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Mass Merchant

  • Wal-Mart centralizes compliance and legal issues

    New York -- Wal-Mart Stores said on Wednesday that various staff groups involved in compliance and legal issues will soon all report to its general counsel, Reuters reported. The move comes as the retailer works on coordinating efforts after an alleged foreign bribery scandal.

    In a memo sent by CEO Mike Duke, the retailer said that starting on Dec. 1, its compliance, ethics, investigations and legal units will become one organization under executive VP, general counsel and corporate secretary Jeff Gearhart.

  • Lincoln Theatre, South Miami Beach, Fla.

    Miami Beach, Fla.-based Savitar Realty Advisors has nearly completed its transformation of the legendary Lincoln Theatre in the heart of South Beach from a historic movie theater and symphony hall into a 35,000-sq.-ft. mixed-use building located on the pedestrian promenade known as the Lincoln Road Mall.

    The modern retail establishment scheduled to open in November will house H&M’s 30,000-sq.-ft. flagship store as well as a number of other smaller tenants including Swatch, Sabon, 4D Gelato and 100 Montaditos, a Spanish tapas and sandwich style restaurant.

  • American Eagle Outfitters to open at Plymouth Meeting Mall

    Plymouth Meeting, Pa. -- Philadelphia-based Pennsylvania Real Estate Investment Trust said that American Eagle Outfitters plans to open a 5,732-sq.-ft. store at its Plymouth Meeting Mall property in spring 2013.

    In addition, Mercy Health System, a consumer health and wellness satellite aligned with Mercy Suburban Hospital, recently opened, expanding the mall’s variety of services into the health sector.

    Plymouth Meeting Mall is anchored by Macy’s, Boscov’s and Whole Foods Market and Café.

     

  • CBL & Associates names leasing exec

    Chattanooga, Tenn. -- CBL & Associates Properties announced that Sally Cooney has joined the company as regional director of leasing, charged with overseeing the Cincinnati regional leasing team’s efforts and merchandising strategy.   

    Cooney most recently served as regional VP for General Growth Properties in its Atlanta regional office.

     

  • Waynesville Commons opens doors

    Waynesville, N.C. -- Chattanooga, Tenn.-based CBL & Associates Properties announced the opening of its newest community center development, Waynesville Commons, a 127,500-sq.-ft. community center in Waynesville, N.C.  

    Joining the existing Walmart, the 100% leased center is anchored by an 85,000-sq.-ft. Belk, Michaels and PetSmart, along with 11,000 sq. ft. of specialty stores including US Cellular and Rack Room Shoes.

  • Fashion Place Day celebrates mall’s 40-year history

    General Growth Properties’ Fashion Place shopping center in Murray, Utah, celebrated “Fashion Place Day” on Oct. 15 to commemorate the mall’s 40-year history.

    A 15-ft. Mall of Memories wall marked the occasion, and was accompanied by a mayoral declaration and a week of special offers, giveaways, retro fashion shows and a mall-wide birthday party honoring 40 kids affected by cancer.

    “We think Fashion Place looks fabulous for being 40,” said Natalie Watson, Fashion Place senior marketing manager.

  • CBRE awarded leasing assignment for 6-property portfolio

    Los Angeles -- CBRE said it has been retained by Starwood Capital to work collaboratively with Starwood’s leasing team to lease six malls located in California, Florida, Illinois, Nebraska and Ohio.

    The new CBRE assignment followed Starwood Capital's recent acquisition of a 90% stake in seven U.S. malls.

    The properties include: Solano Mall in Fairfield, Calif.; Westland Mall in Miami; Chicago Ridge Mall in Chicago; Louis Joliet Mall in Chicago; Gateway Mall in Lincoln, Neb.; and Southpark Mall in Cleveland.

  • T.J Maxx, Ulta, Rue 21 and Charming Charlie to open at Shoppes at Fox River

    Milwaukee -- Opus Development Corp. announced the scheduled openings of T.J Maxx, Ulta Salon and Cosmetics, Rue 21 and Charming Charlie’s by Oct. 28 at the company’s Shoppes at Fox River development in Waukesha, Wis.

    Opus broke ground on the first development in Phase II of the Shoppes at Fox River in April 2012. The development includes more than 47,000 sq. ft. of retail space on six acres of land adjacent to the existing Phase I buildings, which opened in 2009 and include Target and Pick ‘n Save.

     

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