s three largest off-price retailers (TJX, Ross Stores and Burlington) will see above-average growth, in the 6%-8% range, over the next five years, compared with 4% growth for the broader retail industry, according to a new report by Moody's Investors Service. The leaders in the space have thousands of vendor relationships and significant scale, so supply constraints aren't likely to hinder their growth, the report noted.

With word this week that Walmart will rebrand its small format Express stores under the Neighborhood Market banner, there will be plenty of interest in an upcoming presentation by the retailer’s vp of small formats.

Marc Lieberman, vp of small formats for Walmart U.S., is slated to speak at a Doing Business in Bentonville event on Thursday, October 9. at the John Q. Hammons Center in Rogers, Ark., from 7 a.m. to 9 a.m.